Convenience Retail Gas
For Sale
Contact for pricing
Pending
7144 Greenwell Springs Rd, Baton Rouge, LA 70805
For sale retail gas station property offering 2,367 SqFt and an advertised 8.00% cap rate.
Property Size2,367 SF
Days on Market56
Property Features for 7144 Greenwell Springs Rd
General Information
Standard status
Pending
Size
2,367 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Cap Rate
8%
Building Details
Year Built
1962
Year Renovated
2024
Tenancy
Single
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Drew Isaac · License #CO FA.100023779
Source:
Crexi
Added: Jul 13
Changed: Sep 2
Last Checked: Sep 2 at 5:35AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This for-sale convenience retail gas station property is offered as a retail asset totaling 2,367 SqFt. The listing includes an advertised 8.00% cap rate.
The property is located at 7144 Greenwell Springs Rd in Baton Rouge, Louisiana.
The offering is presented as a retail-focused commercial real estate asset within the gas station and convenience retail category.
The property is located at 7144 Greenwell Springs Rd in Baton Rouge, Louisiana.
The offering is presented as a retail-focused commercial real estate asset within the gas station and convenience retail category.
Key Highlights
- Retail gas station property built in 1962
- 2,367 SF retail building
- Advertised 8.00% cap rate
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
$39,681
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
3.03%
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%
$793,620
$793.6K
Cap Rate 7%
$566,871
$566.9K
Cap Rate 9%
$440,900
$440.9K
Market Conditions
NOI Build-Up for 2,367 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
$53.1K $22.44/SF
− Vacancy
−$207 −$0.09/SF
EGI
$52.9K $22.35/SF
− OpEx
−$13.2K −$5.59/SF
NOI
$39.7K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /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%
$793,620
Cap Rate 7%
$566,871
Cap Rate 9%
$440,900
Alternative Uses
Best Use
Specialty Retail
$566.9K
$496.0K – $661.4K
NOI $39,681 @ 7.0% cap · market cap 3.03%
Second Best
Retail
$529.1K
$463.0K – $617.3K
NOI $37,036 @ 7.0% cap · market cap 2.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 32%
Home Improvements & Furnishings 4%
Family Dollar
Shops & Services
7,267 visits/mo
0.1 miles
Pizza Hut
Dining
7,141 visits/mo
0.5 miles
Dollar General
Shops & Services
7,073 visits/mo
0.1 miles
Shell
Shops & Services
4,474 visits/mo
0.4 miles
U-Haul
Shops & Services
3,308 visits/mo
0.4 miles
Demographics for 70805, LA
26,025
Population
11,502
Households
2.3
Avg Household Size
34
Median Age
11%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,283
Density / Sq Mi
$26,301
Median Household Income
$24,287
Median Earnings
$833
Median Rent
$103,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - For sale retail gas station property offering 2,367 SqFt and an advertised 8.00% cap rate.
Where is this gas station located?
The property is located at 7144 Greenwell Springs Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,311,000.
What are key features of this property?
This property features: Retail gas station property built in 1962; 2,367 SF retail building; Advertised 8.00% cap rate
