Auto Shop on
For Sale
$850,000
6100 THIRD Street, Alexandria, LA 71301
Commercial property includes a building, parking, driveway, and 34 acres in Alexandria.
Property Size5,142 SF
Price / SF$165.31
Days on Market493
Property Features for 6100 THIRD Street
General Information
Standard status
Active
Size
5,142 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Amenities
3
Com
Parking.
Driveway, Lot.
34 acres
Acreage.
Listing Agency:
LATTER AND BLUM Central Realty LLC
(318) 613-0618
Listed By:
Mary Flournoy · License #995689395
(318) 613-0618
Source:
Xome
Added: Apr 27, 2025
Changed: Aug 30
Last Checked: Aug 31 at 3:21PM
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 LATTER AND BLUM Central Realty LLC
Investment Insights
Based on property information with market context.
This commercial auto shop property includes land and a building on a 34-acre parcel. The site also features parking, a driveway, and an on-site lot. No equipment is included with the sale.
The property is located at 6100 Third Street in Alexandria, Louisiana. Its combination of an existing commercial building, substantial acreage, and vehicle-oriented site features supports continued automotive use or evaluation for other commercial applications.
The property is located at 6100 Third Street in Alexandria, Louisiana. Its combination of an existing commercial building, substantial acreage, and vehicle-oriented site features supports continued automotive use or evaluation for other commercial applications.
Key Highlights
- 34‑acre commercial parcel
- Existing building included with the land
- Parking, driveway, and on‑site lot
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
$61,874
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
7.28%
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%
$1,237,480
$1.2M
Cap Rate 7%
$883,914
$883.9K
Cap Rate 9%
$687,489
$687.5K
Market Conditions
NOI Build-Up for 5,142 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
$92.6K $18.00/SF
− Vacancy
−$4.2K −$0.81/SF
EGI
$88.4K $17.19/SF
− OpEx
−$26.5K −$5.16/SF
NOI
$61.9K $12.03/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$18.00 /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%
$1,237,480
Cap Rate 7%
$883,914
Cap Rate 9%
$687,489
Alternative Uses
Best Use
Retail
$883.9K
$773.4K – $1.03M
NOI $61,874 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$551.7K
$482.7K – $643.6K
NOI $38,617 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,220 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
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 - Commercial property includes a building, parking, driveway, and 34 acres in Alexandria.
Where is this auto shop located?
The property is located at 6100 THIRD Street Alexandria, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 34‑acre commercial parcel; Existing building included with the land; Parking, driveway, and on‑site lot
