Leased Restaurant
For Sale
$220,000
1219 N Highway 171, Lake Charles, LA 70611
Commercial restaurant space on N Highway 171 includes parking and is located near I-10.
Property Size2,135 SF
Price / SF$103.04
Days on Market788
Property Features for 1219 N Highway 171
General Information
Standard status
Active
Size
2,135 SF
Property subtype
Retail
Zoning
B
Additional Details
Highway Access
Yes
Listing Agency:
Coldwell Banker Ingle Safari R
(337) 304-0481
Listed By:
Robbie Ingle · License #912122392
(337) 304-0481
Source:
Lacdb.resimplifi
Added: Jul 5, 2024
Changed: Aug 31
Last Checked: Aug 31 at 3:54AM
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 Ingle Safari R
Investment Insights
Based on property information with market context.
This restaurant property at 1219 N Highway 171 provides 2,135 square feet of commercial space, with parking serving the site. The property is zoned B and is configured for restaurant operations. An existing lease is in place, and a restaurant business is currently operating at the location.
The site is positioned near I-10, providing access to a major interstate route. The property does not display a for-sale sign, and showings require discretion because of the ongoing business and lease. Additional lease information is available through the listing process.
The site is positioned near I-10, providing access to a major interstate route. The property does not display a for-sale sign, and showings require discretion because of the ongoing business and lease. Additional lease information is available through the listing process.
Key Highlights
- 2,135 square feet of restaurant space
- Existing lease with an operating restaurant business
- Zoned B
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
$18,840
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
8.56%
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%
$376,800
$376.8K
Cap Rate 7%
$269,143
$269.1K
Cap Rate 9%
$209,333
$209.3K
Market Conditions
NOI Build-Up for 2,135 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
$28.2K $13.20/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$26.9K $12.61/SF
− OpEx
−$8.1K −$3.78/SF
NOI
$18.8K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$376,800
Cap Rate 7%
$269,143
Cap Rate 9%
$209,333
Alternative Uses
Best Use
Specialty Retail
$460.2K
$402.7K – $536.9K
NOI $32,214 @ 7.0% cap · market cap 14.64%
Second Best
Retail
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 8.56%
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
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 31%
Hotels & Casinos 4%
Home Improvements & Furnishings 2%
Raceway
Shops & Services
21,514 visits/mo
0.1 miles
Church's Chicken
Dining
9,233 visits/mo
0.1 miles
Burger King
Dining
7,491 visits/mo
0.2 miles
Dollar General
Shops & Services
6,955 visits/mo
0.1 miles
Taco Bell
Dining
5,761 visits/mo
0.0 miles
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
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 - Commercial restaurant space on N Highway 171 includes parking and is located near I-10.
Where is this conventional restaurant located?
The property is located at 1219 N Highway 171 Lake Charles, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,135 square feet of restaurant space; Existing lease with an operating restaurant business; Zoned B
