Alexandria Gas Station with
3812 3rd St Alexandria, LA 71302
3812 3rd St, Alexandria, LA, 71302
Contact for pricing
For Sale
Contact for pricing
Pending
Leased gas station with restaurant on 1.58 acres.
Property Size3,500 SF
Lot Size1.58 Acres
Days on Market1158
Property Features for 3812 3rd St
General Information
- Standard status
- Pending
- Size
- 3,500 SF
- Lot size
- 1.58 Acres
- Property subtype
- Retail
Listing Agency
Cypress Realty of Louisiana
(318) 308-8004
Listed by
Candace Selman · License #LA995701846
Source
Crexi
Added: May 20, 2023 Checked: Jul 19 at 7:34 am
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 Cypress Realty of Louisiana
Investment Insights
Based on property information with market context.
This property in Alexandria features a leased gas station situated on 1.58 acres. Additionally, the property includes a restaurant space equipped and ready for operation, presenting the possibility of additional lease income. The building size is 3,500 square feet. The property is suitable for gas station, automotive, retail, and restaurant businesses.
Key Highlights
- Leased gas station provides immediate income stream.
- Large 1.58‑acre lot offers potential for future development or expansion.
- Restaurant space with existing equipment is ready for operation.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $17.04 |
| − Vacancy | −$2.7k | −$0.77 |
| EGI | $57.0k | $16.27 |
| − OpEx | −$14.2k | −$4.07 |
| NOI | $42.7k | $12.20 |
3,500 SF · lease $17.04/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$610.2K
$534.0K – $712.0K
NOI $42,717 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$964.8K
$844.2K – $1.13M
NOI $67,536 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chi Town Gas ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Leased gas station with restaurant on 1.58 acres.
Where is this gas station located?
The property is located at 3812 3rd St Alexandria, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Leased gas station provides immediate income stream.; Large 1.58‑acre lot offers potential for future development or expansion.; Restaurant space with existing equipment is ready for operation.
