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Listing Agency: Good Earth Realty, Inc.

Listed By: Cindy Price · License #15770 Show Phone

Source: Smithsquared

Added: Aug 8 Changed: Oct 2 Last Checked: Oct 7 at 2:28PM

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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.

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 / Yr

$15,593

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,860 $311.9K

Cap Rate 7%

$222,757 $222.8K

Cap Rate 9%

$173,256 $173.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,425 SF

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 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. How Realmo checks its estimates

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

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