Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1723 Creswell Ln Opelousas, LA 70570

    • Retail properties
    • 1,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hibbett Sports / Youth Clothing Store / Shoe Store
    • Cricket Wireless Authorized Retailer / Cell Phone Store
    • Creswell Plaza / Shopping Mall
    • China Wok / Chinese Restaurant
    • Sally Beauty / Barber Supply Store / Cosmetics Store

    Property Details for 1723 Creswell Ln

    Property size
    1,600 SF
    Property type
    Retail properties

    Description

    This exceptional 1,600 square foot retail space is available for lease in the thriving Creswell Plaza shopping center, located at 1723 Creswell Ln, Opelousas, LA 70570. The property is classified as a Class B retail space and offers a single-tenant occupancy. Creswell Plaza enjoys a strategic location east of Interstate I-49, providing excellent accessibility and visibility. The center benefits from its proximity to a Walmart Supercenter and a diverse tenant mix including national, regional, and local businesses, ensuring high foot traffic and a strong customer base. The recent completion of the Evangeline Downs Horse Racetrack and Casino further enhances the area's appeal and potential for increased customer traffic. This move-in ready space presents a fantastic opportunity for businesses seeking high visibility and a strong customer base in a rapidly developing area of Opelousas. The property's location offers easy access for customers and employees alike, making it an ideal location for a variety of retail businesses. This space is perfect for a business looking to establish a strong presence in a vibrant and growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Opelousas
    County
    Saint Landry
    State
    Louisiana
    Longitude
    -92.0641
    Latitude
    30.5198

    Comparable in this City

    • Value Estimation by Request
      4,997 SF

      1119 Landry St

      Restaurants • 4,997 SF
      1119 Landry St, Opelousas, LA 70570
      View Details
    • Value Estimation by Request
      4,500 SF

      1200 Heather Dr

      Lifestyle centers • 4,500 SF
      1200 Heather Dr, Opelousas, LA 70570
      View Details
    • Value Estimation by Request
      10,800 SF

      1234 Heather Dr

      Distribution properties • 10,800 SF
      1234 Heather Dr, Opelousas, LA 70570
      View Details
    • Value Estimation by Request
      221,508 SF

      1305 Heather Dr

      Lifestyle centers • 221,508 SF
      1305 Heather Dr, Opelousas, LA 70570
      View Details
    • Value Estimation
      $220,000
      0.17 Acres

      627 Mcneese St

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      627 Mcneese St, Opelousas, LA 70570-8404
      View Details
    • Value Estimation
      $225,000
      0.13 Acres

      734 Oak St

      PARKING GARAGE, PARKING STRUCTURE • 0.13 Acres
      734 Oak St, Opelousas, LA 70570-6368
      View Details

    Similar Nearby for Sale

    • $6,238,556
      4,997 SF

      Prime Chick-fil-A Investment

      15-Year NNN Lease, Strong ROI
      1119 Landry St, Opelousas, LA 70570
      View Details
    • $675,000
      10,800 SF

      Opelousas Warehouse: Prime Location

      10,800 SF Warehouse, $675,000
      1234 Heather Dr, Opelousas, LA 70570
      View Details
    • $350,000
      4,935 SF

      Opelousas Retail Space - Main St.

      Prime Opelousas retail space, 4,935 sq ft.
      1320 Main St, Opelousas, LA 70570
      View Details
    • $179,900
      5,400 SF

      Opelousas Retail Space - Main Street

      High-visibility retail space, 5400 sq ft, great location.
      905 N main street, , LA, Opelousas, LA 70570
      View Details
    • $450,000
      4,500 SF

      Opelousas Shopping Center Investment

      Prime Opelousas retail center, high growth potential.
      1200 Heather 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

    Similar Nearby for Lease

    • Contact for pricing
      7,200 SF

      Retail Space in Opelousas

      7,200 SF retail space available for rent.
      2418 South Union St, Opelousas, LA 70570
      View Details
    • $1,600 /Mo
      2,100 SF

      Opelousas Office Space For Rent

      Spacious office in Opelousas Opportunity Zone, Main Street frontage.
      223 S Main St, Opelousas, LA 70570
      View Details
    • $10 SF/Yr
      7,010 SF

      Opelousas Medical/Professional Office Space

      7,000 SF office space suitable for medical or professional use.
      528 East Vine St, Opelousas, LA 70570
      View Details
    • $1,650 /Mo
      2,100 SF

      Opelousas Office Space For Lease

      Move-in ready office space in the heart of Opelousas.
      414 S Main St, Opelousas, LA 70570
      View Details
    Request Owner's contact information
    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.
    1723 Creswell Ln
    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
    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

    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.