Convenience Store with Nail
For Sale
$299,000
830 Canal St, Jeanerette, LA 70544
Corner-lot retail property with food-preparation facilities and a separately improved salon building.
Property Size3,000 SF
Price / SF$99.67
Days on Market69
Property Features for 830 Canal St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Buildings
2
Listing Agency:
Keller Williams Realty Acadiana
(337) 349-8869
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Source:
Lacdb.resimplifi
Added: Jun 23
Changed: Aug 29
Last Checked: Aug 29 at 7:27PM
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 Acadiana
Investment Insights
Based on property information with market context.
This 3,000-square-foot commercial property combines a convenience store with a second building used as a nail salon. The store includes an operating kitchen along with an outdoor kitchen designed for seafood boiling and related food preparation.
The additional building is equipped for nail salon operations, and the sale includes its equipment. The property occupies a corner lot at 830 Canal St in Jeanerette, Louisiana.
The additional building is equipped for nail salon operations, and the sale includes its equipment. The property occupies a corner lot at 830 Canal St in Jeanerette, Louisiana.
Key Highlights
- 3,000‑square‑foot convenience store property
- Corner‑lot position at 830 Canal St, Jeanerette, LA 70544
- Fully functional interior kitchen
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
$24,142
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
8.07%
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%
$482,840
$482.8K
Cap Rate 7%
$344,886
$344.9K
Cap Rate 9%
$268,244
$268.2K
Market Conditions
NOI Build-Up for 3,000 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
$36.0K $12.00/SF
− Vacancy
−$1.5K −$0.50/SF
EGI
$34.5K $11.50/SF
− OpEx
−$10.3K −$3.45/SF
NOI
$24.1K $8.05/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$12.00 /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%
$482,840
Cap Rate 7%
$344,886
Cap Rate 9%
$268,244
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70544, LA
10,775
Population
4,637
Households
2.3
Avg Household Size
42
Median Age
13%
College-Educated
84%
High-School Grad
102.7 sq mi
ZIP Area
105
Density / Sq Mi
$57,819
Median Household Income
$42,073
Median Earnings
$758
Median Rent
$110,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Canal — 1220 Main St, Jeanerette, LA 70544
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner-lot retail property with food-preparation facilities and a separately improved salon building.
Where is this grocery and convenience store located?
The property is located at 830 Canal St Jeanerette, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,000‑square‑foot convenience store property; Corner‑lot position at 830 Canal St, Jeanerette, LA 70544; Fully functional interior kitchen
