Three-Location Self-Service Car
For Sale
$1,300,000
879 West Bert Kouns Industrial Loop, Shreveport, LA 71118
Operating car wash sites offered with underlying land and existing improvements for continued use or redevelopment.
Property Size3,934 SF
Price / SF$330.45
Days on Market581
Property Features for 879 West Bert Kouns Industrial Loop
General Information
Standard status
Active
Size
3,934 SF
Property subtype
Land
Zoning
C-2
Financials
Asking Price
$1,300,000
Business Included
Yes
Amenities
Water
Sewer
Listing Agency:
Sealy Real Estate Services LLC
(318) 213-1555
Listed By:
Patrick Beauvais · License #995704254
(318) 213-1555
Source:
Lacdb.resimplifi
Added: Jan 28, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:09PM
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 Sealy Real Estate Services LLC
Investment Insights
Based on property information with market context.
This offering comprises three self-service car wash locations sold together as land with improvements. Each site is described as fully operational, providing an established physical setup for ongoing car wash use. The portfolio is classified under C-2 zoning.
The locations are identified as 1751 Jimmy Davis, 879 W. Bert Kouns, and 2828 Coronado, with the listed property address at 879 West Bert Kouns Industrial Loop in Shreveport, Louisiana. The package includes existing car wash improvements and may accommodate redevelopment consistent with applicable zoning and site requirements. Current operations provide an existing commercial use across the three locations.
The locations are identified as 1751 Jimmy Davis, 879 W. Bert Kouns, and 2828 Coronado, with the listed property address at 879 West Bert Kouns Industrial Loop in Shreveport, Louisiana. The package includes existing car wash improvements and may accommodate redevelopment consistent with applicable zoning and site requirements. Current operations provide an existing commercial use across the three locations.
Key Highlights
- Three self‑service car wash locations offered as one package
- Sites are fully operational
- Sale includes land with existing improvements
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
$43,726
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
3.36%
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%
$874,520
$874.5K
Cap Rate 7%
$624,657
$624.7K
Cap Rate 9%
$485,844
$485.8K
Market Conditions
NOI Build-Up for 3,934 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
$61.4K $15.60/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$58.3K $14.82/SF
− OpEx
−$14.6K −$3.70/SF
NOI
$43.7K $11.11/SF
Area
Shreveport, LA
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$874,520
Cap Rate 7%
$624,657
Cap Rate 9%
$485,844
Alternative Uses
Best Use
Specialty Retail
$624.7K
$546.6K – $728.8K
NOI $43,726 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$557.1K
$487.4K – $649.9K
NOI $38,994 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$830.3K
$726.5K – $968.7K
NOI $58,122 @ 7.0% cap · market cap 4.47%
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
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 71118, LA
24,582
Population
10,078
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
13.1 sq mi
ZIP Area
1,876
Density / Sq Mi
$56,952
Median Household Income
$37,241
Median Earnings
$1,009
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Operating car wash sites offered with underlying land and existing improvements for continued use or redevelopment.
Where is this self service car wash located?
The property is located at 879 West Bert Kouns Industrial Loop Shreveport, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three self‑service car wash locations offered as one package; Sites are fully operational; Sale includes land with existing improvements
