Equipped Restaurant
For Sale
$975,000
158S S Military Rd, Slidell, LA 70461
Commercially zoned restaurant with equipment in place and a decorated interior.
Property Size5,000 SF
Price / SF$195
Days on Market105
Property Features for 158S S Military Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Zoning
COMMERCIAL
Additional Details
Equipment Included
Yes
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
ABEK Real Estate
(985) 788-4993
Listed By:
Larry Haik · License #000036766
(985) 788-4993
Source:
Lacdb.resimplifi
Added: May 18
Changed: Aug 30
Last Checked: Aug 30 at 1:44PM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This 5,000-square-foot restaurant property is being offered with equipment included. The interior is equipped and decorated for restaurant operations, providing an established physical setting for continued use. The property is zoned COMMERCIAL and is currently an operating business.
The site is located at 158S S Military Rd near the intersection of Gause Blvd. East and South Military Rd. Surrounding uses include retail, multifamily and single-family residences, large grocery stores, a family athletic club, national fast-food restaurants, gas stations, and medical businesses. Showings are available by appointment only.
The site is located at 158S S Military Rd near the intersection of Gause Blvd. East and South Military Rd. Surrounding uses include retail, multifamily and single-family residences, large grocery stores, a family athletic club, national fast-food restaurants, gas stations, and medical businesses. Showings are available by appointment only.
Key Highlights
- 5,000‑square‑foot restaurant property
- Equipment included with the sale
- Currently operating restaurant business
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
$89,388
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
9.17%
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%
$1,787,760
$1.8M
Cap Rate 7%
$1,276,971
$1.3M
Cap Rate 9%
$993,200
$993.2K
Market Conditions
NOI Build-Up for 5,000 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
$124.8K $24.96/SF
− Vacancy
−$5.6K −$1.12/SF
EGI
$119.2K $23.84/SF
− OpEx
−$29.8K −$5.96/SF
NOI
$89.4K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /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%
$1,787,760
Cap Rate 7%
$1,276,971
Cap Rate 9%
$993,200
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,388 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$53.90M
$47.16M – $62.88M
NOI $3,773,040 @ 7.0% cap · market cap 386.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 28%
Shops & Services 27%
Winn-Dixie
Groceries
27,711 visits/mo
0.1 miles
McDonald's
Dining
19,725 visits/mo
0.2 miles
Wendy's
Dining
15,807 visits/mo
0.3 miles
Exxon
Shops & Services
12,555 visits/mo
0.2 miles
Circle K
Shops & Services
8,466 visits/mo
0.1 miles
Demographics for 70461, LA
30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
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 - Commercially zoned restaurant with equipment in place and a decorated interior.
Where is this conventional restaurant located?
The property is located at 158S S Military Rd Slidell, LA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,000‑square‑foot restaurant property; Equipment included with the sale; Currently operating restaurant business
