One-Stall Car Wash
For Sale
$49,500
2006 AIRBASE Road, Alexandria, LA 71303
Fully equipped one-stall car wash with vacuum system, pressure washer, and covered concrete pad.
Property Size610 SF
Price / SF$81.15
Days on Market373
Property Features for 2006 AIRBASE Road
General Information
Standard status
Active
Size
610 SF
Property subtype
General Commercial
Additional Details
Service Bays
1
Amenities
vacuum system
overhead fan
pressure washer
commercial sewer system
catch drain
attached storage building
covered concrete pad
3
C-1
2 Carports.
Rectangular
100x75x100x75
Rectangular.
Building Details
Year Built
2016
Listing Agency:
RITCHIE REAL ESTATE
Listed By:
Matthew Ritchie · License #0000013779
(318) 449-8919
Source:
Xome
Added: Aug 31, 2025
Changed: Sep 1
Last Checked: Sep 7 at 5:14AM
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 RITCHIE REAL ESTATE
Investment Insights
Based on property information with market context.
This fully equipped one-stall car wash includes a vacuum system, overhead fan, and pressure washer. The setup is designed with a commercial sewer system and catch drain to support wash operations, and it features an attached storage building for supplies or equipment.
The property also includes an expansive covered concrete pad, providing a defined working area for vehicle washing and detailing.
For buyers looking for an auto detailing-oriented site, the included wash and support infrastructure is already in place for continued operation.
The property also includes an expansive covered concrete pad, providing a defined working area for vehicle washing and detailing.
For buyers looking for an auto detailing-oriented site, the included wash and support infrastructure is already in place for continued operation.
Key Highlights
- Fully equipped one‑stall car wash with vacuum system, overhead fan, and pressure washer
- Designed with a commercial sewer system and catch drain
- Expansive covered concrete pad for use with wash/detailing operations
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
$3,773
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
7.62%
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%
$75,460
$75.5K
Cap Rate 7%
$53,900
$53.9K
Cap Rate 9%
$41,922
$41.9K
Market Conditions
NOI Build-Up for 610 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
$5.8K $9.48/SF
− Vacancy
−$393 −$0.64/SF
EGI
$5.4K $8.84/SF
− OpEx
−$1.6K −$2.65/SF
NOI
$3.8K $6.18/SF
Area
Rapides County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$75,460
Cap Rate 7%
$53,900
Cap Rate 9%
$41,922
Alternative Uses
Best Use
Specialty Retail
$106.4K
$93.1K – $124.1K
NOI $7,445 @ 7.0% cap · market cap 15.04%
Second Best
Retail
$104.9K
$91.8K – $122.3K
NOI $7,340 @ 7.0% cap · market cap 14.83%
Theoretical Best
Office A
$168.2K
$147.1K – $196.2K
NOI $11,771 @ 7.0% cap · market cap 23.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
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 - Fully equipped one-stall car wash with vacuum system, pressure washer, and covered concrete pad.
Where is this self service car wash located?
The property is located at 2006 AIRBASE Road Alexandria, LA.
What is the asking price?
The asking price for this property is $49,500.
What are key features of this property?
This property features: Fully equipped one‑stall car wash with vacuum system, overhead fan, and pressure washer; Designed with a commercial sewer system and catch drain; Expansive covered concrete pad for use with wash/detailing operations
