Former Gas Station
For Sale
$150,000
301 Highway 1204, Ball, LA 71405
Commercial property with road frontage, local access, and substantial renovation needs.
Property Size1,200 SF
Price / SF$125
Days on Market95
Property Features for 301 Highway 1204
General Information
Standard status
Active
Size
1,200 SF
Property Condition
Severity
Major Repairs Needed
Evidence
need of significant renovation
Additional Details
Asking Price
$150,000
Road Access
Yes
Listing Agency:
Ahrens Realty Company, LLC
(318) 321-1953
Listed By:
Truett Mullins · License #995718980
(318) 500-1444
Source:
Exprealty
Added: Jul 14
Changed: Oct 12
Last Checked: Oct 16 at 12:09PM
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 Ahrens Realty Company, LLC
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Investment Insights
Based on property information with market context.
This 1,200-square-foot former gas station occupies a commercial property in Ball, Louisiana. The existing building layout supports a range of redevelopment concepts, but the improvements require significant renovation before reuse. Any future fuel, convenience, or other commercial operation would remain subject to applicable inspections, permits, and regulatory approvals.
The property is located at 301 Highway 1204 and includes road frontage with convenient access for local traffic. Its prior commercial configuration may support restoration, conversion, or a broader site redevelopment plan, depending on the intended use and required approvals.
The property is located at 301 Highway 1204 and includes road frontage with convenient access for local traffic. Its prior commercial configuration may support restoration, conversion, or a broader site redevelopment plan, depending on the intended use and required approvals.
Key Highlights
- 1,200 SF former gas station building
- Significant renovation required before reuse
- Road frontage on Ball Cutoff Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,422
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,440
$148.4K
Cap Rate 7%
$106,029
$106.0K
Cap Rate 9%
$82,467
$82.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.4K $9.48/SF
− Vacancy
−$774 −$0.64/SF
EGI
$10.6K $8.84/SF
− OpEx
−$3.2K −$2.65/SF
NOI
$7.4K $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 Rate 5%
$148,440
Cap Rate 7%
$106,029
Cap Rate 9%
$82,467
Alternative Uses
Best Use
Specialty Retail
$209.2K
$183.1K – $244.1K
NOI $14,646 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 9.63%
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Dollar General
Shops & Services
6,542 visits/mo
0.2 miles
Chevron
Shops & Services
3,921 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,619 visits/mo
0.5 miles
El Rodeo
Dining
2,113 visits/mo
0.5 miles
Castrol Premium Lube Express
Shops & Services
445 visits/mo
0.1 miles
Demographics for 71405, LA
5,652
Population
2,261
Households
2.5
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
16.3 sq mi
ZIP Area
347
Density / Sq Mi
$72,744
Median Household Income
$45,878
Median Earnings
$1,146
Median Rent
$176,900
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
Frequently Asked Questions
What type of property is this?
Gas station - Commercial property with road frontage, local access, and substantial renovation needs.
Where is this gas station located?
The property is located at 301 Highway 1204 Ball, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,200 SF former gas station building; Significant renovation required before reuse; Road frontage on Ball Cutoff Road
