Two-Unit Shopping Center
For Sale
$350,000
920 E Laurel Avenue, Eunice, LA 70535
COMMERCIAL - Eunice, LA
Property Size3,000 SF
Lot Size0.30 Acres
Price / SF$116.67
Days on Market683
Property Features for 920 E Laurel Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot, Off Street
Exterior features
Door Sign, Roof Sign
Lot features
Level
Directions
Building located next to Dollar General on East end of Eunice. Coming from Opelousas on Hwy 190, turn right into parking lot next to Donut Queen and across from the Amy Shopping Center.
Subdivision
L3
Standard status
Active
APN
0602089700
Size
3,000 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
1 Lot (0.305 AC) being portion of Lot C (65.88X201.54) fronting 65.88' on Laurel Ave N Amazon St S Laurel E Moosa W Moosa Blvd in SEC 30 T-6S R-1E
Legal Description
1 Lot (0.305 AC) being portion of Lot C (65.88X201.54) fronting 65.88' on Laurel Ave N Amazon St S Laurel E Moosa W Moosa Blvd in SEC 30 T-6S R-1E
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
DCG/Aguillard Realty
(337) 457-9385
Listed By:
Raymond A Aguillard · License #59516
(337) 580-3705
Added: Oct 9, 2024
Changed: Aug 4
Last Checked: Aug 22 at 5:06PM
MLS# 24009492
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,000-square-foot shopping center property comprises two adjoining 1,500-square-foot suites on a 0.3-acre parcel. The units are leased to a nail salon and barber shop, providing established occupancy within the commercial building. Interior and exterior features include concrete flooring, central air conditioning, electric heat, a metal roof, door signage, and roof signage.
Located at 920 E Laurel Avenue in Eunice, the property sits beside Dollar General and Donut Queen. Commercial zoning, public water service, and both lot and off-street parking support the existing retail-oriented configuration. The adjoining-suite layout offers a straightforward arrangement for continued operation by the current occupants.
Located at 920 E Laurel Avenue in Eunice, the property sits beside Dollar General and Donut Queen. Commercial zoning, public water service, and both lot and off-street parking support the existing retail-oriented configuration. The adjoining-suite layout offers a straightforward arrangement for continued operation by the current occupants.
Key Highlights
- 3,000‑square‑foot shopping center property with two adjoining 1,500‑square‑foot suites
- Both units are leased to a nail salon and barber shop
- 0.3‑acre parcel at 920 E Laurel Avenue, Eunice, LA 70535
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
5.96%
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 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amy Shopping Center — 971 Laurel St, Eunice, LA 70535
Frequently Asked Questions
What type of property is this?
Shopping center - Two connected suites are leased to an operating nail salon and barber shop.
Where is this shopping center located?
The property is located at 920 E Laurel Avenue Eunice, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,000‑square‑foot shopping center property with two adjoining 1,500‑square‑foot suites; Both units are leased to a nail salon and barber shop; 0.3‑acre parcel at 920 E Laurel Avenue, Eunice, LA 70535
