Restaurant with Equipment
For Sale
$600,000
4641 Main St, Zachary, LA 70791
Operating restaurant property with furniture, equipment, and concrete parking.
Property Size3,322 SF
Lot Size0.23 Acres
Price / SF$180.61
Days on Market793
Property Features for 4641 Main St
General Information
Standard status
Active
Size
3,322 SF
Lot size
0.23 Acres
Property subtype
Retail
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Buildings
1
Listing Agency:
Coldwell Banker ONE
(225) 933-8351
Listed By:
Brenda Garza · License #0000039834
(225) 933-8351
Source:
Lacdb.resimplifi
Added: Jul 1, 2024
Changed: Aug 31
Last Checked: Aug 31 at 12:47PM
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 ONE
Investment Insights
Based on property information with market context.
Restaurant property operating from a 3,322-square-foot building on 0.229 acres. The sale includes the restaurant’s equipment and furniture, along with concrete parking serving the site.
The property is located at 4641 Main St in Zachary’s downtown business district, within walking distance of downtown businesses.
The property is located at 4641 Main St in Zachary’s downtown business district, within walking distance of downtown businesses.
Key Highlights
- 3,322‑square‑foot restaurant building
- 0.229‑acre property
- Equipment and furniture included in the sale
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
$34,138
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
5.69%
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%
$682,760
$682.8K
Cap Rate 7%
$487,686
$487.7K
Cap Rate 9%
$379,311
$379.3K
Market Conditions
NOI Build-Up for 3,322 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
$49.0K $14.76/SF
− Vacancy
−$3.5K −$1.06/SF
EGI
$45.5K $13.70/SF
− OpEx
−$11.4K −$3.43/SF
NOI
$34.1K $10.28/SF
Area
East Baton Rouge County, LA
Vacancy
7.17%
Lease Rate
$14.76 /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%
$682,760
Cap Rate 7%
$487,686
Cap Rate 9%
$379,311
Alternative Uses
Best Use
Specialty Retail
$487.7K
$426.7K – $569.0K
NOI $34,138 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.4K
$599.7K – $799.6K
NOI $47,975 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
144k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 23%
Hotels & Casinos 1%
McDonald's
Dining
33,946 visits/mo
0.5 miles
SONIC Drive In
Dining
19,749 visits/mo
0.5 miles
Taco Bell
Dining
17,962 visits/mo
0.4 miles
Burger King
Dining
15,640 visits/mo
0.4 miles
Circle K
Shops & Services
8,088 visits/mo
0.4 miles
Demographics for 70791, LA
29,432
Population
12,112
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
119.1 sq mi
ZIP Area
247
Density / Sq Mi
$80,243
Median Household Income
$57,376
Median Earnings
$1,389
Median Rent
$269,800
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 - Operating restaurant property with furniture, equipment, and concrete parking.
Where is this conventional restaurant located?
The property is located at 4641 Main St Zachary, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,322‑square‑foot restaurant building; 0.229‑acre property; Equipment and furniture included in the sale
