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    3047 Highway 1 Grand Isle, LA 70358

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    Claim this Listing
    For Sale
    $600,000

    COMMERCIAL - Grand Isle, LA

    Property size:
    2,040 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $294/SF
    Added:
    Jan 16, 2026
    Days on Market:
    106
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 3047 Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Exterior features
    Door Sign
    Standard status
    Active
    Size
    2,040 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Description
    Pt of Ground Sec 28 T22 SR24E Grand Isle

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Sadie Galiano

    Listing agent Sadie Galiano

    Listing office Island Realty 3152 C Hwy 1, Grand Isle, LA

    Listing date Jan 16, 2026

    MLS# 2026000918

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Isle Gas Station Business

    This turnkey business opportunity is located in the heart of Grand Isle's Business District. The long-established gas station and convenience store has been operating as a local landmark since 1959, offering hot breakfast and lunch service. Situated on the highest elevation of the island, the property provides excellent visibility and accessibility. The property includes fuel pumps with non-ethanol gasoline, suitable for boaters and coastal traffic. The sale encompasses all trade fixtures, furnishings, and inventory, enabling immediate operation. Benefiting from strong seasonal demand, Grand Isle attracts over 30,000 visitors during a typical summer weekend. The property, situated on a 0.33-acre lot, features a 2,040-square-foot building. The high-traffic location and diverse revenue streams present an opportunity for owner-operators or investors. The property is located at 3047 Highway 1, Grand Isle, LA 70358.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon Pharmacy Gym & Fitness Center Law Firm Grocery & Convenience Store Barber Shop Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Isle
    County
    Jefferson
    State
    Louisiana
    Longitude
    -89.998644
    Latitude
    29.2305928

    Nearby Similar for Sale

    • $899,000
      2,698 SF

      Established Restaurant in Grand Isle

      Successful restaurant with local seafood and Cajun cuisine.
      3027 Highway 1, Grand Isle, LA 70358
      View Details
    • $430,000

      Established RV Campground in Grand Isle

      Income-producing RV campground with room to grow in Grand Isle.
      225 Smith Ln, Grand Isle, LA 70358
      View Details
    • $65,000

      Pirates Cove Marina Boat Slip

      Boat slip at Pirates Cove Marina in Grand Isle.
      411 Admiral Craik Drive lot: 17, Grand Isle, LA 70358
      View Details

    FAQs

    What type of property is this?
    Gas station - Turnkey gas station and convenience store in Grand Isle, Louisiana.
    Where is this gas station located?
    The property is located at 3047 Highway 1 Grand Isle, LA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Turnkey business opportunity: Includes all trade fixtures, furnishings, and inventory for immediate operation.; Established business with strong reputation: Operating as a local landmark since 1959.; High‑traffic location in Grand Isle's Business District: Benefits from over 30,000 visitors during peak season.
    (504) 352-8840
    We can help!
    Listing Contact
    Sadie Galiano
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3047 Highway 1, Grand Isle, LA 70358

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