Freestanding Restaurant
For Sale
$1,450,000
17200 Airline Hwy, Prairieville, LA 70769
MU-zoned restaurant property along Airline Hwy near McDonald's and Walmart Supercenter.
Property Size4,100 SF
Price / SF$353.66
Days on Market254
Property Features for 17200 Airline Hwy
General Information
Standard status
Active
Size
4,100 SF
Total Parking Spaces
38
Property subtype
Retail
Zoning
MU
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
38 Parking Spaces
Building Details
Buildings
1
Listing Agency:
GoldenX Realty
(225) 281-5259
Listed By:
Steve Gao · License #995702953
(225) 281-5259
Source:
Lacdb.resimplifi
Added: Dec 20, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:43PM
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 GoldenX Realty
Investment Insights
Based on property information with market context.
This 4,100-square-foot freestanding restaurant building is located at 17200 Airline Hwy in Prairieville, Louisiana. The property carries MU zoning and is positioned along Airline Hwy, providing visibility from the highway. Its standalone configuration and restaurant classification support continued consideration for food-service operations, including seafood or sushi concepts identified for the property.
The building is next to McDonald's and across from Walmart Supercenter, placing it near established food-service and retail businesses. The surrounding commercial context is anchored by these two nationally recognized operators, while the property’s Prairieville location provides a clear address for restaurant-oriented occupancy or ownership.
The building is next to McDonald's and across from Walmart Supercenter, placing it near established food-service and retail businesses. The surrounding commercial context is anchored by these two nationally recognized operators, while the property’s Prairieville location provides a clear address for restaurant-oriented occupancy or ownership.
Key Highlights
- 4,100‑square‑foot freestanding restaurant building
- MU zoning
- Located at 17200 Airline Hwy, Prairieville, LA 70769
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
$48,835
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
3.37%
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%
$976,700
$976.7K
Cap Rate 7%
$697,643
$697.6K
Cap Rate 9%
$542,611
$542.6K
Market Conditions
NOI Build-Up for 4,100 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
$69.9K $17.04/SF
− Vacancy
−$4.8K −$1.16/SF
EGI
$65.1K $15.88/SF
− OpEx
−$16.3K −$3.97/SF
NOI
$48.8K $11.91/SF
Area
Ascension County, LA
Vacancy
6.80%
Lease Rate
$17.04 /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%
$976,700
Cap Rate 7%
$697,643
Cap Rate 9%
$542,611
Alternative Uses
Best Use
Specialty Retail
$697.6K
$610.4K – $813.9K
NOI $48,835 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$553.5K
$484.3K – $645.8K
NOI $38,745 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$899.7K
$787.2K – $1.05M
NOI $62,976 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
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 - MU-zoned restaurant property along Airline Hwy near McDonald's and Walmart Supercenter.
Where is this conventional restaurant located?
The property is located at 17200 Airline Hwy Prairieville, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,100‑square‑foot freestanding restaurant building; MU zoning; Located at 17200 Airline Hwy, Prairieville, LA 70769
