11334 Highway 23 Belle Chasse, LA 70037
Well-maintained combined store and restaurant offering open retail, dining, a commercial kitchen, and covered storage space.
Property Features for 11334 Highway 23
General Information
- Standard status
- Active
- Size
- 4,511 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing office Homesmart Realty South (504) 908-2426
Listing date Jun 9, 2026
Source Nolalivingrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Homesmart Realty South
Investment Insights
Based on property information with market context.
The site includes a detached 256-square-foot walk-in freezer adjacent to the main building. Most of the land has easements for government and right-of-way access, with approximately one acre used for the main site.
The layout provides a clear separation between customer-facing areas and kitchen/service functions, supported by both refrigerated and dedicated storage components.
Key Highlights
- Combined store and restaurant with 4,511 SF total space (4,255 SF main improvements) in very good condition
- Main area includes 3,468 SF finished/conditioned space with open retail, 2 service counters, walk‑in cooler/beer cave, and storage room
- Dining and back‑of‑house setup includes open dining room, commercial kitchen, and 2 restrooms
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.9k | $23.04 |
| − Vacancy | −$2.1k | −$0.46 |
| EGI | $101.9k | $22.58 |
| − OpEx | −$25.5k | −$5.64 |
| NOI | $76.4k | $16.93 |
