Gas Station with Bayou
For Sale
$250,000
1229 Highway 55, Montegut, LA 70377
Commercial property with fuel equipment, waterfront access, and attached space for an additional business use.
Property Size2,425 SF
Price / SF$103.09
Days on Market24
Property Features for 1229 Highway 55
General Information
Standard status
Active
Size
2,425 SF
Amenities
bayou-side access
Listing Agency:
Good Earth Realty, Inc.
(985) 804-0171
Listed By:
Cindy Price · License #15770
Source:
Smithsquared
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 30 at 8:00PM
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 Good Earth Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,425-square-foot gas station property includes an on-site gas pump and tanks, along with attached additional space that can support a separate business use or be rented independently. The configuration provides both fuel-service infrastructure and added commercial area within the same property.
Located at 1229 Highway 55 in Montegut, the property has direct bayou-side access suited to customers arriving by boat or pursuing fishing activities. Its setting in a fishing community places the site within a local commercial environment that also serves fishermen and visitors.
Located at 1229 Highway 55 in Montegut, the property has direct bayou-side access suited to customers arriving by boat or pursuing fishing activities. Its setting in a fishing community places the site within a local commercial environment that also serves fishermen and visitors.
Key Highlights
- 2,425‑square‑foot gas station property
- Gas pump and tanks are located on the premises
- 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
NOI $37,517 @ 7.0% cap · market cap 15.01%
Second Best
Retail
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 9.34%
Theoretical Best
Office A
$668.5K
$584.9K – $779.9K
NOI $46,793 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Commercial property with fuel equipment, waterfront access, and attached space for an additional business use.
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; Gas pump and tanks are located on the premises; Bayou‑side access for boating and fishing customers
