Conventional Restaurant
For Sale
$849,000
30123 Hwy 22, Springfield, LA 70462
Restaurant property positioned along Hwy 22 in Springfield.
Property Size4,404 SF
Price / SF$192.78
Days on Market58
Property Features for 30123 Hwy 22
General Information
Standard status
Active
Size
4,404 SF
Listing Agency:
REMAX ALLIANCE
(985) 969-5953
Listed By:
Tonita Mack
(985) 969-5953
Source:
Exprealty
Added: Jun 9
Changed: Aug 5
Last Checked: Aug 5 at 6:53AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.8k | $22.44 |
| − Vacancy | −$385 | −$0.09 |
| EGI | $98.4k | $22.35 |
| − OpEx | −$24.6k | −$5.59 |
| NOI | $73.8k | $16.76 |
4,404 SF · lease $22.44/SF/yr · vacancy 0.39% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
2,559 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
