Drive-Through Auto
For Sale
$389,000
1201 Gerstner Memorial Dr, Lake Charles, LA 70615
Corner-lot facility with renovated offices, new roll-up doors, and covered exterior workspace.
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$162.08
Days on Market53
Property Features for 1201 Gerstner Memorial Dr
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.50 Acres
Property subtype
Other
Zoning
B
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
3
Amenities
new roll up doors
back awning
Power
Water
Sewer
Building Details
Year Built
1988
Listing Agency:
The Real Estate Brokerage
(337) 888-6646
Listed By:
Bailey Dowden · License #995713394
(337) 888-6646
Source:
Lacdb.resimplifi
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 1:21PM
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 The Real Estate Brokerage
Investment Insights
Based on property information with market context.
This auto shop occupies a half-acre corner parcel with frontage on HWY 14. The 2,400-square-foot facility is currently used as a tire shop and includes office space, three drive-through pits, and roll-up bay doors measuring 14 feet high by 12 feet wide. The office area has been renovated and updated, while the building has received new paint throughout.
An added rear awning provides covered parking or additional workspace. The property is zoned B and has also operated as an automotive shop and car dealership. Its corner position and HWY 14 frontage support continued automotive use or another commercial configuration suited to the existing improvements.
An added rear awning provides covered parking or additional workspace. The property is zoned B and has also operated as an automotive shop and car dealership. Its corner position and HWY 14 frontage support continued automotive use or another commercial configuration suited to the existing improvements.
Key Highlights
- Half‑acre corner property with frontage on HWY 14
- 2,400‑square‑foot auto shop facility
- Three drive‑through pits
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
$21,178
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
5.44%
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%
$423,560
$423.6K
Cap Rate 7%
$302,543
$302.5K
Cap Rate 9%
$235,311
$235.3K
Market Conditions
NOI Build-Up for 2,400 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
$31.7K $13.20/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$30.3K $12.61/SF
− OpEx
−$9.1K −$3.78/SF
NOI
$21.2K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /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%
$423,560
Cap Rate 7%
$302,543
Cap Rate 9%
$235,311
Alternative Uses
Best Use
Retail
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$212.0K
$185.5K – $247.4K
NOI $14,843 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
625
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Peterbilt of Lake Charles
Shops & Services
625 visits/mo
0.4 miles
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gerber Collision & Glass — 3322 Broad St, Lake Charles, LA 70615
- Beamer dynamics — 713 Armstrong St, Lake Charles, LA 70615
- Briley's Paint & Body Shop — 4003 Broad St, Lake Charles, LA 70615
- No Doubt Automotive Plus Llc — 4201 Broad St, Lake Charles, LA 70615
- Peterbilt of Lake Charles — 520 Pamco Rd, Lake Charles, LA 70615
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-lot facility with renovated offices, new roll-up doors, and covered exterior workspace.
Where is this auto shop located?
The property is located at 1201 Gerstner Memorial Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Half‑acre corner property with frontage on HWY 14; 2,400‑square‑foot auto shop facility; Three drive‑through pits
