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    1200 Heather Dr Opelousas, LA 70570

    For Sale
    $450,000

    Prime Opelousas retail center, high growth potential.

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 4,500 sq ft shopping center in Opelousas, LA, presents a compelling value-add investment opportunity. Located at 1200 Heather Dr, this single-building property boasts a prominent corner location adjacent to St. Landry Cinema and across from St. Landry Plaza, a major shopping center anchored by Hobby Lobby, Ollie's, and other national retailers. The property features three bays totaling 4,500 sq ft of gross leasable space, with one currently occupied by Nikki Nails (2,000 sq ft) and two vacant suites (1,000 sq ft and 1,500 sq ft) available for lease. The building has a brick façade and a recently recoated roof (June 2024). The C-2 Large Scale Commercial District zoning allows for a wide variety of business uses. The property sits on a 0.39-acre lot and is currently 44% occupied, generating a pro-forma NOI of $49,100 and a pro-forma cap rate of 10.91%. The asking price is $450,000 ($100/sq ft). This is a multi-tenant property with a gross lease structure. Ideal for investors seeking strong returns in a thriving retail market.

    Property Features for 1200 Heather Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,500 SF
    Lot Size
    16,988 SF

    Building Details

    Buildings
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Warren P. Menard, ... Physical Therapist Doll House Shoetique ... Boutique

    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
    -92.0744897079
    Latitude
    30.508454482505

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Opelousas retail center, high growth potential.
    Where is this lifestyle center located?
    The property is located at 1200 Heather Dr Opelousas, LA.
    What is the asking price?
    The asking price for this property is $450,000.
    Request Owner's contact information
    1200 Heather Dr Opelousas, LA 70570
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    Opelousas, LA 70570
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    Realmo Value Estimation

    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.

    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.

    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
    1200 Heather Dr Opelousas, LA 70570
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