Single-Tenant Auto
New
For Sale
$700,000
1630 Louisville Ave, Monroe, LA 71201
Firestone tire and service operations have been established at the property since 1967.
Property Size7,998 SF
Days on Market2
Property Features for 1630 Louisville Ave
General Information
Standard status
Active
Size
7,998 SF
Property subtype
Single-Tenant NNN Firestone Tire's Investment
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
In-Place Lease Type
NNN
Current Tenants
Firestone
Real Estate Included
Yes
Additional Details
Cap Rate
5.8%
Automotive Uses
auto repair, tire service
Building Details
Building Size
7,998 SF
Tenancy
Single
Listing Agency:
Faulk & Foster Real Estate Services
Listed By:
JW Perry · License #0995683525
(318) 381-0301
Source:
Naiglobal
Added: Oct 23
Last Checked: Oct 23 at 3:49PM
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 Faulk & Foster Real Estate Services
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Investment Insights
Based on property information with market context.
This single-tenant auto shop is occupied by Firestone Complete Auto Care, with tire and service operations at the site dating to 1967. A TPO roof covers the store area, and the garage and half of the warehouse received a new roof in 2020. The NNN arrangement leaves the landlord primarily responsible for the roof and structure. The going-in cap rate is 5.8%.
At 1630 Louisville Ave, the property has frontage along US Hwy 80 and sits near the Louisville Avenue and North 18th Street commercial intersection. I-20 is approximately one mile away. The surrounding corridor includes automotive, retail, office, banking, and service businesses.
At 1630 Louisville Ave, the property has frontage along US Hwy 80 and sits near the Louisville Avenue and North 18th Street commercial intersection. I-20 is approximately one mile away. The surrounding corridor includes automotive, retail, office, banking, and service businesses.
Key Highlights
- Firestone tire and service use at the site dates to 1967
- Single‑tenant NNN arrangement; landlord responsibility is primarily roof and structure
- 5.8% going‑in cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,394
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,880
$807.9K
Cap Rate 7%
$577,057
$577.1K
Cap Rate 9%
$448,822
$448.8K
Market Conditions
NOI Build-Up for 7,998 SF
Gross rent
$62.4K $7.80/SF
− Vacancy
−$4.7K −$0.59/SF
EGI
$57.7K $7.22/SF
− OpEx
−$17.3K −$2.16/SF
NOI
$40.4K $5.05/SF
Area
Ouachita County, LA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,880
Cap Rate 7%
$577,057
Cap Rate 9%
$448,822
Alternative Uses
Best Use
Retail
$3.14M
$2.74M – $3.66M
NOI $219,473 @ 7.0% cap · market cap 31.35%
Second Best
Industrial
$577.1K
$504.9K – $673.2K
NOI $40,394 @ 7.0% cap · market cap 5.77%
Theoretical Best
Multifamily LT 5
$86.15M
$75.38M – $100.51M
NOI $6,030,445 @ 7.0% cap · market cap 861.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
98k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 36%
Apparel 13%
Home Improvements & Furnishings 3%
Dollar Tree
Shops & Services
20,522 visits/mo
0.4 miles
Wendy's
Dining
17,281 visits/mo
0.3 miles
PJ's Coffee of New Orleans
Dining
10,462 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
10,032 visits/mo
0.3 miles
Van Trow Toyota
Shops & Services
9,097 visits/mo
0.4 miles
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
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 South region
Similar Off Market Nearby
- Formula Detailing — 510 N 3rd St, Monroe, LA 71201
- Reynolds Body Works — 605 Washington St, Monroe, LA 71201
- Mitchell's Body & Frame — 705 Washington St, Monroe, LA 71201
- Twin city custom automotive llc — 200 Hudson Ln, Monroe, LA 71201
- Ouachita Auto Glass — 300 louisville ave, monroe, la 71201
Frequently Asked Questions
What type of property is this?
Auto shop - Firestone tire and service operations have been established at the property since 1967.
Where is this auto shop located?
The property is located at 1630 Louisville Ave Monroe, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Firestone tire and service use at the site dates to 1967; Single‑tenant NNN arrangement; landlord responsibility is primarily roof and structure; 5.8% going‑in cap rate
