Stabilized Auto Shop Investment
1044 O'Neal Ln, Baton Rouge, LA 70816
For Sale
$375,000
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 Market289
Property Features for 1044 O'Neal Ln
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Elifin Realty
Listed By:
Jacob Loveland
(225) 460-0877
Source:
Lacdb.resimplifi
Added: Jan 28
Changed: Nov 10
Last Checked: Nov 12 at 4:15AM
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
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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 / Yr
$25,341
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$232,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in East Baton Rouge County, LA
Properties on Market for Auto shops in East Baton Rouge County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- ONeal Car Care Center — 3855 O'Neal Ln, Baton Rouge, LA 70816
- Howdy Towing & Roadside Services — 3171 Millerville Rd, Baton Rouge, LA 70816
- Richards Honda Service Center — 13413 Millerville Greens Blvd, 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
