Gas Station with Convenience
For Sale
Contact for pricing
43388 Happywoods Road, Hammond, LA 70403
Lighted corner property with fuel service, retail space, restaurant capacity, and prominent signage.
Property Size5,954 SF
Price / SF$302.32
Days on Market10
Property Features for 43388 Happywoods Road
General Information
Standard status
Active
Size
5,954 SF
Property subtype
Retail
Additional Details
Fuel Pumps
2
Amenities
newer canopy
good signage
metal roof
Listing Agency:
RE/MAX Commercial Brokers
Listed By:
Julie Green · License #0995697387
Source:
Crexi
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 9 at 3:33PM
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 Commercial Brokers
Investment Insights
Based on property information with market context.
This gas station occupies a lighted corner site and includes approximately 5,954 SF of interior space. The layout can accommodate a convenience store along with a quick-service restaurant, while the newer canopy, two fuel pumps, signage, and metal roof support the existing fuel and retail configuration.
The property is located at 43388 Happywoods Road in Hammond, Louisiana. A Sunoco contract has an additional 8 years remaining, providing an established branded fuel relationship for the next owner. The combination of interior retail area, restaurant capacity, canopy improvements, and on-site fuel infrastructure creates a flexible operating platform for the property’s next phase.
The property is located at 43388 Happywoods Road in Hammond, Louisiana. A Sunoco contract has an additional 8 years remaining, providing an established branded fuel relationship for the next owner. The combination of interior retail area, restaurant capacity, canopy improvements, and on-site fuel infrastructure creates a flexible operating platform for the property’s next phase.
Key Highlights
- Approximately 5,954 SF of interior space
- Two fuel pumps beneath a newer canopy
- Space for a convenience store and quick‑service 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
Current Use
Location Intelligence
Trade Area within ½ mile
67
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 fuel service, retail space, restaurant capacity, and prominent signage.
Where is this gas station located?
The property is located at 43388 Happywoods Road 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; Two fuel pumps beneath a newer canopy; Space for a convenience store and quick‑service restaurant
