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 #467517117 Show Phone

Added: Mar 5, 2025 Changed: Aug 4 Last Checked: Aug 22 at 6:06PM

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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 commercial property includes on-premise gas pumps and tanks, along with an attached additional space that can support an expansion of operations or be rented to a separate user. The configuration is designed to accommodate both fuel service and an added business component on the same site.

Situated at 1229 Highway 55 in Montegut, Louisiana, the property also features bayou-side access, offering direct relevance for boating and fishing-related customers.

With a lot size of 0.79 acres and a building size of 2,425 square feet, the site provides room for fuel service use plus the included attached space, whether for continuing your own concept or pursuing rental income through the extra area.

Key Highlights

• Gas pump and tanks on the premise.
• Bayou‑side access - perfect for boating and fishing customers.
• Prime location- serving locals, fishermen and tourists.

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

Property Profile

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

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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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Frequently Asked Questions

What type of property is this?

Gas station - Gas pumps and tanks on-site with bayou-side access and an attached additional space for extra business use or rental.

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: Gas pump and tanks on the premise.; Bayou‑side access - perfect for boating and fishing customers.; Prime location- serving locals, fishermen and tourists.