Freestanding Restaurant
For Sale
$1,750,000
17497 Airline Hwy, Prairieville, LA 70769
Freestanding restaurant building on Airline Highway with extensive 2022 renovations and prime highway visibility.
Property Size7,497 SF
Days on Market73
Property Features for 17497 Airline Hwy
General Information
Standard status
Active
Size
7,497 SF
Property subtype
Retail
Building Details
Building Size
7,497 SF
Listing Agency:
Beau Box Commercial Real Estate
Listed By:
Ashlyn Plaisance · License #0995697184
(225) 717-2790
Source:
Beaubox
Added: Jun 25
Changed: Aug 15
Last Checked: Sep 5 at 4:29AM
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
17497 Airline Hwy is a 7,497 +/- SF freestanding commercial building currently operating as a daiquiri shop. The building was fully renovated in 2022 and includes a grease trap and hood in place, supporting foodservice operations. Daiquiri machines are not included in the sales price.
The property is positioned along Airline Highway with frontage and traffic exposure exceeding 52,000 vehicles per day, and it provides convenient access with ample parking plus front and rear access. The site includes excess land that may support potential expansion or outdoor use.
The property is described as being in Flood Zone X. The offering notes mixed-use zoning with zoning for alcohol sales, and it also includes Lamar billboard income.
The property is positioned along Airline Highway with frontage and traffic exposure exceeding 52,000 vehicles per day, and it provides convenient access with ample parking plus front and rear access. The site includes excess land that may support potential expansion or outdoor use.
The property is described as being in Flood Zone X. The offering notes mixed-use zoning with zoning for alcohol sales, and it also includes Lamar billboard income.
Key Highlights
- 7,497 +/- SF freestanding commercial building operating as a daiquiri shop
- Fully renovated in 2022 with Prime Airline Highway frontage and traffic counts exceeding 52,000 VPD
- Excess land provides potential expansion or outdoor use
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
$89,296
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
5.10%
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%
$1,785,920
$1.8M
Cap Rate 7%
$1,275,657
$1.3M
Cap Rate 9%
$992,178
$992.2K
Market Conditions
NOI Build-Up for 7,497 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
$127.7K $17.04/SF
− Vacancy
−$8.7K −$1.16/SF
EGI
$119.1K $15.88/SF
− OpEx
−$29.8K −$3.97/SF
NOI
$89.3K $11.91/SF
Area
Ascension County, LA
Vacancy
6.80%
Lease Rate
$17.04 /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%
$1,785,920
Cap Rate 7%
$1,275,657
Cap Rate 9%
$992,178
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,296 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,154 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
159k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Dining 22%
Shops & Services 14%
Beauty & Spa 3%
Walmart
Superstores
96,022 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
28,019 visits/mo
0.3 miles
Take 5 Oil Change
Shops & Services
7,006 visits/mo
0.1 miles
Smoothie King
Dining
6,668 visits/mo
0.4 miles
Regions Bank
Shops & Services
6,542 visits/mo
0.2 miles
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
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.
Similar Off Market Nearby
- C.M.s — 37069 Timothy Dr, Prairieville, LA 70769
- Fat Cat Saloon — 17346 Airline Hwy, Prairieville, LA 70769
- Spanky's Daiquiris Prairieville — 17316 Airline Hwy, Prairieville, LA 70769
- Mambo Dance Club — 17378 Airline Hwy, Prairieville, LA 70769
- Urban Daquiris — 17497 Airline Hwy, Prairieville, LA 70769
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding restaurant building on Airline Highway with extensive 2022 renovations and prime highway visibility.
Where is this bar & pub located?
The property is located at 17497 Airline Hwy Prairieville, LA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7,497 +/- SF freestanding commercial building operating as a daiquiri shop; Fully renovated in 2022 with Prime Airline Highway frontage and traffic counts exceeding 52,000 VPD; Excess land provides potential expansion or outdoor use
