Two-Shop Automotive
For Sale
$210,000
4228 Touro Street, New Orleans, LA 70122
Two automotive shops are occupied under month-to-month rental arrangements, with two vacant lots included.
Property Size2,240 SF
Price / SF$93.75
Days on Market546
Property Features for 4228 Touro Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Commercial
Zoning
S-RS
Site & Location
Neighborhood
Dillard
Additional Details
Automotive Uses
auto repair
Tenant in Place
Yes
Building Details
Building Size
2,240 SF
Year Built
1941
Stories
1
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Apr 28, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:21PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This automotive property includes two auto shops, with a combined property size of 2,240 square feet. The shops are rented on month-to-month terms. The property also includes two vacant lots and a house described as likely requiring demolition. Zoning is S-RS.
Key Highlights
- Two auto shops with a combined property size of 2,240 square feet
- Both shops are rented month to month
- Includes two vacant lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,406
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,120
$268.1K
Cap Rate 7%
$191,514
$191.5K
Cap Rate 9%
$148,956
$149.0K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$20.2K $9.00/SF
− Vacancy
−$1.0K −$0.45/SF
EGI
$19.2K $8.55/SF
− OpEx
−$5.7K −$2.56/SF
NOI
$13.4K $5.98/SF
Area
ZIP 70122
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,120
Cap Rate 7%
$191,514
Cap Rate 9%
$148,956
Alternative Uses
Best Use
Retail
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 16.34%
Second Best
Industrial
$191.5K
$167.6K – $223.4K
NOI $13,406 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$586.1K
$512.9K – $683.8K
NOI $41,030 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Apparel 11%
Electronics 10%
Dining 10%
Family Dollar
Shops & Services
16,906 visits/mo
0.2 miles
Regions Bank
Shops & Services
8,580 visits/mo
0.3 miles
Pizza Hut
Dining
4,881 visits/mo
0.2 miles
Rainbow
Apparel
3,088 visits/mo
0.3 miles
Whitney Bank
Shops & Services
2,483 visits/mo
0.4 miles
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Similar Off Market Nearby
- Auto World — 3622 Paris Ave, New Orleans, LA 70122
- Gentilly Auto Glass and Tint — 3622 Paris Ave, New Orleans, LA 70122
- A-1 Auto Tire Repair-Car Wash — 3745 Frenchmen St, New Orleans, LA 70122
- Central Mustang & Auto Repairs — 4226 Touro St, New Orleans, LA 70122
- Expresslane Automotive — Paris Ave, New Orleans, LA 70122
Frequently Asked Questions
What type of property is this?
Auto shop - Two automotive shops are occupied under month-to-month rental arrangements, with two vacant lots included.
Where is this auto shop located?
The property is located at 4228 Touro Street New Orleans, LA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two auto shops with a combined property size of 2,240 square feet; Both shops are rented month to month; Includes two vacant lots
