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    501 Obannon St New Orleans, LA

    For Lease
    $16 SF/Yr ($1,986 /Mo)

    Restaurant space in a growing, walkable community.

    Property size:
    1,490 SF
    Lot size:
    2.08 Acres

    Property Features for 501 Obannon St

    General Information

    Size
    1,490 SF
    Lot size
    2.08 Acres

    Source: Property One Inc New Orleans Agent David Da Cunha

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Space Available

    This 1,490-square-foot space is a former restaurant and includes an ADA-compliant lavatory and distributed HVAC above a suspended ceiling. It is located within a master-planned district that emphasizes walkability and traditional neighborhood development. The surrounding area features new residential growth, including senior living and market-rate apartments, fostering a vibrant live-work-play community. The location is near the Marine Reserve HQ (with over 1,500 personnel), Delgado Community College Westbank, New Orleans Riverside Fitness Center, and New Orleans Military & Maritime Academy (with over 500 students and staff).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    BROOKS BROTHERS CATERING LLC, Magnolia Hospitality, The Karovan Bar, La Cocinita Food Truck New Orleans, Private Chefs Inc.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.077003
    Latitude
    29.958529

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space in a growing, walkable community.
    Where is this restaurant located?
    The property is located at 501 Obannon St New Orleans, LA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location near Marine Reserve HQ (1,500+ personnel), Delgado Community College, fitness center, and military academy.; - Surrounded by new residential growth (senior living and market-rate apartments).; - Located in a master-planned, walkable, traditional neighborhood development.
    (504) 975-6868
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    Realmo Value Estimation

    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.

    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.

    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
    501 Obannon St New Orleans, LA
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