Leased Retail Storefront
For Sale
$295,000
920 E Laurel Ave, Eunice, LA 70535
Two adjoining, leased storefront units in a high-traffic shopping center support a retail-focused ownership strategy.
Property Size3,000 SF
Price / SF$98.33
Days on Market708
Property Features for 920 E Laurel Ave
General Information
Standard status
Active
Size
3,000 SF
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Tenancy
Multi
Listing Agency:
DCG/Aguillard Realty
(337) 457-9385
Listed By:
Raymond A Aguillard · License #59516
(337) 580-3705
Source:
Exprealty
Added: Oct 9, 2024
Changed: Sep 6
Last Checked: Sep 15 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DCG/Aguillard Realty
Investment Insights
Based on property information with market context.
This offering consists of two adjoining retail storefront units, each approximately 1,500 square feet, for a total of about 3,000 square feet. Both spaces are currently leased, with one unit operating as a nail salon and the other as a barber shop, providing an income-producing retail setup.
The units are located within a high-traffic shopping center and are adjacent to established neighbors, including Dollar General and Donut Queen. This tenant mix and surrounding retail environment help maintain consistent day-to-day customer traffic for storefront activity.
For buyers seeking a retail investment with an operating tenant profile, the property offers two separate adjoining units that are already in use and generating rental income. Retail operators and investors can also evaluate the flexibility of acquiring both storefronts together for a single ownership position within the center.
The units are located within a high-traffic shopping center and are adjacent to established neighbors, including Dollar General and Donut Queen. This tenant mix and surrounding retail environment help maintain consistent day-to-day customer traffic for storefront activity.
For buyers seeking a retail investment with an operating tenant profile, the property offers two separate adjoining units that are already in use and generating rental income. Retail operators and investors can also evaluate the flexibility of acquiring both storefronts together for a single ownership position within the center.
Key Highlights
- Two adjoining leased storefront units in a high‑traffic shopping center
- Each unit is approximately 1,500 SF
- Units currently leased to a nail salon and a barber shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,320
$417.3K
Cap Rate 7%
$298,086
$298.1K
Cap Rate 9%
$231,844
$231.8K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $10.80/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$29.8K $9.94/SF
− OpEx
−$8.9K −$2.98/SF
NOI
$20.9K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,320
Cap Rate 7%
$298,086
Cap Rate 9%
$231,844
Alternative Uses
Best Use
Retail
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Home Improvements & Furnishings 19%
Dining 19%
Hotels & Casinos 3%
Dollar General
Shops & Services
8,971 visits/mo
0.1 miles
Smith's Hardware & Everything Rental Center
Home Improvements & Furnishings
4,739 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,649 visits/mo
0.2 miles
El Rodeo
Dining
4,647 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
815 visits/mo
0.2 miles
Demographics for 70535, LA
17,292
Population
7,749
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
160.6 sq mi
ZIP Area
108
Density / Sq Mi
$44,804
Median Household Income
$38,598
Median Earnings
$789
Median Rent
$161,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Two adjoining, leased storefront units in a high-traffic shopping center support a retail-focused ownership strategy.
Where is this storefront property located?
The property is located at 920 E Laurel Ave Eunice, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two adjoining leased storefront units in a high‑traffic shopping center; Each unit is approximately 1,500 SF; Units currently leased to a nail salon and a barber shop
