Operational Gas Station with Auto
For Sale
$350,000
6716 W Main Street, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size1,326 SF
Lot Size0.23 Acres
Price / SF$263.95
Days on Market10
Property Features for 6716 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Door Sign, Pole Sign
Subdivision
No Area
Standard status
Active
Size
1,326 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
ON THE RIGHT DESCENDING BANK OF BAYOU TERREBONNE. LOT MEASURING 152.8' FRONT ON WEST SIDE HWY. 24 AT CORNER OF WAYNE AVE. AND WEST MAIN ST. BEING PARCELS A AND B ON MAP ENTITLED "BOUNDARY AND TOPOGRAPHIC SURVEY OF PORTION OF LOT 1 BAYOU CANE HEIGHTS S/D A
Legal Description
ON THE RIGHT DESCENDING BANK OF BAYOU TERREBONNE. LOT MEASURING 152.8' FRONT ON WEST SIDE HWY. 24 AT CORNER OF WAYNE AVE. AND WEST MAIN ST. BEING PARCELS A AND B ON MAP ENTITLED "BOUNDARY AND TOPOGRAPHIC SURVEY OF PORTION OF LOT 1 BAYOU CANE HEIGHTS S/D A
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Building materials
Concrete, Metal Const
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
James Ricker
(985) 870-3322
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 13 at 8:06PM
MLS# 2026016485
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property combines a gas station with an auto repair and mechanics shop and an auto-detailing operation. The improvements contain 1,326 square feet on a 0.23-acre parcel, with two bathrooms, a metal roof, concrete and metal construction, wall-furnace heating, and window-unit cooling. Exterior signage includes a door sign and pole sign.
Fuel infrastructure includes four underground storage tanks with 22K fuel volume. Some fuel dispensers require repair. Public water and public sewer serve the property, and natural gas is available. Located at 6716 W Main Street in Houma, the site offers an established operating format that brings fuel, repair, and detailing functions together in one commercial property.
Fuel infrastructure includes four underground storage tanks with 22K fuel volume. Some fuel dispensers require repair. Public water and public sewer serve the property, and natural gas is available. Located at 6716 W Main Street in Houma, the site offers an established operating format that brings fuel, repair, and detailing functions together in one commercial property.
Key Highlights
- 1,326‑square‑foot gas station and automotive service property
- 0.23‑acre parcel at 6716 W Main Street, Houma, LA 70360
- Four underground storage tanks with 22K fuel volume
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
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - Includes vehicle repair and detailing operations alongside fuel service on W Main Street.
Where is this gas station located?
The property is located at 6716 W Main Street 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: 1,326‑square‑foot gas station and automotive service property; 0.23‑acre parcel at 6716 W Main Street, Houma, LA 70360; Four underground storage tanks with 22K fuel volume
