4228 Touro Street, New Orleans, LA 70122

Building Details

Year Built 1941 More

Stories 1 More

Listing Agency: Engel & Volkers Slidell - Mand s***@engelvoelkers.com Show Phone

Listed By: Carol M Richard · License #50129 Show Phone

Source: Cypresskeyrealty

Added: Apr 28, 2025 Changed: Nov 3 Last Checked: Nov 7 at 2:58AM

Report an Issue

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 Engel & Volkers Slidell - Mand

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This automotive property includes two auto shops, with a combined property size of 2,240 square feet. The shops are rented on month-to-month terms. The property also includes two vacant lots and a house described as likely requiring demolition. Zoning is S-RS.

Key Highlights

• Two auto shops with a combined property size of 2,240 square feet
• Both shops are rented month to month
• Includes two vacant lots

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,406

Cap Rate

6.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,120 $268.1K

Cap Rate 7%

$191,514 $191.5K

Cap Rate 9%

$148,956 $149.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,240 SF

Gross rent

$20.2K $9.00/SF

− Vacancy

−$1.0K −$0.45/SF

EGI

$19.2K $8.55/SF

− OpEx

−$5.7K −$2.56/SF

NOI

$13.4K $5.98/SF

Area

ZIP 70122

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%

$268,120

Cap Rate 7%

$191,514

Cap Rate 9%

$148,956

Alternative Uses

Best Use

Retail

$490.3K

$429.0K – $572.0K (±1% cap)

NOI $34,320 @ 7.0% cap · market cap 16.34%

Second Best

Industrial

$191.5K

$167.6K – $223.4K (±1% cap)

NOI $13,406 @ 7.0% cap · market cap 6.38%

Theoretical Best

Office A

$586.1K

$512.9K – $683.8K (±1% cap)

NOI $41,030 @ 7.0% cap · market cap 19.54%

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

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

730

Businesses Nearby

51k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Apparel 11% Electronics 10% Dining 10%

Family Dollar Shops & Services

16,906 visits/mo 0.2 miles

Regions Bank Shops & Services

8,580 visits/mo 0.3 miles

Pizza Hut Dining

4,881 visits/mo 0.2 miles

Rainbow Apparel

3,088 visits/mo 0.3 miles

Whitney Bank Shops & Services

2,483 visits/mo 0.4 miles

Demographics for 70122, LA

34,986

Population

17,131

Households

2

Avg Household Size

39

Median Age

37%

College-Educated

89%

High-School Grad

6.3 sq mi

ZIP Area

5,553

Density / Sq Mi

$47,613

Median Household Income

$38,248

Median Earnings

$1,196

Median Rent

$274,700

Median Home Value

Market

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019

7.2% 2020

5.7% 2021

4.3% 2022

3.6% 2023

3.9% 2024

6.3% 2025

Similar For Sale Nearby

See more

Auto Service Shop with Equipment

3728 Downman Road, New Orleans, LA 70126

$350,000

2,166 SF

View details

Urban Flex Space with Secured Yard

213 N Galvez St, New Orleans, LA 70119

$495,000

3,172 SF

View details

Automotive Property with Repair Shop

718 N Broad St, New Orleans, LA 70119

$825,000

1,736 SF

View details

Mixed-Use Commercial Building

3232 General Meyer Boulevard, New Orleans, LA 70114

$559,000

4,722 SF

View details

Corner Auto Shop with Workshop

1839-41 Elysian Fields Ave, New Orleans, LA 70117

$269,900

395 SF

View details

Two-Unit Office Condominium

10555 LAKE FOREST Boulevard, New Orleans, LA 70127

$220,000

2,400 SF

View details

Daycare Center with Playgrounds

1539 BARTHOLOMEW Street, New Orleans, LA 70117

$240,000

1,930 SF

View details

Triplex with Private Outdoor Space

633 S DUPRE Street, New Orleans, LA 70119

$500,000

2,178 SF

View details

Renovated Corner Storefront

8501 Apple Street, New Orleans, LA 70118

$385,000

2,024 SF

View details

Four-Unit Apartment Building

2321/23 CHARTRES Street, New Orleans, LA 70117

$575,000

2,348 SF

View details

Four-Bedroom Duplex with Porch

2230 Constance Street, New Orleans, LA 70130

$900,000

2,272 SF

View details

Duplex with Covered Porch

3020 LAUREL Street, New Orleans, LA 70115

$525,000

2,012 SF

View details

Similar Off Market Nearby

• Auto World — 3622 Paris Ave, New Orleans, LA 70122
• Gentilly Auto Glass and Tint — 3622 Paris Ave, New Orleans, LA 70122
• A-1 Auto Tire Repair-Car Wash — 3745 Frenchmen St, New Orleans, LA 70122
• Central Mustang & Auto Repairs — 4226 Touro St, New Orleans, LA 70122
• Expresslane Automotive — Paris Ave, New Orleans, LA 70122

Frequently Asked Questions

What type of property is this?

Auto shop - Two automotive shops are occupied under month-to-month rental arrangements, with two vacant lots included.

Where is this auto shop located?

The property is located at 4228 Touro Street New Orleans, LA.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Two auto shops with a combined property size of 2,240 square feet; Both shops are rented month to month; Includes two vacant lots