Mixed-Use Property with
New
For Sale
$3,300,000
1202-08 DECATUR Street, New Orleans, LA 70116
Multiple levels combine restaurant and bar areas with office, storage, studio, and residential space.
Property Size17,207 SF
Days on Market7
Property Features for 1202-08 DECATUR Street
General Information
Standard status
Active
Size
17,207 SF
Site & Location
Neighborhood
Marigny
Building Details
Building Size
17,207 SF
Year Built
1840
Stories
3
Listing Agency:
Crescent Sotheby's International
Listed By:
David A Smith · License #000009702
(504) 495-2387
Source:
Talbot-realty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 1:11PM
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 Crescent Sotheby's International
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Investment Insights
Based on property information with market context.
Built in 1840, this multi-level French Quarter property combines restaurant and dining areas with office, storage, studio, and apartment space. The first floor includes a kitchen, private dining area, a separate dining and bar area, and four restrooms. Upper levels provide office and storage areas, a recording studio, a bath, and two apartments. A stairwell serves the 1204 side, with another stairwell and access to the rear entrance of 61 French Market Place from 1208 Decatur.
The property is at 1202-08 Decatur Street in New Orleans. Its commercial spaces and upper-floor configuration are part of the same historic building.
The property is at 1202-08 Decatur Street in New Orleans. Its commercial spaces and upper-floor configuration are part of the same historic building.
Key Highlights
- Built in 1840
- First floor has restaurant, kitchen, private dining, dining and bar areas, and four restrooms
- Second floor includes storage, office space, recording studio, and a bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,825
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,856,500
$4.9M
Cap Rate 7%
$3,468,929
$3.5M
Cap Rate 9%
$2,698,056
$2.7M
Market Conditions
NOI Build-Up for 17,207 SF
Gross rent
$330.4K $19.20/SF
− Vacancy
−$6.6K −$0.38/SF
EGI
$323.8K $18.82/SF
− OpEx
−$80.9K −$4.70/SF
NOI
$242.8K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,856,500
Cap Rate 7%
$3,468,929
Cap Rate 9%
$2,698,056
Alternative Uses
Best Use
Specialty Retail
$3.47M
$3.04M – $4.05M
NOI $242,825 @ 7.0% cap · market cap 7.36%
Second Best
Mixed Use
$3.32M
$2.90M – $3.87M
NOI $232,295 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$4.37M
$3.83M – $5.10M
NOI $306,141 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,823
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Dining 32%
Hotels & Casinos 14%
Rouses Market
Groceries
35,073 visits/mo
0.5 miles
Starbucks
Dining
12,255 visits/mo
0.5 miles
Hampton Inn New Orleans French Quarter Market Area
Hotels & Casinos
9,002 visits/mo
0.2 miles
CC's Coffee House
Dining
8,554 visits/mo
0.3 miles
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple levels combine restaurant and bar areas with office, storage, studio, and residential space.
Where is this mixed-use property located?
The property is located at 1202-08 DECATUR Street New Orleans, LA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Built in 1840; First floor has restaurant, kitchen, private dining, dining and bar areas, and four restrooms; Second floor includes storage, office space, recording studio, and a bath
