Leased Restaurant
New
For Sale
Contact for pricing
1504 Ruth St, Sulphur, LA 70663
Operating restaurant property with an in-place lease and remaining term, positioned near major highways and residential areas.
Property Size2,105 SF
Price / SF$472.68
Days on Market4
Property Features for 1504 Ruth St
General Information
Standard status
Active
Size
2,105 SF
Property subtype
RETAIL
Site & Location
Traffic Count
20,706 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
8%
Listing Agency:
Elifin Realty
(501) 513-7394
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Moodyscre
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 6:32AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This 2,105-square-foot restaurant property at 1504 Ruth St in Sulphur, Louisiana, is offered with an existing lease and time remaining on the current term. The investment carries an 8% cap rate.
The property is bordered by I-10 and US Hwy-90, which record approximately 20,706 vehicles daily. Residential areas are nearby, providing surrounding pedestrian activity and additional context for the restaurant use.
The property is bordered by I-10 and US Hwy-90, which record approximately 20,706 vehicles daily. Residential areas are nearby, providing surrounding pedestrian activity and additional context for the restaurant use.
Key Highlights
- 2,105‑square‑foot restaurant property
- 8% cap rate
- Existing lease with remaining term
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
$31,761
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
3.19%
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%
$635,220
$635.2K
Cap Rate 7%
$453,729
$453.7K
Cap Rate 9%
$352,900
$352.9K
Market Conditions
NOI Build-Up for 2,105 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
$44.2K $21.00/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$42.3K $20.12/SF
− OpEx
−$10.6K −$5.03/SF
NOI
$31.8K $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%
$635,220
Cap Rate 7%
$453,729
Cap Rate 9%
$352,900
Alternative Uses
Best Use
Specialty Retail
$453.7K
$397.0K – $529.4K
NOI $31,761 @ 7.0% cap · market cap 3.19%
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
20,706 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Groceries 13%
Shops & Services 12%
Home Improvements & Furnishings 2%
McDonald's
Dining
28,105 visits/mo
0.1 miles
Brookshire Brothers
Groceries
13,264 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
11,635 visits/mo
0.2 miles
Wendy's
Dining
9,968 visits/mo
0.5 miles
Taco Bell
Dining
8,726 visits/mo
0.5 miles
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
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 an in-place lease and remaining term, positioned near major highways and residential areas.
Where is this conventional restaurant located?
The property is located at 1504 Ruth St Sulphur, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,105‑square‑foot restaurant property; 8% cap rate; Existing lease with remaining term
