Building Details

Year Built 1990

Listing Agency: Victorious Realty

Listed By: Ashley Walker Show Phone

Source: Lacdb.resimplifi

Added: Sep 11 Changed: Oct 13 Last Checked: Oct 16 at 5:52AM

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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 Victorious Realty

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Investment Insights

Based on property information with market context.

This 1,000-square-foot car wash was built in 1990 and is no longer operating. The existing structure requires a full rehabilitation. Water and electrical service are available at the property, which carries NZ zoning.

Key Highlights

• Decommissioned car wash
• 1,000‑square‑foot property
• Existing structure requires a full rehabilitation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,115

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$222,300 $222.3K

Cap Rate 7%

$158,786 $158.8K

Cap Rate 9%

$123,500 $123.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$15.6K $15.60/SF

− Vacancy

−$780 −$0.78/SF

EGI

$14.8K $14.82/SF

− OpEx

−$3.7K −$3.70/SF

NOI

$11.1K $11.11/SF

Area

De Soto County, LA

Vacancy

5.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$222,300

Cap Rate 7%

$158,786

Cap Rate 9%

$123,500

Alternative Uses

Best Use

Specialty Retail

$158.8K

$138.9K – $185.3K (±1% cap)

NOI $11,115 @ 7.0% cap · market cap 7.41%

Second Best

Retail

$141.6K

$123.9K – $165.2K (±1% cap)

NOI $9,912 @ 7.0% cap · market cap 6.61%

Theoretical Best

Office A

$211.1K

$184.7K – $246.2K (±1% cap)

NOI $14,774 @ 7.0% cap · market cap 9.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Car washes

Suggested Use

Top Pick Hair Salon Spa & Massage Center Auto Parts Store Building Supply Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

Explore this area Business Placement

Demographics for 71052, LA

9,409

Population

4,579

Households

2.1

Avg Household Size

41

Median Age

6%

College-Educated

78%

High-School Grad

319.9 sq mi

ZIP Area

29

Density / Sq Mi

$34,661

Median Household Income

$26,207

Median Earnings

$694

Median Rent

$92,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Car wash - The site retains connections for water service and electricity, while the existing structure requires substantial work.

Where is this car wash located?

The property is located at 155 Oak Hill Rd South Mansfield, LA.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Decommissioned car wash; 1,000‑square‑foot property; Existing structure requires a full rehabilitation