Alexandria Gas Station with
For Sale
Contact for pricing
Pending
3812 3rd St, Alexandria, LA 71302
Leased gas station with restaurant on 1.58 acres.
Property Size3,500 SF
Lot Size1.58 Acres
Days on Market1203
Property Features for 3812 3rd St
General Information
Standard status
Pending
Size
3,500 SF
Lot size
1.58 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
Cypress Realty of Louisiana
Listed By:
Candace Selman · License #LA995701846
(318) 308-8004
Source:
Crexi
Added: May 20, 2023
Changed: Aug 25
Last Checked: Sep 2 at 2:32AM
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.
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
$42,717
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
6.15%
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%
$854,340
$854.3K
Cap Rate 7%
$610,243
$610.2K
Cap Rate 9%
$474,633
$474.6K
Market Conditions
NOI Build-Up for 3,500 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
$59.6K $17.04/SF
− Vacancy
−$2.7K −$0.77/SF
EGI
$57.0K $16.27/SF
− OpEx
−$14.2K −$4.07/SF
NOI
$42.7K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /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%
$854,340
Cap Rate 7%
$610,243
Cap Rate 9%
$474,633
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,867 visits/mo
0.1 miles
Demographics for 71302, LA
13,415
Population
6,213
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
83%
High-School Grad
57.8 sq mi
ZIP Area
232
Density / Sq Mi
$36,210
Median Household Income
$23,609
Median Earnings
$868
Median Rent
$103,300
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?
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.
