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 Market51
Property Features for 30123 Hwy 22
General Information
Standard status
Active
Size
4,404 SF
Building Details
Year Built
1994
Listing Agency:
REMAX ALLIANCE
Listed By:
Tonita Mack
(985) 969-5953
Source:
Dominionplace
Added: Aug 4
Changed: Sep 12
Last Checked: Sep 22 at 11:00PM
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
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
$73,830
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
8.70%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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?
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
