Car Wash with
For Sale
$400,000
4019 Lasalle St, Mandeville, LA 70471
HC-2-zoned property with an existing car wash and warehouse improvements.
Property Size2,500 SF
Lot Size0.40 Acres
Price / SF$160
Days on Market58
Property Features for 4019 Lasalle St
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.40 Acres
Property subtype
Investment
Zoning
HC-2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
500 SF
Mezzanine
500 SF
Additional Details
Gross Income
$25,200
Amenities
car wash facility
dual access
Building Details
Year Built
1986
Listing Agency:
KPG Realty, LLC
Listed By:
Brent Cordell · License #995690890
(985) 373-6417
Source:
Lacdb.resimplifi
Added: Aug 11
Changed: Sep 14
Last Checked: Oct 5 at 3:09PM
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 KPG Realty, LLC
Investment Insights
Based on property information with market context.
This HC-2 property combines an existing car wash facility with a 2,500 SF warehouse and approximately 500 SF of mezzanine office space. The car wash is currently closed, while the warehouse is leased on a month-to-month basis; utility-inclusive lease economics are omitted. The property encompasses approximately 0.40 acres and includes access from both Lasalle St. and Asbury Dr.
The site is in Mandeville near the Hwy 190, North Causeway, and Hwy 22 commercial corridor. Nearby commercial context includes Target, Whole Foods, HomeGoods, medical facilities, restaurants, and other retail uses. The address is 4019 Lasalle St, Mandeville, LA.
The site is in Mandeville near the Hwy 190, North Causeway, and Hwy 22 commercial corridor. Nearby commercial context includes Target, Whole Foods, HomeGoods, medical facilities, restaurants, and other retail uses. The address is 4019 Lasalle St, Mandeville, LA.
Key Highlights
- Approximately 0.40 acres with HC‑2 zoning
- Existing car wash facility, currently closed
- 2,500 SF warehouse with approximately 500 SF mezzanine office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,069
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,380
$501.4K
Cap Rate 7%
$358,129
$358.1K
Cap Rate 9%
$278,544
$278.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$1.7K −$0.68/SF
EGI
$35.8K $14.33/SF
− OpEx
−$10.7K −$4.30/SF
NOI
$25.1K $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 Rate 5%
$501,380
Cap Rate 7%
$358,129
Cap Rate 9%
$278,544
Alternative Uses
Best Use
Specialty Retail
$638.5K
$558.7K – $744.9K
NOI $44,694 @ 7.0% cap · market cap 11.17%
Second Best
Retail
$358.1K
$313.4K – $417.8K
NOI $25,069 @ 7.0% cap · market cap 6.27%
Theoretical Best
Multifamily LT 5
$26.95M
$23.58M – $31.44M
NOI $1,886,520 @ 7.0% cap · market cap 471.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 70471, LA
23,334
Population
10,341
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
807
Density / Sq Mi
$96,510
Median Household Income
$52,523
Median Earnings
$1,282
Median Rent
$370,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Car wash - HC-2-zoned property with an existing car wash and warehouse improvements.
Where is this car wash located?
The property is located at 4019 Lasalle St Mandeville, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 0.40 acres with HC‑2 zoning; Existing car wash facility, currently closed; 2,500 SF warehouse with approximately 500 SF mezzanine office
