Gas Station and Convenience
For Sale
$700,000
3047 Highway 1, Grand Isle, LA 70358
Commercial Sale, Grand Isle, LA
Property Size2,040 SF
Lot Size0.33 Acres
Price / SF$343.14
Days on Market253
Property Features for 3047 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Door Sign
Subdivision
Grand Isle
Lot features
Corner Lot, Corner Lot
Directions
Drive South on LA1 to Grand Isle; after crossing the GI bridge, continue South to mile marker 3.3 / Chighizola Ln; Landry's Quick Stop is on the left side of Hwy 1.
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
Legal Description
Pt of Ground Sec 28 T22 SR24E Grand Isle
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Concrete
Roof type
Metal
Listing Agency:
Island Realty
(985) 787-2747
Listed By:
Sadie Galiano · License #73867
(504) 352-8840
Added: Jan 16
Changed: Sep 14
Last Checked: Sep 26 at 9:06AM
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.
Investment Insights
Based on property information with market context.
The property comprises a 2,040-square-foot gas station and convenience store on 0.33 acres, with hot breakfast and lunch service. Fuel pumps dispense non-ethanol gasoline, and the sale includes trade fixtures, furnishings, and inventory. The business has operated since 1959.
Located at 3047 Highway 1 in Grand Isle’s Business District, the property includes a parking lot and door signage. The building is constructed of concrete beneath a metal roof and is served by central heating and central air. Public water and private sewer systems are in place, with septic service also identified.
Located at 3047 Highway 1 in Grand Isle’s Business District, the property includes a parking lot and door signage. The building is constructed of concrete beneath a metal roof and is served by central heating and central air. Public water and private sewer systems are in place, with septic service also identified.
Key Highlights
- 2,040‑square‑foot gas station and convenience store on 0.33 acres
- Non‑ethanol gasoline pumps serve automotive and boating traffic
- Hot breakfast and lunch service included in the 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
$34,546
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
4.94%
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%
$690,920
$690.9K
Cap Rate 7%
$493,514
$493.5K
Cap Rate 9%
$383,844
$383.8K
Market Conditions
NOI Build-Up for 2,040 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
$47.0K $23.04/SF
− Vacancy
−$940 −$0.46/SF
EGI
$46.1K $22.58/SF
− OpEx
−$11.5K −$5.64/SF
NOI
$34.5K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /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%
$690,920
Cap Rate 7%
$493,514
Cap Rate 9%
$383,844
Alternative Uses
Best Use
Specialty Retail
$493.5K
$431.8K – $575.8K
NOI $34,546 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$460.6K
$403.0K – $537.4K
NOI $32,243 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,675 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 70358, LA
1,005
Population
1,703
Households
0.6
Avg Household Size
51
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
155
Density / Sq Mi
$43,707
Median Earnings
$1,118
Median Rent
$266,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fuel service pairs with hot breakfast and lunch offerings.
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 $700,000.
What are key features of this property?
This property features: 2,040‑square‑foot gas station and convenience store on 0.33 acres; Non‑ethanol gasoline pumps serve automotive and boating traffic; Hot breakfast and lunch service included in the operation
