Former Gas Station and
For Sale
Contact for pricing
7980 Airline Hwy, Baton Rouge, LA 70806
Former gas station convenience store includes an attached warehouse and a separate vacant c-store building component.
Property Size5,250 SF
Price / SF$129.52
Days on Market228
Property Features for 7980 Airline Hwy
General Information
Standard status
Active
Size
5,250 SF
Property subtype
RETAIL
Zoning
C2
Site & Location
Traffic Count
41,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Beau Box Commercial Real Estate
(225) 237-3343
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Moodyscre
Added: Jan 22
Changed: Aug 22
Last Checked: Aug 14 at 8:01AM
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
This property is a former gas station convenience store offering an attached 1,250 SF warehouse. In addition, there is a 4,000 SF vacant c-store building component on the site.
The property is located at the northwest corner intersection of Airline Hwy and Tom Drive, with approximately 41,000 vehicles passing by daily, according to the provided information.
The site is zoned C2 Heavy Commercial. The property is identified as being in Flood Zone X in the provided materials.
The property is located at the northwest corner intersection of Airline Hwy and Tom Drive, with approximately 41,000 vehicles passing by daily, according to the provided information.
The site is zoned C2 Heavy Commercial. The property is identified as being in Flood Zone X in the provided materials.
Key Highlights
- Former gas station c‑store with attached 1,250 SF warehouse and a separate vacant c‑store building component
- Includes a 4,000 SF vacant c‑store building component
- Located at the northwest corner of Airline Hwy and Tom Drive
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
$35,010
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
5.15%
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%
$700,200
$700.2K
Cap Rate 7%
$500,143
$500.1K
Cap Rate 9%
$389,000
$389.0K
Market Conditions
NOI Build-Up for 5,250 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
$51.0K $9.72/SF
− Vacancy
−$1.0K −$0.19/SF
EGI
$50.0K $9.53/SF
− OpEx
−$15.0K −$2.86/SF
NOI
$35.0K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
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%
$700,200
Cap Rate 7%
$500,143
Cap Rate 9%
$389,000
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,013 @ 7.0% cap · market cap 12.94%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,145 @ 7.0% cap · market cap 12.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 36%
Home Improvements & Furnishings 26%
The Home Depot
Home Improvements & Furnishings
30,634 visits/mo
0.4 miles
RaceTrac
Shops & Services
27,349 visits/mo
0.2 miles
Wendy's
Dining
14,732 visits/mo
0.4 miles
Jack in the Box
Dining
10,979 visits/mo
0.2 miles
SONIC Drive In
Dining
10,439 visits/mo
0.5 miles
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
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 - Former gas station convenience store includes an attached warehouse and a separate vacant c-store building component.
Where is this gas station located?
The property is located at 7980 Airline Hwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Former gas station c‑store with attached 1,250 SF warehouse and a separate vacant c‑store building component; Includes a 4,000 SF vacant c‑store building component; Located at the northwest corner of Airline Hwy and Tom Drive
