Corner Convenience Store with
For Sale
$279,000
830 Canal Street, Jeanerette, LA 70544
Commercial Sale, Jeanerette, LA
Property Size3,000 SF
Lot Size0.41 Acres
Price / SF$93
Days on Market98
Property Features for 830 Canal Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Parking features
Parking Lot
Exterior features
Fully Fenced, Pole Sign
Fencing
Full
Lot features
Corner
Directions
From US-90, take the exit toward Jeanerette/LA-182. Continue into Jeanerette on Main Street (LA-182), then turn onto Canal Street. Continue along Canal Street, and 830 Canal St will be on your left.
Subdivision
I5
Standard status
Active
APN
0601095500
Size
3,000 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
1- 120 X 150 (0.41 AC) ITEM 2 DEGRAVELLE, OLSEN SECURITIES, CANAL ROAD, PRIVATE RD BEING LOT B-1 ON PLAT DATED 1/7/1985 LOCATED IN SEC 43, T13S, R8E IMP (830 S CANAL ST) ITEM 1 LAND COMM SITE DEVELOPMENT ITEM 3 ACQ: MIKE AND MARY INC - 2018 (1645-574)
Legal Description
1- 120 X 150 (0.41 AC) ITEM 2 DEGRAVELLE, OLSEN SECURITIES, CANAL ROAD, PRIVATE RD BEING LOT B-1 ON PLAT DATED 1/7/1985 LOCATED IN SEC 43, T13S, R8E IMP (830 S CANAL ST) ITEM 1 LAND COMM SITE DEVELOPMENT ITEM 3 ACQ: MIKE AND MARY INC - 2018 (1645-574)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
outdoor kitchen
Building Details
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Added: Jun 22
Changed: Sep 12
Last Checked: Sep 27 at 5:06AM
MLS# 2600005615
Copyright © 2026 Realtor Association of Acadiana. 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.
This 3,000-square-foot convenience store occupies a 0.41-acre corner lot in Jeanerette. The property includes an interior kitchen and a separate outdoor kitchen area designed for seafood boiling. A second building on the site operates as a nail salon, with its equipment included in the sale.
The property is zoned commercial and provides a parking lot, full fencing, and a pole sign. Improvements include stucco construction, a metal roof, central heating and central air, and public water service. The additional salon building expands the existing commercial layout beyond the primary convenience store operation.
The property is zoned commercial and provides a parking lot, full fencing, and a pole sign. Improvements include stucco construction, a metal roof, central heating and central air, and public water service. The additional salon building expands the existing commercial layout beyond the primary convenience store operation.
Key Highlights
- 3,000‑square‑foot convenience store on a 0.41‑acre corner lot
- Indoor kitchen plus outdoor kitchen area for seafood boiling
- Separate nail salon building with equipment included
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
8.65%
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 8.65%
Second Best
Industrial
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
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
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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Similar Off Market Nearby
- Canal — 1220 Main St, Jeanerette, LA 70544
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial convenience store with indoor and outdoor kitchen areas, plus a separate nail salon building and dedicated parking.
Where is this grocery and convenience store located?
The property is located at 830 Canal Street Jeanerette, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,000‑square‑foot convenience store on a 0.41‑acre corner lot; Indoor kitchen plus outdoor kitchen area for seafood boiling; Separate nail salon building with equipment included
