Standalone Walk-Up
For Sale
$99,000
Pending
1716 S Main Street, Saint Martinville, LA 70582
Commercial Sale, St. Martinville, LA
Property Size480 SF
Lot Size0.10 Acres
Days on Market216
Property Features for 1716 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Security features
Security System
Exterior features
Roof Sign
Lot features
Commons, Easements
Directions
TAKE i-49 SOUTH EXIT 115b. TURN LEFT ONTO LA92-1. AT TRAFFIC CIRCLE THIRD EXIT ON LA-31. PROPERTY ON LEFT .8 MILES.
Subdivision
M2
Standard status
Pending
APN
1654033
Size
480 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
On leased land.
Legal Description
On leased land.
Utilities
Sewer type
Private Sewer
Water source
Public
Building Details
Flooring type
Vinyl
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Cassie L Goldsboro · License #0995680237
(337) 446-1783
Added: Feb 3
Changed: Aug 24
Last Checked: Sep 7 at 2:06PM
MLS# 2600000541
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 480-square-foot conventional restaurant is a standalone snack-shack operation with a walk-up service window, exterior menu boards, and visible roof signage. The premises include vinyl flooring, a bathroom, a metal roof, and furniture, fixtures, and equipment that convey with the business. Public water and private sewer serve the property.
The restaurant occupies a 0.1-acre site at 1716 S Main Street in St. Martinville and is located within a shopping center with a parking lot. An experienced employee is already in place and has indicated an interest in remaining with the operation, supporting continuity during a change in ownership.
The restaurant occupies a 0.1-acre site at 1716 S Main Street in St. Martinville and is located within a shopping center with a parking lot. An experienced employee is already in place and has indicated an interest in remaining with the operation, supporting continuity during a change in ownership.
Key Highlights
- 480‑square‑foot standalone conventional restaurant
- Walk‑up service window with exterior menu boards
- Furniture, fixtures, and 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
$5,033
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
5.08%
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%
$100,660
$100.7K
Cap Rate 7%
$71,900
$71.9K
Cap Rate 9%
$55,922
$55.9K
Market Conditions
NOI Build-Up for 480 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
$7.2K $15.00/SF
− Vacancy
−$490 −$1.02/SF
EGI
$6.7K $13.98/SF
− OpEx
−$1.7K −$3.49/SF
NOI
$5.0K $10.49/SF
Area
St. Martin County, LA
Vacancy
6.80%
Lease Rate
$15.00 /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%
$100,660
Cap Rate 7%
$71,900
Cap Rate 9%
$55,922
Alternative Uses
Best Use
Specialty Retail
$71.9K
$62.9K – $83.9K
NOI $5,033 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$105.4K
$92.2K – $123.0K
NOI $7,379 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Dollar General
Shops & Services
6,300 visits/mo
0.1 miles
Watermill Express
Shops & Services
1,349 visits/mo
0.1 miles
Pizza Hut
Dining
1,220 visits/mo
0.1 miles
Wingstreet
Dining
449 visits/mo
0.1 miles
Fred's Super Dollar
Shops & Services
161 visits/mo
0.4 miles
Demographics for 70582, LA
19,088
Population
9,122
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
148.0 sq mi
ZIP Area
129
Density / Sq Mi
$46,690
Median Household Income
$36,265
Median Earnings
$787
Median Rent
$149,100
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?
Conventional restaurant - Food-service business includes furnishings, equipment, signage, and on-site parking within a shopping center.
Where is this conventional restaurant located?
The property is located at 1716 S Main Street Saint Martinville, LA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 480‑square‑foot standalone conventional restaurant; Walk‑up service window with exterior menu boards; Furniture, fixtures, and equipment included
