Self-Serve Car Wash
For Sale
$145,000
2212 BOLTON Avenue, Alexandria, LA 71303
Self-serve car wash on about 0.74 acres, described as designed for convenient access and traffic flow.
Property Size1,000 SF
Lot Size0.74 Acres
Price / SF$145
Days on Market383
Property Features for 2212 BOLTON Avenue
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.74 Acres
Property subtype
General Commercial
Additional Details
Business Included
Yes
Amenities
3
Comm.
No Parking.
Rectangular
90x350
Rectangular.
Building Details
Year Built
1998
Listing Agency:
IMAGE ONE REALTY LLC
(318) 473-8344
Listed By:
AMY DODGE · License #995683509
Source:
Xome
Added: Aug 12, 2025
Changed: Aug 25
Last Checked: Aug 28 at 7:32AM
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 IMAGE ONE REALTY LLC
Investment Insights
Based on property information with market context.
This property is a self-serve car wash for sale in Alexandria, configured for customers to wash vehicles independently. The listing notes the self-serve setup as a way to keep operating overhead manageable for a flexible ownership structure.
The site is approximately 0.74 acres and is described as providing plenty of space for easy access, smooth traffic flow, and strong visibility. The property is located at 2212 N Bolton Ave, Alexandria, LA.
The site is approximately 0.74 acres and is described as providing plenty of space for easy access, smooth traffic flow, and strong visibility. The property is located at 2212 N Bolton Ave, Alexandria, LA.
Key Highlights
- Self‑serve car wash property in Alexandria
- Approx. 0.74 acres, offering space for convenient access
- Designed to support smooth traffic flow and strong visibility
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
$12,205
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
8.42%
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%
$244,100
$244.1K
Cap Rate 7%
$174,357
$174.4K
Cap Rate 9%
$135,611
$135.6K
Market Conditions
NOI Build-Up for 1,000 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
$17.0K $17.04/SF
− Vacancy
−$767 −$0.77/SF
EGI
$16.3K $16.27/SF
− OpEx
−$4.1K −$4.07/SF
NOI
$12.2K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$244,100
Cap Rate 7%
$174,357
Cap Rate 9%
$135,611
Alternative Uses
Best Use
Specialty Retail
$174.4K
$152.6K – $203.4K
NOI $12,205 @ 7.0% cap · market cap 8.42%
Second Best
Retail
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$275.7K
$241.2K – $321.6K
NOI $19,296 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Hotels & Casinos 7%
Dollar General
Shops & Services
8,302 visits/mo
0.1 miles
Super 8
Hotels & Casinos
628 visits/mo
0.2 miles
Safelite AutoGlass
Shops & Services
562 visits/mo
0.5 miles
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 - Self-serve car wash on about 0.74 acres, described as designed for convenient access and traffic flow.
Where is this self service car wash located?
The property is located at 2212 BOLTON Avenue Alexandria, LA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Self‑serve car wash property in Alexandria; Approx. 0.74 acres, offering space for convenient access; Designed to support smooth traffic flow and strong visibility
