Remodeled Restaurant with
For Sale
$1,275,000
6301 Line Avenue, Shreveport, LA 71106
Operating restaurant with a bar, dining room, commercial kitchen, patio, and dedicated parking.
Property Size5,100 SF
Price / SF$250
Days on Market36
Property Features for 6301 Line Avenue
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
55
Property subtype
Retail
Zoning
C-UC
Restaurant
Patio
Yes
Equipment Included
Yes
Building Details
Building Size
5,100 SF
Year Built
1970
Year Renovated
2017
Stories
1
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Andrew Cordaro · License #995686324
(214) 500-0359
Source:
Cbcworldwide
Added: Aug 1
Changed: Sep 4
Last Checked: Sep 5 at 3:34AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This 5,100-square-foot restaurant includes a 510-square-foot patio, bar area, dining room, and fully operational commercial kitchen. The building was remodeled in 2017 and offers an established layout for restaurant operations. On-site parking includes 55 spaces.
The property is located at 6301 Line Avenue in Shreveport, Louisiana, and carries C-UC, Commercial Urban Corridor zoning. Originally built in 1970, the building combines an existing restaurant configuration with a remodeled interior and outdoor dining area.
The property is located at 6301 Line Avenue in Shreveport, Louisiana, and carries C-UC, Commercial Urban Corridor zoning. Originally built in 1970, the building combines an existing restaurant configuration with a remodeled interior and outdoor dining area.
Key Highlights
- 5,100 SF restaurant building with 510 SF patio
- Fully operational commercial kitchen with bar and dining room
- 55 on‑site parking spaces
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
$56,687
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
4.45%
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%
$1,133,740
$1.1M
Cap Rate 7%
$809,814
$809.8K
Cap Rate 9%
$629,856
$629.9K
Market Conditions
NOI Build-Up for 5,100 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
$79.6K $15.60/SF
− Vacancy
−$4.0K −$0.78/SF
EGI
$75.6K $14.82/SF
− OpEx
−$18.9K −$3.70/SF
NOI
$56.7K $11.11/SF
Area
Shreveport, LA
Vacancy
5.00%
Lease Rate
$15.60 /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%
$1,133,740
Cap Rate 7%
$809,814
Cap Rate 9%
$629,856
Alternative Uses
Best Use
Specialty Retail
$809.8K
$708.6K – $944.8K
NOI $56,687 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$456.3K
$399.3K – $532.4K
NOI $31,942 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.08M
$941.9K – $1.26M
NOI $75,349 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
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 - Operating restaurant with a bar, dining room, commercial kitchen, patio, and dedicated parking.
Where is this conventional restaurant located?
The property is located at 6301 Line Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 5,100 SF restaurant building with 510 SF patio; Fully operational commercial kitchen with bar and dining room; 55 on‑site parking spaces
