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    Former Auto Dealership With Parking Title is generated by Realmo AI

    2002 Main, Logansport, LA 71049

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    Claim this Listing
    For Sale
    $595,000

    SINGLE_FAMILY - Logansport, LA

    Type:Retail
    Lot size:
    7.08 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    106
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for 2002 Main

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    0801269567
    Lot size
    7.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Russell Adams

    Listing agent Russell Adams License #0000059405

    Listing office Berkshire Hathaway HomeServices Ally Real Estate Bossier City, LA

    Listing date Feb 16, 2026

    MLS# 20606601

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former Ford Dealership building built in 1976, previously a one‑owner facility
    • 7‑acre property on Main Street in historic Logansport, LA with a large well‑lit parking lot
    • Metal roof and metal siding construction with concrete flooring
    • Central heating and central air; natural gas utilities
    • Public water and public sewer service available
    • Includes a digital phone system with voicemail and a 12‑camera video surveillance system

    Overview

    This well-maintained former Ford Dealership facility, built in 1976 by lifelong Logansport resident Wayne Adams, is now available for new ownership. The building has been cared for as a one-owner property and is described as ready to reopen. It includes a digital phone system with voicemail and a 12-camera video surveillance system, supporting day-to-day operations and added security. Set up to support customer-facing activity, the property also offers a large, well-lit parking lot.

    Located on Main Street in historic Logansport, Louisiana, the property is positioned to deliver convenient access for customers in a central town setting. The site is approximately seven acres, providing significant outdoor space not only for parking, but also for business growth and exploring additional opportunities tied to the extra acreage.

    The facility is a strong fit for buyers seeking a ready-to-operate automotive retail or service location. The seller notes it could be reopened quickly as a dealership selling automobiles, boats, RVs, ATVs, tractors, construction equipment, and more. It also works well for service companies looking for a practical site with ample room and easy customer access, with the added benefit of infrastructure and security systems already included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adams Ford Co ... Auto Repair Shop Adams Ford Co ... Auto Parts Store

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Grocery & Convenience Store HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Logansport
    County
    De Soto
    State
    Louisiana
    Longitude
    -93.985675
    Latitude
    31.976093

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    FAQs

    What type of property is this?
    Showroom - Well-maintained former Ford dealership on Main Street with ample, well-lit parking and room to expand for automotive or service uses.
    Where is this showroom located?
    The property is located at 2002 Main Logansport, LA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Former Ford Dealership building built in 1976, previously a one‑owner facility; 7‑acre property on Main Street in historic Logansport, LA with a large well‑lit parking lot; Metal roof and metal siding construction with concrete flooring
    (318) 231-2000
    We can help!
    Listing Contact
    Russell Adams
    Real Estate License ID: 0000059405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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