Container Restaurant with Outdoor
For Sale
$350,000
1101 State Hwy 18, Westwego, LA 70094
Permitted restaurant with indoor and outdoor dining, dedicated parking, ADA access, and commercial kitchen infrastructure.
Property Size1,200 SF
Price / SF$291.67
Days on Market347
Property Features for 1101 State Hwy 18
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
8
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Additional Details
Traffic Count
40,000 vehicles/day
Amenities
shade structure
ADA ramps
Building Details
Construction
container
Listing Agency:
Keller Williams Realty New Orleans
(504) 460-5957
Listed By:
Jared Zeller · License #0995691614
(504) 460-5957
Source:
Exprealty
Added: Sep 19, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
Located at 1101 State Hwy 18 in Westwego, this 1,200-square-foot restaurant is configured from two 40-foot containers arranged around an outdoor dining area with a shade structure. The property includes interior seating, a storage area, ADA ramps, restrooms, a six-foot hood with fire suppression, and two grease traps. The restaurant is licensed and permitted for operation.
Site improvements include a True Grid pervious paved parking area with seven spaces, including one handicapped space. Mechanical systems consist of a 7-ton HVAC unit serving the blue container, a 2-ton unit serving the yellow container, and a mini-split system in storage. Engineering addressed curb-cut and setback requirements associated with the Louisiana Department of Transportation and the City of Westwego. The property is positioned along a roadway reported to carry 40,000 plus cars daily.
Site improvements include a True Grid pervious paved parking area with seven spaces, including one handicapped space. Mechanical systems consist of a 7-ton HVAC unit serving the blue container, a 2-ton unit serving the yellow container, and a mini-split system in storage. Engineering addressed curb-cut and setback requirements associated with the Louisiana Department of Transportation and the City of Westwego. The property is positioned along a roadway reported to carry 40,000 plus cars daily.
Key Highlights
- 1,200‑square‑foot restaurant built from two 40‑foot containers
- Licensed and permitted restaurant with indoor and outdoor seating
- Outdoor dining area includes a shade structure
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
$20,321
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
5.81%
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%
$406,420
$406.4K
Cap Rate 7%
$290,300
$290.3K
Cap Rate 9%
$225,789
$225.8K
Market Conditions
NOI Build-Up for 1,200 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
$27.6K $23.04/SF
− Vacancy
−$553 −$0.46/SF
EGI
$27.1K $22.58/SF
− OpEx
−$6.8K −$5.64/SF
NOI
$20.3K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /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%
$406,420
Cap Rate 7%
$290,300
Cap Rate 9%
$225,789
Alternative Uses
Best Use
Specialty Retail
$290.3K
$254.0K – $338.7K
NOI $20,321 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,411 visits/mo
0.1 miles
H&R Block
Shops & Services
518 visits/mo
0.5 miles
Demographics for 70094, LA
30,638
Population
13,683
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
79%
High-School Grad
36.2 sq mi
ZIP Area
846
Density / Sq Mi
$52,657
Median Household Income
$36,079
Median Earnings
$1,172
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Permitted restaurant with indoor and outdoor dining, dedicated parking, ADA access, and commercial kitchen infrastructure.
Where is this conventional restaurant located?
The property is located at 1101 State Hwy 18 Westwego, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,200‑square‑foot restaurant built from two 40‑foot containers; Licensed and permitted restaurant with indoor and outdoor seating; Outdoor dining area includes a shade structure
