Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9447 Us-80 Simsboro, LA 71275

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9447 Us-80 Simsboro, LA 71275

    View on Map
    • Retail properties & Spaces
    • 8,320 SF
    • 0.94 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9447 Us-80

    Year built
    2018
    Lot size
    0.94 lot acres
    Property size
    8,320 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Drug stores

    Description

    This fee-simple retail property in Simsboro, Louisiana, offers a compelling investment opportunity. The 8,320 square-foot Family Dollar store, built in 2018, sits on a 0.94-acre lot at 9447 US-80, boasting excellent visibility and access. The property operates under a net lease with a remaining term of 4.4 years, plus six 5-year options, with rent bumps of $0.50 per square foot at each option. The current lease commenced August 2, 2018, and expires March 31, 2029. The asking price is $940,000, representing a price per square foot of $112.98 and a 7.50% cap rate, based on a current Net Operating Income (NOI) of $70,500. The property benefits from its strategic location across from Simsboro School and proximity to Interstate 20, serving a strong demographic for dollar store retail. The 100% occupancy rate and the investment-grade parent company of the tenant contribute to the property's strong investment profile. The property's location in Lincoln Parish, Louisiana, zip code 71275, offers a stable and attractive market for this type of investment. This is a single-tenant, fee-simple ownership opportunity with limited landlord responsibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Simsboro
    County
    Lincoln Parish
    State
    Louisiana
    Longitude
    -92.7861
    Latitude
    32.5329

    Comparable in this City

    • Value Estimation by Request
      42.00 Acres

      13487 Hwy 507

      PARKING GARAGE, PARKING STRUCTURE • 42.00 Acres
      13487 Hwy 507, Simsboro, LA 71275
      View Details
    • Value Estimation by Request
      2,400 SF

      1527 Hwy 147

      WAREHOUSE, STORAGE • 2,400 SF
      1527 Hwy 147, Simsboro, LA 71275-3145
      View Details
    • Value Estimation by Request
      1,002 SF

      2696 Martha St

      COMMERCIAL (GENERAL) • 1,002 SF
      2696 Martha St, Simsboro, LA 71275
      View Details
    • Value Estimation by Request
      2,080 SF

      10394 Hwy 80

      WAREHOUSE, STORAGE • 2,080 SF
      10394 Hwy 80, Simsboro, LA 71275-3444
      View Details
    • Value Estimation by Request
      2,240 SF

      California Ave

      OFFICE (GENERAL) • 2,240 SF
      California Ave, Simsboro, LA 71275
      View Details
    • Value Estimation by Request
      3,000 SF

      4380 Hwy 563

      WAREHOUSE, STORAGE • 3,000 SF
      4380 Hwy 563, Simsboro, LA 71275-3311
      View Details

    Similar Nearby for Sale

    • $135,000
      17.60 Acres

      Versatile Land Near Simsboro, LA

      17.6 acres of land near Simsboro, LA, with utilities available.
      Best Rd, Simsboro, LA 71275
      View Details
    • Contact for pricing
      2,500 SF

      8 Acres with Shop and Office

      8 acres with shop, office, and rental opportunity.
      171 Woodland Dr, Simsboro, LA 71275
      View Details
    • Contact for pricing
      682,463 SF

      Simsboro Land For Sale

      Large industrial land available in Simsboro, Louisiana.
      4241 La-563, Simsboro, LA 71275
      View Details
    • Contact for pricing

      Versatile Land Near Simsboro I-20

      Land with hardwood, pines, and creek near Simsboro, Louisiana.
      709 Best Rd, Simsboro, LA 71275
      View Details
    • $549,900
      157.00 Acres

      157 Acres of Hunting Land

      Hunting land with mature trees, cabin, and water line.
      130 Doyston, Simsboro, LA 71275
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9447 Us-80
    Simsboro, LA 71275
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!