Building Details

Year Built 2015

Listing Agency: Lea Hall Properties

Listed By: Jamie Moreland Show Phone

Source: Lacdb.resimplifi

Added: Apr 1 Changed: Oct 13 Last Checked: Oct 12 at 4:48PM

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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 Lea Hall Properties

Investment Insights

Based on property information with market context.

Built in 2015, this approximately 5,250-square-foot restaurant includes 3,950 square feet of air-conditioned interior space and a 1,300-square-foot unair-conditioned wraparound patio. The layout features a primary dining area, separate bar space, and a substantial kitchen. Furniture, fixtures, and equipment convey with the property, excluding the piano. The restaurant remains fully operational, and the business may be acquired separately in addition to the real estate.

The property is located at 6955 Fern Loop, behind the Whole Foods Shopping Center and just off 70th St. in Shreveport. C-2 zoning supports its commercial restaurant classification.

Key Highlights

• Approximately 5,250 SF total, including 3,950 SF air‑conditioned space
• 1,300 SF unair‑conditioned wraparound patio
• Main dining area, private bar area, and large kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,354

Cap Rate

3.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,167,080 $1.2M

Cap Rate 7%

$833,629 $833.6K

Cap Rate 9%

$648,378 $648.4K

Market Conditions

NOI Build-Up for 5,250 SF

Gross rent

$81.9K $15.60/SF

− Vacancy

−$4.1K −$0.78/SF

EGI

$77.8K $14.82/SF

− OpEx

−$19.5K −$3.70/SF

NOI

$58.4K $11.11/SF

Area

Shreveport, LA

Vacancy

5.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,167,080

Cap Rate 7%

$833,629

Cap Rate 9%

$648,378

Alternative Uses

Best Use

Specialty Retail

$833.6K

$729.4K – $972.6K (±1% cap)

NOI $58,354 @ 7.0% cap · market cap 3.25%

Second Best

Retail

$743.4K

$650.5K – $867.3K (±1% cap)

NOI $52,038 @ 7.0% cap · market cap 2.90%

Theoretical Best

Office A

$1.11M

$969.6K – $1.29M (±1% cap)

NOI $77,566 @ 7.0% cap · market cap 4.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Fairfield Market & Cafe Restaurant

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Real Estate Agency Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

633

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 71105, LA

21,308

Population

11,139

Households

1.9

Avg Household Size

38

Median Age

45%

College-Educated

95%

High-School Grad

9.5 sq mi

ZIP Area

2,243

Density / Sq Mi

$66,758

Median Household Income

$48,396

Median Earnings

$1,247

Median Rent

$216,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Operational restaurant with dining, bar, kitchen, and included FF&E.

Where is this conventional restaurant located?

The property is located at 6955 Fern Loop Shreveport, LA.

What is the asking price?

The asking price for this property is $1,795,000.

What are key features of this property?

This property features: Approximately 5,250 SF total, including 3,950 SF air‑conditioned space; 1,300 SF unair‑conditioned wraparound patio; Main dining area, private bar area, and large kitchen