Full-Service Gas Station with
For Sale
$220,000
1701 Lee St, Alexandria, LA 71301
Full-service gas station with 8 pumps, kitchen, and ample parking, sold as-is near a major interstate.
Property Size1,686 SF
Price / SF$130.49
Days on Market208
Property Features for 1701 Lee St
General Information
Standard status
Active
Size
1,686 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
RE/MAX Excellence
(337) 678-3663
Listed By:
Toni L Effingger · License #0995680712
(337) 793-5738
Source:
Exprealty
Added: Feb 17
Changed: Sep 8
Last Checked: Sep 13 at 12:33PM
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 RE/MAX Excellence
Investment Insights
Based on property information with market context.
This full-service gas station includes 8 fuel pumps and a kitchen, with parking available on-site to support customers and daily operations. The property is offered for sale in as-is condition, with the seller making no repairs.
The site is located on a busy corner lot just minutes from I-49, not far from downtown Alexandria. It provides convenient access for motorists approaching from multiple directions.
For buyers seeking an automotive-oriented retail and service concept, the existing fuel and kitchen setup can support ongoing convenience and food service operations under current configuration, subject to applicable approvals and business requirements. Ample parking on the property supports customer use for both fueling and quick-service needs. Prospective buyers should plan for their own due diligence regarding condition, functionality, and any required updates given the as-is sale terms.
The site is located on a busy corner lot just minutes from I-49, not far from downtown Alexandria. It provides convenient access for motorists approaching from multiple directions.
For buyers seeking an automotive-oriented retail and service concept, the existing fuel and kitchen setup can support ongoing convenience and food service operations under current configuration, subject to applicable approvals and business requirements. Ample parking on the property supports customer use for both fueling and quick-service needs. Prospective buyers should plan for their own due diligence regarding condition, functionality, and any required updates given the as-is sale terms.
Key Highlights
- Full‑service gas station on a busy corner lot, minutes from I‑49 and not far from downtown Alexandria
- Equipped with 8 pumps
- Includes a kitchen
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
$10,427
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
4.74%
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%
$208,540
$208.5K
Cap Rate 7%
$148,957
$149.0K
Cap Rate 9%
$115,856
$115.9K
Market Conditions
NOI Build-Up for 1,686 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
$16.0K $9.48/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$14.9K $8.84/SF
− OpEx
−$4.5K −$2.65/SF
NOI
$10.4K $6.18/SF
Area
Rapides County, LA
Vacancy
6.80%
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%
$208,540
Cap Rate 7%
$148,957
Cap Rate 9%
$115,856
Alternative Uses
Best Use
Specialty Retail
$294.0K
$257.2K – $343.0K
NOI $20,577 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 9.22%
Theoretical Best
Office A
$464.8K
$406.7K – $542.2K
NOI $32,533 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,297 visits/mo
0.1 miles
Exxon
Shops & Services
5,771 visits/mo
0.4 miles
Gerber Collision & Glass
Shops & Services
945 visits/mo
0.1 miles
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
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
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Frequently Asked Questions
What type of property is this?
Gas station - Full-service gas station with 8 pumps, kitchen, and ample parking, sold as-is near a major interstate.
Where is this gas station located?
The property is located at 1701 Lee St Alexandria, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Full‑service gas station on a busy corner lot, minutes from I‑49 and not far from downtown Alexandria; Equipped with 8 pumps; Includes a kitchen
