Automotive Repair and Sales
For Sale
$500,000
718 Center St, Vinton, LA 70668
Approx. 4,700 sq. ft. automotive facility with nine rooms, four bathrooms, abundant parking, and remaining shop equipment.
Property Size4,782 SF
Price / SF$104.56
Days on Market96
Property Features for 718 Center St
General Information
Standard status
Active
Size
4,782 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Listing Agency:
RE/MAX ONE
Listed By:
Bonnie Bahnsen · License #995691319
(337) 377-7724
Source:
Athomerealtyla
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 5:09PM
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 RE/MAX ONE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive-focused commercial property offers approximately 4,700 square feet of versatile indoor space with nine rooms and four bathrooms. It previously operated as an automotive repair shop and used vehicle sales business, and it still includes a variety of equipment that may support continued automotive use or other commercial concepts. The layout and existing configuration are designed to handle customers, employees, and the day-to-day needs of an active shop, with abundant parking on site.
The property is described as a prime commercial corner location with easy access just off Interstate 10 at Exit 8 and only a few blocks from Highway 90. Owner financing may be considered with a reasonable offer, and all measurements, square footage, and age are approximate and should be verified by the buyer.
The property is described as a prime commercial corner location with easy access just off Interstate 10 at Exit 8 and only a few blocks from Highway 90. Owner financing may be considered with a reasonable offer, and all measurements, square footage, and age are approximate and should be verified by the buyer.
Key Highlights
- Approx. 4,700 sq. ft. automotive facility with nine rooms and four bathrooms
- Previously operated as an automotive repair shop and used vehicle sales business
- Abundant parking for customers, employees, and equipment/inventory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,197
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,940
$843.9K
Cap Rate 7%
$602,814
$602.8K
Cap Rate 9%
$468,856
$468.9K
Market Conditions
NOI Build-Up for 4,782 SF
Gross rent
$63.1K $13.20/SF
− Vacancy
−$2.8K −$0.59/SF
EGI
$60.3K $12.61/SF
− OpEx
−$18.1K −$3.78/SF
NOI
$42.2K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,940
Cap Rate 7%
$602,814
Cap Rate 9%
$468,856
Alternative Uses
Best Use
Retail
$602.8K
$527.5K – $703.3K
NOI $42,197 @ 7.0% cap · market cap 8.44%
Second Best
Industrial
$422.5K
$369.7K – $492.9K
NOI $29,575 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$1.03M
$901.9K – $1.20M
NOI $72,153 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70668, LA
6,576
Population
2,650
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
88%
High-School Grad
141.0 sq mi
ZIP Area
47
Density / Sq Mi
$48,492
Median Household Income
$32,854
Median Earnings
$957
Median Rent
$141,800
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 South region
Similar Off Market Nearby
- E. Breaux's Wrecker, LLC — 1603 US-90, Vinton, LA 70668
Frequently Asked Questions
What type of property is this?
Auto shop - Approx. 4,700 sq. ft. automotive facility with nine rooms, four bathrooms, abundant parking, and remaining shop equipment.
Where is this auto shop located?
The property is located at 718 Center St Vinton, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approx. 4,700 sq. ft. automotive facility with nine rooms and four bathrooms; Previously operated as an automotive repair shop and used vehicle sales business; Abundant parking for customers, employees, and equipment/inventory
