Building Details

Flooring type Concrete

Building materials Metal Const

Roof type Metal

Additional Structures Storage

Listing Agency: Good Earth Realty, Inc. · RE/MAX International 2***@msn.com Show Phone

Listed By: Cindy Price · License #15770 Show Phone

Added: Mar 5, 2025 Changed: Sep 14 Last Checked: Sep 28 at 1:06PM

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MLS# 2025003921

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.

This gas station property includes a 2,425-square-foot commercial building on 0.79 acres, with on-site gas pumps and tanks. An attached additional area expands the existing footprint and may accommodate a separate business or rental use, as described in the property information. The building features metal construction, a metal roof, concrete flooring, central heating, electric heat, and central air conditioning.

Located at 1229 Highway 55 in Montegut, the property provides bayou-side access for boating and fishing customers. The site is served by a septic tank system and is positioned within a Terrebonne Parish fishing community that also serves local residents and visitors.

Key Highlights

• 2,425‑square‑foot gas station property on 0.79 acres
• On‑site gas pump and tank infrastructure
• Bayou‑side access for boating and fishing customers

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

$15,593

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

6.24%

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%

$311,860 $311.9K

Cap Rate 7%

$222,757 $222.8K

Cap Rate 9%

$173,256 $173.3K

Market Conditions

NOI Build-Up for 2,425 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

$23.0K $9.48/SF

− Vacancy

−$713 −$0.29/SF

EGI

$22.3K $9.19/SF

− OpEx

−$6.7K −$2.76/SF

NOI

$15.6K $6.43/SF

Area

Terrebonne County, LA

Vacancy

3.10%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

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%

$311,860

Cap Rate 7%

$222,757

Cap Rate 9%

$173,256

Alternative Uses

Best Use

Specialty Retail

$536.0K

$469.0K – $625.3K (±1% cap)

NOI $37,517 @ 7.0% cap · market cap 15.01%

Second Best

Retail

$333.5K

$291.8K – $389.1K (±1% cap)

NOI $23,344 @ 7.0% cap · market cap 9.34%

Theoretical Best

Office A

$668.5K

$584.9K – $779.9K (±1% cap)

NOI $46,793 @ 7.0% cap · market cap 18.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Daycare Center Restaurant Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Explore this area Business Placement

Demographics for 70377, LA

3,702

Population

1,364

Households

2.7

Avg Household Size

40

Median Age

5%

College-Educated

64%

High-School Grad

84.6 sq mi

ZIP Area

44

Density / Sq Mi

$53,851

Median Household Income

$33,750

Median Earnings

$694

Median Rent

$119,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties What are key features of this property?

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Gas Station with Bayou Access

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Frequently Asked Questions

What type of property is this?

Gas station - Includes on-site gas pumps and tanks, plus attached additional space.

Where is this gas station located?

The property is located at 1229 Highway 55 Montegut, LA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 2,425‑square‑foot gas station property on 0.79 acres; On‑site gas pump and tank infrastructure; Bayou‑side access for boating and fishing customers