Auto Service Shop with
3728 Downman Road, New Orleans, LA 70126
For Sale
$350,000
The building has two overhead doors and service bays, with shop equipment included in the sale.
Property Size2,166 SF
Lot Size0.09 Acres
Price / SF$161.59
Days on Market300
Property Features for 3728 Downman Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Atlas Real Estate Company, LLC
(504) 399-4663
Listed By:
Debra R Vititoe · License #000004122
(985) 707-5170
Source:
Cypresskeyrealty
Added: Jan 12
Changed: Nov 7
Last Checked: Nov 7 at 1:15PM
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 Atlas Real Estate Company, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,166-square-foot auto service property was built in 1964 and occupies a 4,080-square-foot parcel. Two overhead doors serve the service bays. Equipment remaining with the property includes a compressor, strut spring machine, engine hoist, pressure washer, welder, wheel balancer, tire changer, A/C recycler, chain hoist, and boat lift. Some personal items are excluded.
Key Highlights
- 2,166‑square‑foot building on a 4,080‑square‑foot parcel
- Two overhead doors serving service bays
- Equipment includes compressor, strut spring machine, engine hoist, pressure washer, welder, wheel balancer, tire changer, A/C recycler, chain hoist, and boat lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,964
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,280
$259.3K
Cap Rate 7%
$185,200
$185.2K
Cap Rate 9%
$144,044
$144.0K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$19.5K $9.00/SF
− Vacancy
−$975 −$0.45/SF
EGI
$18.5K $8.55/SF
− OpEx
−$5.6K −$2.56/SF
NOI
$13.0K $5.98/SF
Area
ZIP 70126
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,280
Cap Rate 7%
$185,200
Cap Rate 9%
$144,044
Alternative Uses
Best Use
Retail
$489.1K
$427.9K – $570.6K
NOI $34,235 @ 7.0% cap · market cap 9.78%
Second Best
Industrial
$185.2K
$162.1K – $216.1K
NOI $12,964 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$568.1K
$497.1K – $662.8K
NOI $39,768 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Hotels & Casinos 17%
Dining 14%
Electronics 11%
Shell
Shops & Services
5,293 visits/mo
0.2 miles
U-Haul
Shops & Services
2,571 visits/mo
0.4 miles
Super 8 New Orleans
Hotels & Casinos
2,301 visits/mo
0.5 miles
Domino's Pizza
Dining
1,831 visits/mo
0.3 miles
Boost Mobile
Electronics
1,506 visits/mo
0.5 miles
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Similar Off Market Nearby
- EMD — 3800 Alvar St, New Orleans, LA 70126
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- NOLA Mobile Truck Repair — 4020 metropolitan st, new orleans, la 70126
- Frederick Wilson Towing Co Inc — 4500 Almonaster Ave, New Orleans, LA 70126
Frequently Asked Questions
What type of property is this?
Auto shop - The building has two overhead doors and service bays, with shop equipment included in the sale.
Where is this auto shop located?
The property is located at 3728 Downman Road New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,166‑square‑foot building on a 4,080‑square‑foot parcel; Two overhead doors serving service bays; Equipment includes compressor, strut spring machine, engine hoist, pressure washer, welder, wheel balancer, tire changer, A/C recycler, chain hoist, and boat lift
