Corner Gas
For Sale
$1,800,000
43388 Happywoods Rd, Hammond, LA 70403
Lighted corner property with convenience retail and quick-serve restaurant space.
Property Size5,954 SF
Price / SF$302.32
Days on Market14
Property Features for 43388 Happywoods Rd
General Information
Standard status
Active
Size
5,954 SF
Property subtype
Retail
Additional Details
Fuel Pumps
2
Amenities
newer canopy
good signage
metal roof
Vacant
Listing Agency:
REMAX Commercial Brokers, Inc
Listed By:
Julie Green
(504) 217-0965
Source:
Lacdb.resimplifi
Added: Aug 26
Changed: Sep 7
Last Checked: Sep 7 at 2:31PM
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 REMAX Commercial Brokers, Inc
Investment Insights
Based on property information with market context.
This gas station includes approximately 5,954 square feet of interior space, providing room for convenience retail and a quick-serve restaurant. The site features a newer fuel canopy, two pumps, signage, and a metal roof over the retail area.
The property is located at 43388 Happywoods Rd in Hammond, Louisiana, at a lighted corner. A Sunoco contract has 8 years remaining, with additional details available to interested buyers.
The property is located at 43388 Happywoods Rd in Hammond, Louisiana, at a lighted corner. A Sunoco contract has 8 years remaining, with additional details available to interested buyers.
Key Highlights
- Approximately 5,954 SF of interior space
- Newer fuel canopy with 2 pumps
- Interior layout supports convenience retail and a quick‑serve restaurant
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
$81,879
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
4.55%
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%
$1,637,580
$1.6M
Cap Rate 7%
$1,169,700
$1.2M
Cap Rate 9%
$909,767
$909.8K
Market Conditions
NOI Build-Up for 5,954 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
$114.3K $19.20/SF
− Vacancy
−$5.1K −$0.86/SF
EGI
$109.2K $18.34/SF
− OpEx
−$27.3K −$4.58/SF
NOI
$81.9K $13.75/SF
Area
Tangipahoa County, LA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,637,580
Cap Rate 7%
$1,169,700
Cap Rate 9%
$909,767
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,879 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$852.9K
$746.3K – $995.1K
NOI $59,704 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,892 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
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 - Lighted corner property with convenience retail and quick-serve restaurant space.
Where is this gas station located?
The property is located at 43388 Happywoods Rd Hammond, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 5,954 SF of interior space; Newer fuel canopy with 2 pumps; Interior layout supports convenience retail and a quick‑serve restaurant
