Automatic Express Car
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1308 WINDSOR PL, Alexandria, LA 71303
Operational automatic wash with self-service vacuum stations, dual payment queues, and an on-site office.
Property Size3,282 SF
Lot Size0.52 Acres
Price / SF$205.67
Days on Market5
Property Features for 1308 WINDSOR PL
General Information
Standard status
Active
Size
3,282 SF
Class
C
Lot size
0.52 Acres
Property subtype
Special Purpose
Zoning
C-2
Investment Type
Owner/User
Additional Details
Road Access
Yes
Car Wash Bays
1
Amenities
automatic tunnel wash
self-service vacuum stations
dual payment queues
on-site office
modern payment system
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
Ritchie Real Estate
Listed By:
Matt Ritchie · License #13779
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 6:41AM
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 Ritchie Real Estate
Investment Insights
Based on property information with market context.
The property is an operational automatic express car wash built in 1985. Improvements include an automatic tunnel wash, 12 self-service vacuum stations, dual payment queues, defined entry and exit points, and an on-site office for management and daily operations. The site contains approximately 3,282 square feet within a 22,846-square-foot, 0.52-acre parcel. C-2 Commercial zoning supports the property’s current commercial use.
Located at 1308 Windsor Pl, the property sits just off Jackson Street Extension in Alexandria, Louisiana. Nearby commercial uses include banks, professional offices, medical facilities, and restaurants. The layout provides dedicated circulation through the wash operation, with separate access points for entering and exiting customers.
Located at 1308 Windsor Pl, the property sits just off Jackson Street Extension in Alexandria, Louisiana. Nearby commercial uses include banks, professional offices, medical facilities, and restaurants. The layout provides dedicated circulation through the wash operation, with separate access points for entering and exiting customers.
Key Highlights
- Automatic tunnel wash with 12 self‑service vacuum stations
- Approximately 3,282 square feet on a 22,846‑square‑foot parcel
- 0.52‑acre site with C‑2 Commercial zoning
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
$40,056
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
5.93%
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%
$801,120
$801.1K
Cap Rate 7%
$572,229
$572.2K
Cap Rate 9%
$445,067
$445.1K
Market Conditions
NOI Build-Up for 3,282 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
$55.9K $17.04/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$53.4K $16.27/SF
− OpEx
−$13.4K −$4.07/SF
NOI
$40.1K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$801,120
Cap Rate 7%
$572,229
Cap Rate 9%
$445,067
Alternative Uses
Best Use
Specialty Retail
$572.2K
$500.7K – $667.6K
NOI $40,056 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$564.2K
$493.7K – $658.2K
NOI $39,492 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$904.7K
$791.6K – $1.06M
NOI $63,329 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
416k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 30%
Apparel 12%
Groceries 12%
Kroger
Groceries
51,033 visits/mo
0.2 miles
Texas Roadhouse
Dining
44,153 visits/mo
0.3 miles
Chick-fil-A
Dining
34,096 visits/mo
0.3 miles
Burlington
Apparel
29,561 visits/mo
0.3 miles
McDonald's
Dining
26,902 visits/mo
0.4 miles
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Operational automatic wash with self-service vacuum stations, dual payment queues, and an on-site office.
Where is this car wash located?
The property is located at 1308 WINDSOR PL Alexandria, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Automatic tunnel wash with 12 self‑service vacuum stations; Approximately 3,282 square feet on a 22,846‑square‑foot parcel; 0.52‑acre site with C‑2 Commercial zoning
