Storefront Property with
For Sale
$500,000
2059 John H King Service Rd, Pineville, LA 71360
C-1 zoning and an open interior support a range of commercial layouts, subject to applicable approvals.
Property Size1,200 SF
Lot Size0.54 Acres
Price / SF$416.67
Days on Market9
Property Features for 2059 John H King Service Rd
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.54 Acres
Zoning
C-1
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Listing Agency:
EXP REALTY, LLC
(337) 522-7554
Listed By:
Mary Sonnier · License #0000076724
(318) 664-6387
Source:
Exprealty
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 18 at 11:27AM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
The storefront at 2059 John H King Service Rd includes approximately 1,200 heated sq. ft. and 1,600 sq. ft. under roof. Its largely open interior allows the space to be reconfigured, while the covered drive-through provides a dedicated feature for customer pickup or drop-off operations. The property is zoned C-1 commercial, with use subject to applicable municipal requirements and approvals.
Positioned beside the US Hwy 167/Pineville Expressway and LA Hwy 28 interchange, the site offers direct connectivity at a major Pineville crossroads. The approximately 0.54-acre property is suited to commercial users seeking a visible storefront with convenient highway access and adaptable interior space.
Positioned beside the US Hwy 167/Pineville Expressway and LA Hwy 28 interchange, the site offers direct connectivity at a major Pineville crossroads. The approximately 0.54-acre property is suited to commercial users seeking a visible storefront with convenient highway access and adaptable interior space.
Key Highlights
- Approximately 1, 200 heated sq. ft. and 1, 600 sq. ft. under roof
- Approximately 0.54‑acre commercial property
- Covered drive‑through supports pickup or drop‑off operations
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
$14,440
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
2.89%
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%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,200 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
$21.6K $18.00/SF
− Vacancy
−$972 −$0.81/SF
EGI
$20.6K $17.19/SF
− OpEx
−$6.2K −$5.16/SF
NOI
$14.4K $12.03/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Wendy's
Dining
15,881 visits/mo
0.4 miles
Taco Bell
Dining
12,459 visits/mo
0.2 miles
CC's Coffee House
Dining
9,806 visits/mo
0.3 miles
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C-1 zoning and an open interior support a range of commercial layouts, subject to applicable approvals.
Where is this storefront property located?
The property is located at 2059 John H King Service Rd Pineville, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1, 200 heated sq. ft. and 1, 600 sq. ft. under roof; Approximately 0.54‑acre commercial property; Covered drive‑through supports pickup or drop‑off operations
