Stabilized Auto Shop Investment
For Sale
Contact for pricing
1044 O'Neal Ln, Baton Rouge, LA 70816
Single-tenant auto shop with in-place lease until December 2027.
Property Size3,800 SF
Lot Size0.33 Acres
Price / SF$98.68
Days on Market196
Property Features for 1044 O'Neal Ln
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.33 Acres
Property subtype
Retail
Zoning
R - Rural
Listing Agency:
Elifin Realty Baton Rouge
(800) 895-9329
Listed By:
Jacob Loveland · License #LA
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 12 at 4:43AM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
The property at 1044 O’Neal Lane is available for sale, presenting a stabilized, single-tenant investment opportunity with a 5-year lease in place that expires in December 2027. The property is an auto shop with a size of approximately 3,800 square feet, situated on a lot of approximately 0.33 acres. Currently, the property is used as an automotive service facility. The asset is offered at an 8.0% cap rate, with an annual net operating income of $31,400 derived from the tenant. Located along O’Neal Lane, the property benefits from regional access, with proximity to both I-12 and US Hwy-190, approximately 0.8 miles away. This offering features an in-place tenant with predictable income and a defined lease term, making it suitable for investors seeking stable cash flow.
Key Highlights
- 8.0% Cap Rate with $31,400 Annual NOI
- Stabilized, Single‑Tenant Investment with In‑Place Lease
- 5‑Year Lease Term Expiring December 2027
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
$25,341
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
6.76%
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%
$506,820
$506.8K
Cap Rate 7%
$362,014
$362.0K
Cap Rate 9%
$281,567
$281.6K
Market Conditions
NOI Build-Up for 3,800 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
$36.9K $9.72/SF
− Vacancy
−$735 −$0.19/SF
EGI
$36.2K $9.53/SF
− OpEx
−$10.9K −$2.86/SF
NOI
$25.3K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /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%
$506,820
Cap Rate 7%
$362,014
Cap Rate 9%
$281,567
Alternative Uses
Best Use
Retail
$849.4K
$743.2K – $991.0K
NOI $59,458 @ 7.0% cap · market cap 15.86%
Second Best
Industrial
$362.0K
$316.8K – $422.4K
NOI $25,341 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$910.1K
$796.3K – $1.06M
NOI $63,705 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 20%
Home Improvements & Furnishings 17%
Shell
Shops & Services
12,153 visits/mo
0.3 miles
Brothers Ace Hardware
Home Improvements & Furnishings
4,302 visits/mo
0.2 miles
Rotolo's Pizzeria
Dining
3,709 visits/mo
0.3 miles
Kangaroo Express
Shops & Services
3,676 visits/mo
0.3 miles
SUBWAY
Dining
1,215 visits/mo
0.3 miles
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Richards Honda Service Center — 13413 Millerville Greens Blvd, Baton Rouge, LA 70816
- Howdy Towing & Roadside Services — 3171 Millerville Rd, Baton Rouge, LA 70816
- ONeal Car Care Center — 3855 O'Neal Ln, Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant auto shop with in-place lease until December 2027.
Where is this auto shop located?
The property is located at 1044 O'Neal Ln Baton Rouge, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 8.0% Cap Rate with $31,400 Annual NOI; Stabilized, Single‑Tenant Investment with In‑Place Lease; 5‑Year Lease Term Expiring December 2027
