Operational Gas Station with Auto
For Sale
$350,000
6716 W Main St, Houma, LA 70360
Operating fuel, repair, and detailing businesses share one commercial property with established customer and vendor relationships.
Property Size1,326 SF
Price / SF$263.95
Days on Market9
Property Features for 6716 W Main St
General Information
Standard status
Active
Size
1,326 SF
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Abandoned
No
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
James Ricker
(985) 870-3322
Source:
Exprealty
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 11 at 4:43PM
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 KELLER WILLIAMS REALTY BAYOU P
Investment Insights
Based on property information with market context.
This operating commercial property combines a full-service gas station with an auto repair shop and auto-detailing operation. The site includes 4 underground storage tanks with 22K fuel volume, along with fuel dispensers, repair facilities, and detailing improvements. Some fuel dispensers require repair. The businesses have an established customer and vendor base.
Located at 6716 W Main St in Houma, LA, the property fronts a busy traffic corridor with visibility and convenient ingress and egress. The existing configuration supports fuel retail, automotive repair, and detailing operations, with potential for upgraded amenities, branded fuel, or convenience-store development as described in the property information.
Located at 6716 W Main St in Houma, LA, the property fronts a busy traffic corridor with visibility and convenient ingress and egress. The existing configuration supports fuel retail, automotive repair, and detailing operations, with potential for upgraded amenities, branded fuel, or convenience-store development as described in the property information.
Key Highlights
- Full‑service gas station, auto repair shop, and auto‑detailing operation
- 4 underground storage tanks with 22K fuel volume
- Established customer and vendor base
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
$20,515
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
5.86%
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%
$410,300
$410.3K
Cap Rate 7%
$293,071
$293.1K
Cap Rate 9%
$227,944
$227.9K
Market Conditions
NOI Build-Up for 1,326 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
$28.6K $21.60/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$27.4K $20.63/SF
− OpEx
−$6.8K −$5.16/SF
NOI
$20.5K $15.47/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$21.60 /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%
$410,300
Cap Rate 7%
$293,071
Cap Rate 9%
$227,944
Alternative Uses
Best Use
Specialty Retail
$293.1K
$256.4K – $341.9K
NOI $20,515 @ 7.0% cap · market cap 5.86%
Second Best
Retail
$182.4K
$159.6K – $212.8K
NOI $12,765 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,586 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
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 - Operating fuel, repair, and detailing businesses share one commercial property with established customer and vendor relationships.
Where is this gas station located?
The property is located at 6716 W Main St Houma, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Full‑service gas station, auto repair shop, and auto‑detailing operation; 4 underground storage tanks with 22K fuel volume; Established customer and vendor base
