Drive-Thru Restaurant with
For Sale
$435,000
1322 Moss Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size2,295 SF
Lot Size0.34 Acres
Price / SF$189.54
Days on Market499
Property Features for 1322 Moss Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
15
Parking features
Off Street
Security features
Security System
Exterior features
Door Sign, Pole Sign
Lot features
Corner, Level
Directions
From Evangeline Throughway, turn on Willow toward Moss Street. Restaurant is located .3 miles on right on the corner of Moss and Willow.
Subdivision
D
Standard status
Active
APN
6067765
Size
2,295 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
S P Of Lot 2 & S P Of Lot 3 Blk 2 Northside Sub 563741-Sp Lot 1 (Less 779 Sq Ft 82-13668) & W 1/2 Of Lot 2 Blk 2 Northside Sub 625445 S P Lot 3-4-5 Blk 2 Northside Sub
Legal Description
S P Of Lot 2 & S P Of Lot 3 Blk 2 Northside Sub 563741-Sp Lot 1 (Less 779 Sq Ft 82-13668) & W 1/2 Of Lot 2 Blk 2 Northside Sub 625445 S P Lot 3-4-5 Blk 2 Northside Sub
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Composition, Tar/Gravel
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Yanli Foshee · License #0995695988
(337) 789-7066
Added: Apr 14, 2025
Changed: Aug 15
Last Checked: Aug 25 at 11:06AM
MLS# 2020022775
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 fully operational drive-thru restaurant property includes furniture, fixtures, and equipment, supporting an efficient transition for a new concept or rebranding. The interior includes tile flooring and two bathrooms. Comfort systems include central heating with central air conditioning and ceiling fans.
Set on a 0.34-acre lot, the building is approximately 2,295 SF and features off-street parking. Exterior features include a door sign and a pole sign. Water service is provided by public water, and the roof is described as tar/gravel and composition.
The property is zoned Commercial and is located at 1322 Moss Street in Lafayette, Louisiana 70501.
Set on a 0.34-acre lot, the building is approximately 2,295 SF and features off-street parking. Exterior features include a door sign and a pole sign. Water service is provided by public water, and the roof is described as tar/gravel and composition.
The property is zoned Commercial and is located at 1322 Moss Street in Lafayette, Louisiana 70501.
Key Highlights
- Drive‑thru restaurant includes furniture, fixtures, and equipment
- 0.34‑acre lot with approximately 2,295 SF building
- Zoned Commercial
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
$29,821
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
6.86%
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%
$596,420
$596.4K
Cap Rate 7%
$426,014
$426.0K
Cap Rate 9%
$331,344
$331.3K
Market Conditions
NOI Build-Up for 2,295 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
$43.2K $18.84/SF
− Vacancy
−$3.5K −$1.51/SF
EGI
$39.8K $17.33/SF
− OpEx
−$9.9K −$4.33/SF
NOI
$29.8K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /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%
$596,420
Cap Rate 7%
$426,014
Cap Rate 9%
$331,344
Alternative Uses
Best Use
Specialty Retail
$426.0K
$372.8K – $497.0K
NOI $29,821 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.6K
$474.8K – $633.1K
NOI $37,983 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
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.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Commercial drive-thru restaurant on 0.34-acre lot with central HVAC, off-street parking, and included FF&E.
Where is this drive through restaurant located?
The property is located at 1322 Moss Street Lafayette, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Drive‑thru restaurant includes furniture, fixtures, and equipment; 0.34‑acre lot with approximately 2,295 SF building; Zoned Commercial
