Retail Salon
For Sale
$254,900
9373 Florida Blvd, Walker, LA 70785
Well-maintained commercial building includes a kitchen, two updated restrooms, washer/dryer connections, and front and rear parking.
Property Size1,479 SF
Price / SF$172.35
Days on Market463
Property Features for 9373 Florida Blvd
General Information
Standard status
Active
Size
1,479 SF
Taxes and HOA fees
Annual Taxes
$1,478
Amenities
kitchen
updated restrooms
storage
washer/dryer connections
Listing Agency:
CHT Group Real Estate, LLC
Listed By:
Amie Prescott · License #995708445
(225) 289-5483
Source:
Exprealty
Added: Jun 3, 2025
Changed: Sep 4
Last Checked: Sep 7 at 10:42AM
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 CHT Group Real Estate, LLC
Investment Insights
Based on property information with market context.
This versatile commercial building is well maintained and currently operating as a fully equipped salon. The interior includes a kitchen, two updated restrooms, plenty of storage, and washer/dryer connections. The sale of the building includes a one-year warranty.
The property offers ample parking in front and additional parking in the rear, supporting customer convenience for retail or service uses.
As presented, the space is set up for salon operations, with features designed to support day-to-day service and client visits.
The property offers ample parking in front and additional parking in the rear, supporting customer convenience for retail or service uses.
As presented, the space is set up for salon operations, with features designed to support day-to-day service and client visits.
Key Highlights
- Well‑maintained commercial building currently operating as a fully equipped salon
- Includes a kitchen plus washer/dryer connections
- Features two updated restrooms
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
$23,142
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
9.08%
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%
$462,840
$462.8K
Cap Rate 7%
$330,600
$330.6K
Cap Rate 9%
$257,133
$257.1K
Market Conditions
NOI Build-Up for 1,479 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
$33.2K $22.44/SF
− Vacancy
−$129 −$0.09/SF
EGI
$33.1K $22.35/SF
− OpEx
−$9.9K −$6.71/SF
NOI
$23.1K $15.65/SF
Area
Livingston County, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
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%
$462,840
Cap Rate 7%
$330,600
Cap Rate 9%
$257,133
Alternative Uses
Best Use
Retail
$330.6K
$289.3K – $385.7K
NOI $23,142 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.2K
$309.9K – $413.2K
NOI $24,794 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
11,312 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
74 visits/mo
0.4 miles
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
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?
Retail space - Well-maintained commercial building includes a kitchen, two updated restrooms, washer/dryer connections, and front and rear parking.
Where is this retail space located?
The property is located at 9373 Florida Blvd Walker, LA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Well‑maintained commercial building currently operating as a fully equipped salon; Includes a kitchen plus washer/dryer connections; Features two updated restrooms
