Food Truck Prep
For Sale
Contact for pricing
1703 Soybean St, Sulphur, LA 70663
Commercial kitchen on 0.80 acres, ideal for food service.
Property Size240 SF
Lot Size0.80 Acres
Price / SF$520.42
Days on Market672
Property Features for 1703 Soybean St
General Information
Standard status
Active
Size
240 SF
Lot size
0.80 Acres
Property subtype
Retail
Zoning
Commercial
Building Details
Buildings
1
Stories
1
Listing Agency:
CENTURY 21 Bessette Flavin
Listed By:
Tommy Eastman CCIM · License #43345
(337) 794-5446
Source:
Crexi
Added: Nov 1, 2024
Changed: Sep 2
Last Checked: Sep 1 at 9:25PM
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 CENTURY 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This property, situated on approximately 0.80 acres at the corner of N Beglis Pkwy and Soybean St, is designed as a food truck prep kitchen. It features a 1,000-gallon grease trap and a covered awning. A circle driveway facilitates convenient access. The property is located in Flood Zone X according to FEMA maps and is serviced by public water and sewer. The property size is 240 square feet. This property is suitable for food service operations.
Key Highlights
- Food truck prep kitchen on approximately .80 acres.
- Located in Flood Zone X per FEMA maps.
- 1,000‑gallon grease trap.
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
$3,621
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
2.90%
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%
$72,420
$72.4K
Cap Rate 7%
$51,729
$51.7K
Cap Rate 9%
$40,233
$40.2K
Market Conditions
NOI Build-Up for 240 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
$5.0K $21.00/SF
− Vacancy
−$212 −$0.88/SF
EGI
$4.8K $20.12/SF
− OpEx
−$1.2K −$5.03/SF
NOI
$3.6K $15.09/SF
Area
Calcasieu County, LA
Vacancy
4.20%
Lease Rate
$21.00 /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%
$72,420
Cap Rate 7%
$51,729
Cap Rate 9%
$40,233
Alternative Uses
Best Use
Specialty Retail
$51.7K
$45.3K – $60.4K
NOI $3,621 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$21.2K
$18.6K – $24.7K
NOI $1,484 @ 7.0% cap · market cap 1.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
Krispy Krunchy Chicken
Dining
2,241 visits/mo
0.3 miles
Chevron
Shops & Services
642 visits/mo
0.3 miles
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
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?
Commercial kitchen - Commercial kitchen on 0.80 acres, ideal for food service.
Where is this commercial kitchen located?
The property is located at 1703 Soybean St Sulphur, LA.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Food truck prep kitchen on approximately .80 acres.; Located in Flood Zone X per FEMA maps.; 1,000‑gallon grease trap.
