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    Gas Station Convenience Store Opportunity Title is generated by Realmo AI

    6540 HWY 121, Pitkin, LA 71438

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    Claim this Listing
    New
    For Sale
    $300,000

    SINGLE_FAMILY - Pitkin, LA

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $60/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 6540 HWY 121

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot, Open
    Security features
    Security
    Fireplace
    1
    Standard status
    Active
    APN
    080-769-2774
    Size
    5,000 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    District: 99115 City, Municipality, Township: W8

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Fireplace(s), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Concrete, Asphalt

    We can help!

    Listing Contact
    Zanita Lundy
    Zanita Lundy

    Listing agent Zanita Lundy

    Listing office Vylla Home Metarie, LA

    Listing date Jun 5, 2026

    MLS# 21283585

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former convenience store/quick‑serve food location built in 1965 with brick construction
    • Ready for food service with a kitchen and dining area plus grill, fryer, pizza oven, food warmer, and warming stations
    • Includes beverage and storage equipment: Coca‑Cola machine, shelving, cash register systems, and four additional coolers plus freezers
    • Fuel services on‑site with 2 gas pumps supported by two underground fuel tanks (8,000‑gallon and 4,000‑gallon)
    • Central heating and central air, with fireplace(s) and concrete flooring
    • Utilities available: public water and public sewer; roof includes concrete and asphalt

    Overview

    This property is a former convenience store and quick-serve food establishment designed to support in-store food service and fueling. The interior includes a spacious kitchen and dining area with a grill, fryer, pizza oven, food warmer, additional warming station, shelving, and cash register systems. Refrigeration for prepared foods is provided by four additional coolers plus freezers in the kitchen area, including a newer cooler reported as approximately four years old.

    Fuel services include two gas pumps supported by two underground fuel tanks, one 8,000-gallon tank and one 4,000-gallon tank. The site is situated just outside of Hineston in Vernon Parish and is noted as being close to Fort Polk, with access and visibility described as strong for area residents and travelers.

    For an owner-operator or investor seeking to restart operations, the building already has core food-service components and on-site fueling infrastructure in place. The property has been described as a local stop for residents, travelers, and nearby Fort Polk traffic, and it may fit plans to reopen as a convenience store and quick-serve restaurant or a combination business. Buyer should perform due diligence, as not all information is guaranteed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Pitkin
    County
    Vernon
    State
    Louisiana
    Longitude
    -92.7964
    Latitude
    31.0802

    FAQs

    What type of property is this?
    Grocery and convenience store - Former convenience and quick-serve food location with kitchen equipment and two gas pumps supported by underground fuel tanks.
    Where is this grocery and convenience store located?
    The property is located at 6540 HWY 121 Pitkin, LA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Former convenience store/quick‑serve food location built in 1965 with brick construction; Ready for food service with a kitchen and dining area plus grill, fryer, pizza oven, food warmer, and warming stations; Includes beverage and storage equipment: Coca‑Cola machine, shelving, cash register systems, and four additional coolers plus freezers
    (501) 350-4527
    We can help!
    Listing Contact
    Zanita Lundy
    Zanita Lundy
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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