Mid-City Auto Shop
For Sale
$475,900
2526 North Blvd, Baton Rouge, LA 70806
Large building with parking lot in Mid-City location.
Property Size3,476 SF
Price / SF$136.91
Days on Market214
Property Features for 2526 North Blvd
General Information
Standard status
Active
Size
3,476 SF
Listing Agency:
Carlo J Canova Realty
(225) 687-2737
Listed By:
Duane Badeaux
Source:
Larry.agent225
Added: Jan 26
Changed: Aug 27
Last Checked: Aug 28 at 12:36PM
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 Carlo J Canova Realty
Investment Insights
Based on property information with market context.
This property is located in Mid-City and features a large building with a parking lot. It has been the location of an auto repair shop service center since 1934. The property is situated close to downtown on a four-lane North Blvd, providing easy access for business. The parking lot is a notable feature for the Mid-City area. The property is being sold AS IS, and the buyer is responsible for all inspections, surveys, and measurements, as well as zoning compliance.
Key Highlights
- Large building with a parking lot in Mid‑City, a rare find.
- Prime location near downtown and North Blvd with easy access.
- Established location with a history as an auto repair shop since 1934.
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
$23,180
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
4.87%
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%
$463,600
$463.6K
Cap Rate 7%
$331,143
$331.1K
Cap Rate 9%
$257,556
$257.6K
Market Conditions
NOI Build-Up for 3,476 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
$33.8K $9.72/SF
− Vacancy
−$672 −$0.19/SF
EGI
$33.1K $9.53/SF
− OpEx
−$9.9K −$2.86/SF
NOI
$23.2K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /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%
$463,600
Cap Rate 7%
$331,143
Cap Rate 9%
$257,556
Alternative Uses
Best Use
Retail
$777.0K
$679.9K – $906.5K
NOI $54,388 @ 7.0% cap · market cap 11.43%
Second Best
Industrial
$331.1K
$289.8K – $386.3K
NOI $23,180 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$832.5K
$728.4K – $971.2K
NOI $58,273 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 42%
Electronics 6%
Exxon
Shops & Services
10,268 visits/mo
0.5 miles
French Truck Coffee
Dining
8,877 visits/mo
0.4 miles
Circle K
Shops & Services
6,245 visits/mo
0.5 miles
Domino's Pizza
Dining
5,137 visits/mo
0.3 miles
Pizza Hut
Dining
4,505 visits/mo
0.4 miles
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Miller Prime Towing Assistance — 528 Kenmore Ave, Baton Rouge, LA 70806
- Ragusa's Automotive — 2714 Government St, Baton Rouge, LA 70806
- Duplantis Body Shop — baton rouge, la 70806
- Rock-N Towing Service — 1327 Convention St, Baton Rouge, LA 70802
- Good Year — 1391 Convention St, Baton Rouge, LA 70802
Frequently Asked Questions
What type of property is this?
Auto shop - Large building with parking lot in Mid-City location.
Where is this auto shop located?
The property is located at 2526 North Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $475,900.
What are key features of this property?
This property features: Large building with a parking lot in Mid‑City, a rare find.; Prime location near downtown and North Blvd with easy access.; Established location with a history as an auto repair shop since 1934.
