Multi-Bay Car
For Sale
$275,000
7351 Hwy 182 E, Morgan City, LA 70380
An operating wash facility includes vacuum stations and customer parking.
Property Size4,970 SF
Price / SF$55.33
Days on Market11
Property Features for 7351 Hwy 182 E
General Information
Standard status
Active
Size
4,970 SF
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Business Included
Yes
Automotive Uses
car wash
Amenities
modern equipment
ample customer parking
Concrete
Public Records
Public
4791.6
0.11
Concrete,Covered
Roof Sign,None
Slab
4970
Building Details
Building Size
4,970 SF
Listing Agency:
Anslum Real Estate, LLC
(225) 263-4694
Listed By:
Gary Hollier
Source:
Hollierrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 5:17PM
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 Anslum Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This operating car wash has multiple wash bays, equipment, vacuum stations, and customer parking. Concrete is listed among the interior features, and the exterior details include a slab and covered elements.
The property is located at 7351 Hwy 182 E in Morgan City, Louisiana.
The property is located at 7351 Hwy 182 E in Morgan City, Louisiana.
Key Highlights
- Operating car wash facility
- Multiple wash bays
- Vacuum stations and customer parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,955
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,100
$459.1K
Cap Rate 7%
$327,929
$327.9K
Cap Rate 9%
$255,056
$255.1K
Market Conditions
NOI Build-Up for 4,970 SF
Gross rent
$34.6K $6.96/SF
− Vacancy
−$1.8K −$0.36/SF
EGI
$32.8K $6.60/SF
− OpEx
−$9.8K −$1.98/SF
NOI
$23.0K $4.62/SF
Area
St. Mary County, LA
Vacancy
5.20%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,100
Cap Rate 7%
$327,929
Cap Rate 9%
$255,056
Alternative Uses
Best Use
Specialty Retail
$696.8K
$609.7K – $812.9K
NOI $48,775 @ 7.0% cap · market cap 17.74%
Second Best
Retail
$519.6K
$454.6K – $606.2K
NOI $36,369 @ 7.0% cap · market cap 13.23%
Theoretical Best
Office A
$848.0K
$742.0K – $989.3K
NOI $59,358 @ 7.0% cap · market cap 21.58%
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
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 24%
Hotels & Casinos 6%
Taco Bell
Dining
9,951 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
8,194 visits/mo
0.1 miles
Shoney's
Dining
7,832 visits/mo
0.4 miles
Dollar General
Shops & Services
5,582 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,853 visits/mo
0.5 miles
Demographics for 70380, LA
21,079
Population
9,739
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
77%
High-School Grad
77.7 sq mi
ZIP Area
271
Density / Sq Mi
$54,504
Median Household Income
$40,731
Median Earnings
$876
Median Rent
$138,300
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
Frequently Asked Questions
What type of property is this?
Car wash - An operating wash facility includes vacuum stations and customer parking.
Where is this car wash located?
The property is located at 7351 Hwy 182 E Morgan City, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Operating car wash facility; Multiple wash bays; Vacuum stations and customer parking
