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    Turn-Key Mexican Restaurant with Drive-Through Title is generated by Realmo AI

    1100 Main Street, Logansport, LA 71049

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    Claim this Listing
    For Sale
    $145,000

    SINGLE_FAMILY - Logansport, LA

    Type:Retail
    Lot size:
    1.30 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 1100 Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot, Open
    Security features
    Security
    Standard status
    Active
    APN
    0801203752
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Description
    BEG 538.2 FT N & 118.57 FT E OF SW COR NW NE
    Tax Annual Amount
    203

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Tina Balentine

    Listing agent Tina Balentine License #0995683955

    Listing office Century 21 Elite Shreveport, LA

    Listing date Apr 16, 2026

    MLS# 20310154

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey restaurant building remodeled into a Mexican restaurant
    • Over 1‑acre property with drive‑through and outside storage
    • Building includes an 8‑foot vent hood, walk‑in cooler, and appliances currently on site
    • Includes cook table, ice machine, freezers, microwaves, and 55‑gallon water setup
    • Metal roof and metal siding with tile flooring
    • Central heat and central air, plus parking lot with open parking spaces

    Overview

    This turn-key restaurant is set up for immediate operation, with a drive-through configuration and an 8-foot vent hood for commercial cooking. The building includes an existing layout with tables, outside storage, and a walk-in cooler. The sale also includes appliances currently in the building, along with a cook table, ice machine, freezers, microwaves, and a 55-gallon water system, creating a practical, hands-on foodservice setup for an incoming owner.

    The property is positioned on more than one acre in Logansport, Louisiana, and includes a parking lot with available spaces for customers. The combination of drive-through service, on-site parking, and outside storage supports day-to-day restaurant operations and helps accommodate both dine-in and pickup activity.

    For buyers or operators, this is a strong fit for a Mexican restaurant concept or any foodservice user looking for a ready-to-run, equipment-equipped facility with drive-through appeal. The remodeled interior and included kitchen and refrigeration components reduce the need for initial buildout and equipment replacement, allowing a smoother path from acquisition to opening.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Logansport
    County
    De Soto
    State
    Louisiana
    Longitude
    -93.995043
    Latitude
    31.975378

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    FAQs

    What type of property is this?
    Conventional restaurant - Operational restaurant ready for a new operator, featuring a drive-through, vent hood, and complete kitchen equipment package.
    Where is this conventional restaurant located?
    The property is located at 1100 Main Street Logansport, LA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Turnkey restaurant building remodeled into a Mexican restaurant; Over 1‑acre property with drive‑through and outside storage; Building includes an 8‑foot vent hood, walk‑in cooler, and appliances currently on site
    (318) 868-3600
    We can help!
    Listing Contact
    Tina Balentine
    Real Estate License ID: 0995683955
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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