Restaurant Building with
For Sale
$449,000
2609 Broad Street, Lake Charles, LA 70615
Includes two dining areas, a commercial kitchen, walk-in cold storage, office space, and onsite parking.
Property Size2,639 SF
Lot Size0.73 Acres
Price / SF$170.14
Days on Market895
Property Features for 2609 Broad Street
General Information
Standard status
Active
Size
2,639 SF
Lot size
0.73 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
100
Equipment Included
Yes
Additional Details
Furnished
Yes
Asking Price
$449,000
Amenities
Water
Sewer
Building Details
Year Renovated
2008
Buildings
1
Listing Agency:
NAI Rampart Commercial Real Estate Lake Charles
(337) 529-6710
Listed By:
Joel Davidson
(337) 529-6710
Source:
Lacdb.resimplifi
Added: Mar 18, 2024
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 NAI Rampart Commercial Real Estate Lake Charles
Investment Insights
Based on property information with market context.
This ±2,639 SF restaurant building occupies an approximately 0.73-acre site on Broad Street / Hwy 90 in Lake Charles. The interior includes two dining areas, a kitchen with walk-in cooler and freezer, service counter, office, storage area, and two restrooms. A drive-thru and onsite parking support multiple service formats, while dining capacity is approximately 100 guests.
The building was renovated in 2008 and includes existing restaurant infrastructure, FF&E, and onsite inventory in the sale. Its commercial corridor setting places it near McDonald’s, Checkers, Dollar General, Exxon, Family Dollar, Steamboat Bill’s, and Knights Inn Lake Charles. The property address is 2609 Broad Street, Lake Charles, LA 70615.
The building was renovated in 2008 and includes existing restaurant infrastructure, FF&E, and onsite inventory in the sale. Its commercial corridor setting places it near McDonald’s, Checkers, Dollar General, Exxon, Family Dollar, Steamboat Bill’s, and Knights Inn Lake Charles. The property address is 2609 Broad Street, Lake Charles, LA 70615.
Key Highlights
- ±2,639 SF restaurant building on approximately 0.73 acres
- Drive‑thru, two dining areas, service counter, kitchen, office, storage, and two restrooms
- Dining capacity for approximately 100 guests with onsite parking
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
$39,819
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
8.87%
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%
$796,380
$796.4K
Cap Rate 7%
$568,843
$568.8K
Cap Rate 9%
$442,433
$442.4K
Market Conditions
NOI Build-Up for 2,639 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
$55.4K $21.00/SF
− Vacancy
−$2.3K −$0.88/SF
EGI
$53.1K $20.12/SF
− OpEx
−$13.3K −$5.03/SF
NOI
$39.8K $15.09/SF
Area
Calcasieu County, LA
Vacancy
4.20%
Lease Rate
$21.00 /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%
$796,380
Cap Rate 7%
$568,843
Cap Rate 9%
$442,433
Alternative Uses
Best Use
Specialty Retail
$568.8K
$497.7K – $663.7K
NOI $39,819 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
McDonald's
Dining
29,056 visits/mo
0.1 miles
Checkers
Dining
9,455 visits/mo
0.1 miles
Dollar General
Shops & Services
7,697 visits/mo
0.1 miles
Exxon
Shops & Services
6,653 visits/mo
0.1 miles
Chevron
Shops & Services
5,118 visits/mo
0.4 miles
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes two dining areas, a commercial kitchen, walk-in cold storage, office space, and onsite parking.
Where is this conventional restaurant located?
The property is located at 2609 Broad Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: ±2,639 SF restaurant building on approximately 0.73 acres; Drive‑thru, two dining areas, service counter, kitchen, office, storage, and two restrooms; Dining capacity for approximately 100 guests with onsite parking
