Conventional Restaurant
30123 Hwy 22, Springfield, LA 70462
For Sale
$849,000
Restaurant property positioned along Hwy 22 in Springfield.
Property Size4,404 SF
Price / SF$192.78
Days on Market98
Property Features for 30123 Hwy 22
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
REMAX ALLIANCE
Listed By:
Tonita Mack · License #000016125
(985) 969-5953
Source:
Dominionplace
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 7 at 4:12PM
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 REMAX ALLIANCE
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Investment Insights
Based on property information with market context.
This conventional restaurant property contains 4,404 square feet and previously operated as Charlie’s. The asset is located at 30123 Hwy 22 in Springfield, Louisiana, with its address directly on the identified highway route.
Key Highlights
- 4,404‑square‑foot conventional restaurant property
- Previously operated as Charlie’s
- Located at 30123 Hwy 22, Springfield, LA 70462
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,830
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,600
$1.5M
Cap Rate 7%
$1,054,714
$1.1M
Cap Rate 9%
$820,333
$820.3K
Market Conditions
NOI Build-Up for 4,404 SF
Gross rent
$98.8K $22.44/SF
− Vacancy
−$385 −$0.09/SF
EGI
$98.4K $22.35/SF
− OpEx
−$24.6K −$5.59/SF
NOI
$73.8K $16.76/SF
Area
Livingston County, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,600
Cap Rate 7%
$1,054,714
Cap Rate 9%
$820,333
Alternative Uses
Best Use
Specialty Retail
$1.05M
$922.9K – $1.23M
NOI $73,830 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70462, LA
5,490
Population
3,042
Households
1.8
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
79.6 sq mi
ZIP Area
69
Density / Sq Mi
$62,520
Median Household Income
$32,195
Median Earnings
$1,393
Median Rent
$238,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property positioned along Hwy 22 in Springfield.
Where is this conventional restaurant located?
The property is located at 30123 Hwy 22 Springfield, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,404‑square‑foot conventional restaurant property; Previously operated as Charlie’s; Located at 30123 Hwy 22, Springfield, LA 70462
