Building Details

Buildings 1

Construction metal building

Listing Agency: Mandeville k***@kw.com Show Phone

Listed By: Kiley Thiel · License #995688151 Show Phone

Source: Kw

Added: Mar 9 Changed: Aug 29 Last Checked: Aug 29 at 4:40PM

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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 Mandeville

Investment Insights

Based on property information with market context.

This auto shop property includes a 2,500-square-foot metal building with a 25-foot ceiling and electrical service. The structure is currently used as a body shop and sits toward the back of a 1.55-acre parcel. The property is zoned residential, with the front portion designated for a home to be built or placed there.

Natural gas, phone, and water are available to the property. The sale does not include the frame machine, vehicle lift, brown building, or cargo container.

Key Highlights

• 2,500‑square‑foot metal building with a 25‑foot ceiling
• Located on 1.55 acres at 45269 Coleman Road, Robert, LA 70455
• Currently used as a body shop

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

$10,568

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

6.04%

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%

$211,360 $211.4K

Cap Rate 7%

$150,971 $151.0K

Cap Rate 9%

$117,422 $117.4K

Market Conditions

NOI Build-Up for 2,500 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

$16.5K $6.60/SF

− Vacancy

−$1.4K −$0.56/SF

EGI

$15.1K $6.04/SF

− OpEx

−$4.5K −$1.81/SF

NOI

$10.6K $4.23/SF

Area

Tangipahoa County, LA

Vacancy

8.50%

Lease Rate

$6.60 /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%

$211,360

Cap Rate 7%

$150,971

Cap Rate 9%

$117,422

Alternative Uses

Best Use

Retail

$358.1K

$313.4K – $417.8K (±1% cap)

NOI $25,069 @ 7.0% cap · market cap 14.33%

Second Best

Industrial

$151.0K

$132.1K – $176.1K (±1% cap)

NOI $10,568 @ 7.0% cap · market cap 6.04%

Theoretical Best

Office A

$689.2K

$603.0K – $804.0K (±1% cap)

NOI $48,241 @ 7.0% cap · market cap 27.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Buford Auto Body ... Auto Repair Shop

Suggested Use

Top Pick Furniture & Home Goods Hair Salon Auto Parts Store Grocery & Convenience Store Daycare Center Pharmacy

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

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

8k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

7,974 visits/mo 0.5 miles

Demographics for 70455, LA

2,017

Population

1,219

Households

1.7

Avg Household Size

36

Median Age

13%

College-Educated

81%

High-School Grad

22.5 sq mi

ZIP Area

90

Density / Sq Mi

$54,720

Median Household Income

$58,797

Median Earnings

$189,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• C.A.R.S. by Tito — 44349 LA-445, Robert, LA 70455
• Holmes Diesel Repair, LLC — 45348 Riverside Heights Rd, Robert, LA 70455
• Robert Station — 23231 U.S. Hwy 190, Robert, LA 70455
• Buford Auto Body and Paint — 45269 Coleman Rd, Robert, LA 70455
• Robert Tire Shop — 45114 LA-445, Robert, LA 70455

Frequently Asked Questions

What type of property is this?

Auto shop - Metal commercial building with electrical service on a residentially zoned acreage parcel.

Where is this auto shop located?

The property is located at 45269 COLEMAN Road Robert, LA.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 2,500‑square‑foot metal building with a 25‑foot ceiling; Located on 1.55 acres at 45269 Coleman Road, Robert, LA 70455; Currently used as a body shop