Seafood and Cajun
New
For Sale
$899,000
3027 Highway 1, Grand Isle, LA 70358
Operating restaurant property with a broad menu and a coastal setting near the beach.
Property Size2,698 SF
Price / SF$333.21
Days on Market2
Property Features for 3027 Highway 1
General Information
Standard status
Active
Size
2,698 SF
Listing Agency:
CENTRAL LAFOURCHE REALTY LLC
(985) 537-7878
Listed By:
Paula Marschik · License #24901
Source:
Smithsquared
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 10:06AM
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 CENTRAL LAFOURCHE REALTY LLC
Investment Insights
Based on property information with market context.
This 2,698-square-foot restaurant property at 3027 Highway 1 in Grand Isle offers an established dining operation with a casual, comfortable setting. The menu includes local seafood and Cajun fare alongside gumbo, steaks, burgers, and other selections.
The property is positioned in a Gulf Coast environment and includes views toward the nearby beach. Its restaurant use and existing food-service format provide a defined commercial asset in Grand Isle, Louisiana.
The property is positioned in a Gulf Coast environment and includes views toward the nearby beach. Its restaurant use and existing food-service format provide a defined commercial asset in Grand Isle, Louisiana.
Key Highlights
- 2,698‑square‑foot restaurant property
- 3027 Highway 1, Grand Isle, LA 70358
- Menu includes local seafood and Cajun cuisine
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
$45,689
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
5.08%
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%
$913,780
$913.8K
Cap Rate 7%
$652,700
$652.7K
Cap Rate 9%
$507,656
$507.7K
Market Conditions
NOI Build-Up for 2,698 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
$62.2K $23.04/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$60.9K $22.58/SF
− OpEx
−$15.2K −$5.64/SF
NOI
$45.7K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /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%
$913,780
Cap Rate 7%
$652,700
Cap Rate 9%
$507,656
Alternative Uses
Best Use
Specialty Retail
$652.7K
$571.1K – $761.5K
NOI $45,689 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.8K
$622.8K – $830.5K
NOI $49,827 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70358, LA
1,005
Population
1,703
Households
0.6
Avg Household Size
51
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
155
Density / Sq Mi
$43,707
Median Earnings
$1,118
Median Rent
$266,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with a broad menu and a coastal setting near the beach.
Where is this conventional restaurant located?
The property is located at 3027 Highway 1 Grand Isle, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,698‑square‑foot restaurant property; 3027 Highway 1, Grand Isle, LA 70358; Menu includes local seafood and Cajun cuisine
