Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bastrop Commercial Space Available Title is generated by Realmo AI

    2057 E MADISON AVENUE, Bastrop, LA 71220

    View on Map
    Claim this Listing
    For Sale
    $750,000

    Commercial space with dining area, kitchen, drive-thru, and parking.

    Type:Restaurant
    Property size:
    3,759 SF
    Price / SF:
    $199/SF
    Added:
    Jan 20, 2024
    Days on Market:
    865
    Last Refresh:
    May 13 at 8:46 pm

    Property Features for 2057 E MADISON AVENUE

    General Information

    Standard status
    Active
    Size
    3,759 SF
    Property subtype
    Restaurant

    We can help!

    Listing Contact
    Keller Williams Parishwide Partners

    Listing agent Keller Williams Parishwide Partners

    Listing office

    Listing date Jan 20, 2024

    Source Xome

    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 Keller Williams Parishwide Partners

    HighLights

    • High‑traffic location on a main road.
    • Fully stocked kitchen included.
    • Drive‑thru capabilities.
    • Ample parking.
    • Spacious dining area.
    • 1.0 acre lot.

    Overview

    This commercial space is located in Bastrop. The property, formerly a Taco Bandido, features a dining area, front counter, fully stocked kitchen, cooler, and bathrooms. It also has drive-thru capabilities and ample parking. The property size is 3759 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucky Chopsticks Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.885398
    Latitude
    32.778086

    Nearby Similar for Sale

    • $150,000
      2,000 SF

      High Visibility Commercial Property

      Commercial property with high visibility and road frontage.
      3449 New Monroe Rd, Bastrop, LA
      View Details
    • $95,000
      4,640 SF

      Historic Storefront in Courthouse Square

      4,640 SF storefront in Bastrop's Historic Courthouse Square.
      114 S Washington St, Bastrop, LA, 71220-4548
      View Details
    • $600

      Office Space in Magnolia Center

      Office space with modern finishes in Bastrop's Magnolia Center.
      641 E Madison Ave, Bastrop, LA
      View Details
    • $750,000
      3,759 SF

      Bastrop Restaurant with Drive-Thru

      Commercial property ideal for restaurant use with drive-thru.
      2057 E Madison Ave, Bastrop, LA 71220
      View Details
    • $285,000
      9,000 SF

      9000 SF Warehouse with Apartment

      Warehouse with apartment near airport and Hwy 165.
      9290 Marlatt St., Bastrop, LA 71220
      View Details
    • $5,000
      3,873 SF

      Versatile Downtown Mixed-Use Opportunity

      3,873 SF mixed-use property with potential in downtown Bastrop.
      113 S FRANKLIN STREET, Bastrop, LA 71220
      View Details
    • $44,500
      1,504 SF

      Former Church Renovation Opportunity

      Former church building with renovation and redevelopment potential.
      712 PLEASANT DRIVE, Bastrop, LA 71220
      View Details
    • $90,000
      1,882 SF

      Former Dentist Office For Sale

      Commercial property featuring a lobby, offices, kitchen, and storage.
      917 LYNWOOD AVENUE, Bastrop, LA 71220
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Commercial space with dining area, kitchen, drive-thru, and parking.
    Where is this drive through restaurant located?
    The property is located at 2057 E MADISON AVENUE Bastrop, LA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High‑traffic location on a main road.; **Fully stocked kitchen included.**; **Drive‑thru capabilities.**
    (318) 812-7653
    We can help!
    Listing Contact
    Keller Williams Parishwide Partners
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2057 E MADISON AVENUE, Bastrop, LA 71220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!