Auto Shop with Drive-Through
For Sale
$425,000
307 Fremaux Ave, Slidell, LA 70458
Concrete-floor service facility with multiple bays, office space, storage areas, and customer parking access.
Property Size1,675 SF
Price / SF$253.73
Days on Market9
Property Features for 307 Fremaux Ave
General Information
Standard status
Active
Size
1,675 SF
Additional Details
Road Access
Yes
Drive-In Doors
2
Service Bays
3
Amenities
concrete flooring
covered bay
office with A/C
storage areas
Building Details
Buildings
1
Construction
metal building
Listing Agency:
Camellia City Realty & Property Management, Inc.
(985) 290-7163
Listed By:
Wendy Hinton · License #995684582
Source:
Dominionplace
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 30 at 8:37PM
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 Camellia City Realty & Property Management, Inc.
Investment Insights
Based on property information with market context.
This 1,675-square-foot auto shop features concrete flooring, two drive-through bays, and an additional bay for service or related commercial operations. The building also includes a small air-conditioned office and two storage areas that may support office, kitchen, or shared-use functions. A covered section at one bay provides sheltered workspace.
Located at 307 Fremaux Ave in Slidell, the property includes customer parking space and two points of access, with entrances from Fremaux Avenue and Sgt. Alford Road. The building is suited to automotive service and other commercial applications supported by its bay configuration, office component, storage, and access layout. Moveable and personal property is excluded from the sale.
Located at 307 Fremaux Ave in Slidell, the property includes customer parking space and two points of access, with entrances from Fremaux Avenue and Sgt. Alford Road. The building is suited to automotive service and other commercial applications supported by its bay configuration, office component, storage, and access layout. Moveable and personal property is excluded from the sale.
Key Highlights
- 1,675‑square‑foot auto shop
- Two drive‑through bays plus an additional bay
- Small office with air conditioning
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
$16,796
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
3.95%
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%
$335,920
$335.9K
Cap Rate 7%
$239,943
$239.9K
Cap Rate 9%
$186,622
$186.6K
Market Conditions
NOI Build-Up for 1,675 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
$25.1K $15.00/SF
− Vacancy
−$1.1K −$0.68/SF
EGI
$24.0K $14.33/SF
− OpEx
−$7.2K −$4.30/SF
NOI
$16.8K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /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%
$335,920
Cap Rate 7%
$239,943
Cap Rate 9%
$186,622
Alternative Uses
Best Use
Retail
$239.9K
$210.0K – $279.9K
NOI $16,796 @ 7.0% cap · market cap 3.95%
Second Best
Flex RnD
$226.1K
$197.8K – $263.8K
NOI $15,825 @ 7.0% cap · market cap 3.72%
Theoretical Best
Multifamily LT 5
$18.06M
$15.80M – $21.07M
NOI $1,263,968 @ 7.0% cap · market cap 297.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Concrete-floor service facility with multiple bays, office space, storage areas, and customer parking access.
Where is this auto shop located?
The property is located at 307 Fremaux Ave Slidell, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,675‑square‑foot auto shop; Two drive‑through bays plus an additional bay; Small office with air conditioning
