Signalized-Corner Self-Service Car
For Sale
$410,000
58401 Tyler St, Slidell, LA 70461
Established automotive service property with multiple wash bays, vacuum stations, and water and sewer connections.
Property Size1,871 SF
Price / SF$219.13
Days on Market574
Property Features for 58401 Tyler St
General Information
Standard status
Active
Size
1,871 SF
Property subtype
Retail
Zoning
COMMERCIAL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Amenities
vacuum stations
Water
Sewer
Building Details
Buildings
1
Listing Agency:
ABEK Real Estate
(985) 774-9699
Listed By:
Jeffrey Haik
(985) 774-9699
Source:
Lacdb.resimplifi
Added: Feb 2, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:41PM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This self-service car wash includes fee-simple ownership of the land and improvements, multiple wash bays, vacuum stations, and mechanical infrastructure. The property also contains an approximately 1,800-square-foot building that can be converted for a small quick-service restaurant, coffee shop, doughnut shop, or pizza concept. Commercial zoning supports its existing use and related commercial possibilities.
Located at 58401 Tyler St in Slidell, the site occupies a signalized hard corner within a retail area anchored by Super Walmart and Lowe’s, with a Murphy gas station and Sherwin Williams also identified nearby. Concrete paving and curb cuts are already in place, along with active water and sewer service for the car wash.
Located at 58401 Tyler St in Slidell, the site occupies a signalized hard corner within a retail area anchored by Super Walmart and Lowe’s, with a Murphy gas station and Sherwin Williams also identified nearby. Concrete paving and curb cuts are already in place, along with active water and sewer service for the car wash.
Key Highlights
- Self‑service car wash with multiple wash bays and vacuum stations
- Approximately 1,800‑square‑foot building with potential for small QSR conversion
- Signalized hard‑corner location at 58401 Tyler St, Slidell, LA 70461
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
$33,449
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
8.16%
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%
$668,980
$669.0K
Cap Rate 7%
$477,843
$477.8K
Cap Rate 9%
$371,656
$371.7K
Market Conditions
NOI Build-Up for 1,871 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
$46.7K $24.96/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$44.6K $23.84/SF
− OpEx
−$11.1K −$5.96/SF
NOI
$33.4K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /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%
$668,980
Cap Rate 7%
$477,843
Cap Rate 9%
$371,656
Alternative Uses
Best Use
Specialty Retail
$477.8K
$418.1K – $557.5K
NOI $33,449 @ 7.0% cap · market cap 8.16%
Second Best
Retail
$268.0K
$234.5K – $312.7K
NOI $18,761 @ 7.0% cap · market cap 4.58%
Theoretical Best
Multifamily LT 5
$20.17M
$17.65M – $23.53M
NOI $1,411,872 @ 7.0% cap · market cap 344.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
796k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 20%
Superstores 13%
Home Improvements & Furnishings 10%
Walmart
Superstores
105,193 visits/mo
0.2 miles
Chick-fil-A
Dining
63,358 visits/mo
0.3 miles
Rouses Market
Groceries
58,803 visits/mo
0.4 miles
RaceTrac
Shops & Services
45,698 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
43,432 visits/mo
0.3 miles
Demographics for 70461, LA
30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
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?
Self service car wash - Established automotive service property with multiple wash bays, vacuum stations, and water and sewer connections.
Where is this self service car wash located?
The property is located at 58401 Tyler St Slidell, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Self‑service car wash with multiple wash bays and vacuum stations; Approximately 1,800‑square‑foot building with potential for small QSR conversion; Signalized hard‑corner location at 58401 Tyler St, Slidell, LA 70461
