Restaurant Building on
For Sale
$849,000
30123 HWY 22, Springfield, LA 70462
Commercial, Springfield, LA
Property Size4,404 SF
Lot Size1.04 Acres
Price / SF$192.78
Days on Market95
Property Features for 30123 HWY 22
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c
Lot features
1-5 Acres
Subdivision
LIV MLS Area 80
Standard status
Active
APN
0060184218
Size
4,404 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Description
A LOT SEC 31-7-7 MEAS W 320.3, N 141.50, E 320.3, SOUTH TO POB CONTS 1.04 ACRES
Legal Description
A LOT SEC 31-7-7 MEAS W 320.3, N 141.50, E 320.3, SOUTH TO POB CONTS 1.04 ACRES
Utilities
Water source
Public
Building Details
Year built
1994
Listing Agency:
REMAX ALLIANCE · RE/MAX International
(985) 626-1561
Listed By:
Tonita Mack
(985) 969-5953
Added: Jun 6
Changed: Aug 19
Last Checked: Sep 8 at 5:06AM
MLS# 2561956
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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.
The property comprises a 4,404-square-foot restaurant building situated on 1.04 acres. Built in 1994, the improvements are associated with a former restaurant use, and the site is served by public water.
Located at 30123 HWY 22 in Springfield, Louisiana, the property is within Livingston Parish and carries a c zoning designation. Its restaurant-oriented configuration provides a defined commercial use for an owner or operator evaluating the asset.
Located at 30123 HWY 22 in Springfield, Louisiana, the property is within Livingston Parish and carries a c zoning designation. Its restaurant-oriented configuration provides a defined commercial use for an owner or operator evaluating the asset.
Key Highlights
- 4,404‑square‑foot restaurant building
- 1.04‑acre site
- Constructed in 1994
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
$73,830
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
8.70%
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%
$1,476,600
$1.5M
Cap Rate 7%
$1,054,714
$1.1M
Cap Rate 9%
$820,333
$820.3K
Market Conditions
NOI Build-Up for 4,404 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
$98.8K $22.44/SF
− Vacancy
−$385 −$0.09/SF
EGI
$98.4K $22.35/SF
− OpEx
−$24.6K −$5.59/SF
NOI
$73.8K $16.76/SF
Area
Livingston County, LA
Vacancy
0.39%
Lease Rate
$22.44 /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%
$1,476,600
Cap Rate 7%
$1,054,714
Cap Rate 9%
$820,333
Alternative Uses
Best Use
Specialty Retail
$1.05M
$922.9K – $1.23M
NOI $73,830 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70462, LA
5,490
Population
3,042
Households
1.8
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
79.6 sq mi
ZIP Area
69
Density / Sq Mi
$62,520
Median Household Income
$32,195
Median Earnings
$1,393
Median Rent
$238,000
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with public water service and a building constructed in 1994.
Where is this conventional restaurant located?
The property is located at 30123 HWY 22 Springfield, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,404‑square‑foot restaurant building; 1.04‑acre site; Constructed in 1994
