Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1234 Heather Dr Opelousas, LA 70570

    Sponsored
    For Sale
    $675,000

    10,800 SF Warehouse, $675,000

    Property size:
    10,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 10,800-square-foot warehouse, situated on a 1.29-acre lot in Opelousas, Louisiana, presents a unique investment opportunity. The property, located at 1234 Heather Dr, 70570, boasts a convenient location just off the I-49 Service Road, offering excellent accessibility. The building itself is a two-story structure, featuring approximately 9,000 square feet of rentable space on the first floor and an additional 1,800 square feet on the second floor. Currently configured as a single-tenant space, the building's adaptable layout offers significant potential for various uses, including retail or industrial/distribution businesses. The expansive lot size provides ample room for future expansion or modifications to suit specific business needs. The asking price is $675,000, translating to $62.50 per square foot. This property's prime location, flexible design, and substantial size make it an ideal choice for entrepreneurs and investors seeking a versatile and strategically positioned commercial space in a thriving Louisiana market. The property's history as a free-standing theatre adds to its unique character and potential for creative repurposing. This is a rare opportunity to acquire a well-situated, sizable warehouse in St. Landry Parish.

    Property Features for 1234 Heather Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    10,800 SF
    Lot Size
    56,192 SF

    Building Details

    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Seth Citron
    Seth Citron

    Learn more

    HighLights

    • 1.286‑acre land parcel
    • 9,000 SF of first‑floor space
    • 1,800 SF of second‑floor space
    Property Profile Location Intelligence

    Current Use by Public Records

    St. Landry Cinema Movie Theater

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opelousas
    County
    St. Landry Parish
    State
    Louisiana
    Longitude
    -92.0733525
    Latitude
    30.5081829

    Nearby Similar for Sale

    • $2,749,000
      2,600 SF

      Equestrian Property with Modern Amenities

      94.6-acre equestrian estate featuring extensive facilities and a restored farmhouse.
      1601 La-357, Opelousas, LA 70570
      View Details
    • $400,000
      784 SF

      Opelousas Ranch with Equestrian Potential

      13.83-acre Opelousas ranch featuring equestrian facilities and living quarters.
      1238 Montgomery Rd, Opelousas, LA 70570
      View Details
    • $225,000
      2,105 SF

      Former Learning Academy For Sale

      2,105 sqft facility on a quarter-acre corner lot.
      511 S Union St, Opelousas, LA 70570
      View Details
    • $255,000
      4,354 SF

      Opelousas Multi-Family Investment Opportunity

      Four single-family homes in Opelousas, all currently occupied.
      605 Choctaw Dr, Opelousas, LA 70570
      View Details
    • $179,000
      2,750 SF

      Opelousas Commercial Duplex For Sale

      Turnkey income-producing property in the heart of Opelousas.
      1203 S Union St, Opelousas, LA 70570
      View Details
    • $500,000
      40.00 Acres

      Opelousas Racehorse Training Facility

      Turnkey 40-acre racehorse breeding and training facility near Evangeline Downs.
      295 Jim Guillory Rd, Opelousas, LA 70570
      View Details
    • $599,000
      1,578 SF

      Opelousas Commercial Property with Businesses

      4.4 acres with I-49 frontage and multiple businesses.
      8274 I-49 Frontage Rd, Opelousas, LA 70570
      View Details
    • $70,000
      8,100 SF

      Opelousas Historic Corner Lot Property

      Historic Opelousas property with warehouse, sales floor, and loading dock.
      506 S Railroad Ave, Opelousas, LA 70570
      View Details
    • $580,000
      0.91 Acres

      Opelousas Land in Prime Location

      Corner lot ideal for convenience store or fast food restaurant.
      1130 S Union St, Opelousas, LA 70570
      View Details
    • Contact for pricing
      221,508 SF

      Regional Shopping Center For Sale

      221,508 SF grocery-anchored shopping center with national tenancy.
      1305 Heather Dr, Opelousas, LA 70570
      View Details
    • $182,500
      1,730 SF

      Opelousas Home with New Upgrades

      2014 double-wide mobile home with new roof and flooring.
      102 Merlot Dr, Opelousas, LA 70570
      View Details
    • $875,000

      Sunset MHP Development Opportunity

      Mobile home park with RV conversion potential in Opelousas, LA.
      Highway 178, Opelousas, LA 70570
      View Details

    FAQs

    What type of property is this?
    Distribution property - 10,800 SF Warehouse, $675,000
    Where is this distribution property located?
    The property is located at 1234 Heather Dr Opelousas, LA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 1.286-acre land parcel; 9,000 SF of first-floor space; 1,800 SF of second-floor space
    Request Owner's contact information
    1234 Heather Dr Opelousas, LA 70570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1234 Heather Dr
    Opelousas, LA 70570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1234 Heather Dr Opelousas, LA 70570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Seth Citron
    Seth Citron
    Real Estate License ID: LA 99564385
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.