Convenience Store With
For Sale
$950,000
11334 HIGHWAY 23, Belle Chasse, LA 70037
Commercial, Belle Chasse, LA
Property Size3,468 SF
Lot Size4.00 Acres
Price / SF$273.93
Days on Market137
Property Features for 11334 HIGHWAY 23
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A-2
Lot features
11-20 Acres, 20+ Acres
Subdivision
OAKVILLE
Standard status
Active
APN
1504150-1504210
Size
3,468 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
1/2 X 40 ON R/DESC R/W OF LA ST HWY 23. BOUNDED ABOVE BY D JEANFREAU & N FLEMING & BELOW BY LANDS NOW OR FORMERLY BELONGING TO HELEN F SLAVICH. COMM BLDG & FREEZER BLDG
Legal Description
1/2 X 40 ON R/DESC R/W OF LA ST HWY 23. BOUNDED ABOVE BY D JEANFREAU & N FLEMING & BELOW BY LANDS NOW OR FORMERLY BELONGING TO HELEN F SLAVICH. COMM BLDG & FREEZER BLDG
Utilities
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Daniel Trosclair
(504) 908-2426
Added: Jun 9
Changed: Oct 19
Last Checked: Oct 23 at 12:06PM
MLS# 2561127
Copyright © 2026 New Orleans Metropolitan Association 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This convenience store and restaurant property combines 4,511 square feet of improvements. The primary building contains 4,255 square feet, including 3,468 square feet of finished and conditioned area with open retail space, two service counters, a walk-in cooler or beer cave, storage, dining space, a commercial kitchen, and two restrooms. An additional 788 square feet provides covered and screened storage or boil space. A detached 256-square-foot walk-in freezer sits beside the main building.
The approximately 4-acre parcel includes an approximately 1-acre operating site. Most of the land is subject to easements for government and right-of-way access. The property is zoned A-2, has public water service, and was built in 1965.
The approximately 4-acre parcel includes an approximately 1-acre operating site. Most of the land is subject to easements for government and right-of-way access. The property is zoned A-2, has public water service, and was built in 1965.
Key Highlights
- 4,511 square feet of combined improvements
- 3,468 square feet of finished / conditioned space in the main building
- 788 square feet of covered / screened in storage / boil space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,728
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,560
$1.2M
Cap Rate 7%
$838,971
$839.0K
Cap Rate 9%
$652,533
$652.5K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$79.9K $23.04/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$78.3K $22.58/SF
− OpEx
−$19.6K −$5.64/SF
NOI
$58.7K $16.93/SF
Area
Plaquemines 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 Rate 5%
$1,174,560
Cap Rate 7%
$838,971
Cap Rate 9%
$652,533
Alternative Uses
Best Use
Specialty Retail
$839.0K
$734.1K – $978.8K
NOI $58,728 @ 7.0% cap · market cap 6.18%
Second Best
Retail
$783.0K
$685.2K – $913.6K
NOI $54,813 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$915.0K
$800.6K – $1.07M
NOI $64,047 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70037, LA
16,262
Population
6,682
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
91%
High-School Grad
49.9 sq mi
ZIP Area
326
Density / Sq Mi
$92,193
Median Household Income
$45,608
Median Earnings
$1,650
Median Rent
$350,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established commercial property with retail, food-service, storage, and screened outdoor preparation areas.
Where is this grocery and convenience store located?
The property is located at 11334 HIGHWAY 23 Belle Chasse, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,511 square feet of combined improvements; 3,468 square feet of finished / conditioned space in the main building; 788 square feet of covered / screened in storage / boil space
