Restaurant Building With Commercial
For Sale
$574,000
1412 Ridge Ave, West Monroe, LA 71291
Built in 2018, the property includes food-service infrastructure, offices, restrooms, and dedicated on-site parking.
Property Size2,261 SF
Lot Size0.95 Acres
Price / SF$253.87
Days on Market24
Property Features for 1412 Ridge Ave
General Information
Standard status
Active
Size
2,261 SF
Total Parking Spaces
35
Lot size
0.95 Acres
Property subtype
Retail
Zoning
B-3
Restaurant
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Asking Price
$574,000
Highway Access
Yes
Amenities
8-camera security system
Power
Water
Sewer
Natural Gas
Building Details
Year Built
2018
Buildings
1
Listing Agency:
John Rea Realty
(318) 261-0892
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Lacdb.resimplifi
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 8:49PM
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 John Rea Realty
Investment Insights
Based on property information with market context.
Built in 2018 by ARCO Builders, this ±2,261 SF commercial building occupies ±0.95 acres and is configured for restaurant and specialty food operations. The interior includes a customer service area, wrap-around counter, commercial kitchen infrastructure with grease interceptor, stock room, employee break area, private office with one-way glass, and separate staff and public restrooms. Furniture, fixtures, and equipment convey with the sale, along with an 8-camera security system.
The property is positioned near Cypress Street and I-20, providing access to major transportation routes without primary-corridor frontage. Approximately 35 striped parking spaces support customer and employee use. Zoned B-3, the layout also supports medical, professional office, wellness, educational, retail, catering, café, coffee, bakery, ice cream, and other service-oriented concepts as stated in the property information.
The property is positioned near Cypress Street and I-20, providing access to major transportation routes without primary-corridor frontage. Approximately 35 striped parking spaces support customer and employee use. Zoned B-3, the layout also supports medical, professional office, wellness, educational, retail, catering, café, coffee, bakery, ice cream, and other service-oriented concepts as stated in the property information.
Key Highlights
- ±2,261 SF commercial building on ±0.95 acres
- Built in 2018 by ARCO Builders
- Commercial kitchen infrastructure with grease interceptor
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
$28,875
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
5.03%
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%
$577,500
$577.5K
Cap Rate 7%
$412,500
$412.5K
Cap Rate 9%
$320,833
$320.8K
Market Conditions
NOI Build-Up for 2,261 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
$40.7K $18.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$38.5K $17.03/SF
− OpEx
−$9.6K −$4.26/SF
NOI
$28.9K $12.77/SF
Area
Ouachita County, LA
Vacancy
5.40%
Lease Rate
$18.00 /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%
$577,500
Cap Rate 7%
$412,500
Cap Rate 9%
$320,833
Alternative Uses
Best Use
Specialty Retail
$412.5K
$360.9K – $481.3K
NOI $28,875 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 1.99%
Theoretical Best
Multifamily LT 5
$24.35M
$21.31M – $28.41M
NOI $1,704,781 @ 7.0% cap · market cap 297.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
397k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 16%
Shops & Services 15%
Apparel 5%
Chick-fil-A
Dining
51,477 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
40,452 visits/mo
0.4 miles
Brookshire's
Groceries
35,317 visits/mo
0.2 miles
McDonald's
Dining
31,022 visits/mo
0.4 miles
Super 1 Foods & Pharmacy
Groceries
27,395 visits/mo
0.4 miles
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Hibachi grill and buffet — 120 Blanchard St, West Monroe, LA 71291
- Hibachi Grill Sushi & Buffet — 120 blanchard st, west monroe, la 71291
- Granny's Family Restaurant No. 2 — 2510 Cypress St, West Monroe, LA 71291
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built in 2018, the property includes food-service infrastructure, offices, restrooms, and dedicated on-site parking.
Where is this conventional restaurant located?
The property is located at 1412 Ridge Ave West Monroe, LA.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: ±2,261 SF commercial building on ±0.95 acres; Built in 2018 by ARCO Builders; Commercial kitchen infrastructure with grease interceptor
