Gas Station with Convenience
For Sale
$750,000
1028 Belden Street, Lake Charles, LA 70601
Fueling, food-service, refrigeration, and restroom improvements support convenience retail operations.
Property Size1,800 SF
Price / SF$416.67
Days on Market10
Property Features for 1028 Belden Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Fuel Pumps
10
Amenities
3
318.9x101.6x193.1x94.9x20, 1.3
Building Details
Buildings
2
Listing Agency:
Coldwell Banker Ingle Safari R
(337) 478-1601
Listed By:
Jacob Malone · License #995714706
Source:
Xome
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 4:17PM
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 Coldwell Banker Ingle Safari R
Investment Insights
Based on property information with market context.
This gas station includes an approximately 1,800-square-foot convenience store with custom shelving, three retail aisles, beverage and refrigerated display coolers, coffee stations, a pizza oven, an ice machine, and additional operating equipment. The fueling area provides eight gasoline pumps and two diesel pumps beneath an approximately 4,300-square-foot canopy.
A detached approximately 1,096-square-foot building adds separate men’s and women’s restrooms plus dedicated storage. The property sits immediately off an I-10 exit with on-and-off interstate access and includes approximately 1.3 acres. Flood Zone X applies to the site.
A detached approximately 1,096-square-foot building adds separate men’s and women’s restrooms plus dedicated storage. The property sits immediately off an I-10 exit with on-and-off interstate access and includes approximately 1.3 acres. Flood Zone X applies to the site.
Key Highlights
- Approximately 1,800 SF convenience store with custom shelving and three retail display aisles
- Eight gasoline pumps and two diesel pumps under an approximately 4,300 SF canopy
- Includes beverage and refrigerated coolers, coffee stations, pizza oven, and ice machine
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
$27,159
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
3.62%
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%
$543,180
$543.2K
Cap Rate 7%
$387,986
$388.0K
Cap Rate 9%
$301,767
$301.8K
Market Conditions
NOI Build-Up for 1,800 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
$37.8K $21.00/SF
− Vacancy
−$1.6K −$0.88/SF
EGI
$36.2K $20.12/SF
− OpEx
−$9.1K −$5.03/SF
NOI
$27.2K $15.09/SF
Area
Calcasieu County, LA
Vacancy
4.20%
Lease Rate
$21.00 /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%
$543,180
Cap Rate 7%
$387,986
Cap Rate 9%
$301,767
Alternative Uses
Best Use
Specialty Retail
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 2.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
Chase Bank
Shops & Services
6,255 visits/mo
0.5 miles
Wendy's
Dining
5,828 visits/mo
0.4 miles
Waffle House
Dining
3,816 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,542 visits/mo
0.3 miles
Chevron
Shops & Services
3,150 visits/mo
0.2 miles
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
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 - Fueling, food-service, refrigeration, and restroom improvements support convenience retail operations.
Where is this gas station located?
The property is located at 1028 Belden Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 1,800 SF convenience store with custom shelving and three retail display aisles; Eight gasoline pumps and two diesel pumps under an approximately 4,300 SF canopy; Includes beverage and refrigerated coolers, coffee stations, pizza oven, and ice machine
