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    910 & 908 Tate Cove Road Ville Platte, LA 70586

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    Claim this Listing
    Pending
    $225,000

    COMMERCIAL - Ville Platte, LA

    Property size:
    2,000 SF
    Lot size:
    0.50 Acres
    Added:
    Sep 10, 2025
    Days on Market:
    238
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 910 & 908 Tate Cove Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial/res
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    10
    Exterior features
    Outside Storage, Pole Sign, Storage Building
    Standard status
    Pending
    APN
    1110015000
    Size
    2,000 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    M. & E. 1260 MDSE. 260 LOCATED AT FROSTY DRIVE INN (910 TATE COVE RD.) C-186 P.394 #474110 2 LOTS 800-LOTS 68 & 69 FABOURG SUBDIV. B. 156 P.110 #196183 IMP.H. 2400 IMP. FROSTY ICE CREAM STAND 2500

    Utilities

    Heating system
    Wall Furnace, Zoned, Natural Gas, Central, Electric (Heating)
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Rachel Thomas
    Rachel Thomas

    Listing agent Rachel Thomas License #0995698688

    Listing office EXP Realty, LLC 1318 Camellia Blvd. Suite 222, Lafayette, LA

    Listing date Sep 10, 2025

    MLS# 2500003311

    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.

    Overview

    Iconic Restaurant and Home Bundle

    This is a rare opportunity to own a piece of local history in Ville Platte. Included in this bundle is the iconic Frosty Inn, a well-known burger and shake stand with a loyal customer base, and the adjacent home. Frosty Inn is known across Evangeline Parish for its nostalgic charm, walk-up service, and burgers and shakes. This turnkey business has been operating since the 1950s and continues to thrive as a community favorite. The package also includes a 3-bedroom, 1-bath home, offering a live-work opportunity. The home or the restaurant can be leased out for additional income streams. The established restaurant has decades of history and steady traffic. It is a cash-flowing, ready-to-operate business included in the sale. The home on the property offers convenience, flexibility, or rental potential. The property is in a prime location along Tate Cove Rd with visibility from I-49 access. The property size is 2000 square feet and the lot size is 0.5 acres. This business and residence bundle is a chance to build both income and lifestyle in Ville Platte.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frosty Inn Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ville Platte
    County
    Evangeline
    State
    Louisiana
    Longitude
    -92.26235
    Latitude
    30.692884

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    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey restaurant and residence bundle in Ville Platte, Louisiana.
    Where is this turn key restaurant located?
    The property is located at 910 & 908 Tate Cove Road Ville Platte, LA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Established, cash‑flowing restaurant (Frosty Inn) with decades of history and loyal customer base included in the sale.; Includes a comfortable 3‑bedroom, 1‑bath home, offering a live‑work opportunity or rental income potential.; Prime location on Tate Cove Rd with high visibility from I‑49 access.
    (337) 831-1734
    We can help!
    Listing Contact
    Rachel Thomas
    Rachel Thomas
    Real Estate License ID: 0995698688
    Learn More
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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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