First-Floor Retail
For Sale
Contact for pricing
1222 Decatur St, New Orleans, LA 70116
Retail storefront with first-floor visibility near French Market, offered on an NNN lease structure.
Property Size5,698 SF
Days on Market144
Property Features for 1222 Decatur St
General Information
Standard status
Active
Size
5,698 SF
Property subtype
Retail
Lease Type
NNN
Lease Term
$34.84 SF/yr (NNN)
Site & Location
Neighborhood
Marigny
Building Details
Building Size
5,698 SF
Properties For Sale
at 1222 Decatur St
First Floor
Size
1,550 SF
Term
Negotiable
Listing Agency:
Elifin Realty
Listed By:
Noah Loveland · License #995711824
(225) 955-8546
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 23 at 5:45AM
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 Elifin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1222 Decatur is a retail storefront opportunity previously used for retail, with zoning that allows for multiple potential uses. The landlord is open to abated rent for buildout, providing flexibility for a tenant’s improvements and programming needs. The space is positioned for strong street-level exposure with first-floor visibility.
The location is described as benefiting from French Quarter foot traffic and being directly adjacent to the French Market, supporting day-to-day walk-in demand. The offering is structured as an NNN lease type.
The location is described as benefiting from French Quarter foot traffic and being directly adjacent to the French Market, supporting day-to-day walk-in demand. The offering is structured as an NNN lease type.
Key Highlights
- Now available for lease: 1222 Decatur
- Retail storefront with first‑floor visibility near French Market
- Directly adjacent to French Market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,359
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,180
$1.4M
Cap Rate 7%
$1,005,129
$1.0M
Cap Rate 9%
$781,767
$781.8K
Market Conditions
NOI Build-Up for 5,698 SF
Gross rent
$102.6K $18.00/SF
− Vacancy
−$2.1K −$0.36/SF
EGI
$100.5K $17.64/SF
− OpEx
−$30.2K −$5.29/SF
NOI
$70.4K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,180
Cap Rate 7%
$1,005,129
Cap Rate 9%
$781,767
Alternative Uses
Best Use
Retail
$1.01M
$879.5K – $1.17M
NOI $70,359 @ 7.0% cap · market cap 201,948.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,377 @ 7.0% cap · market cap 290,978.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,823
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Similar Off Market Nearby
- Flora Savage — 1301 Royal St, New Orleans, LA 70116
- MOSS New Orleans — 936 Esplanade Ave, New Orleans, LA 70116
- Conerly Floral — 1834 Burgundy St, New Orleans, LA 70116, United States
- All Star 💐 Balloons & More — 1531 N Claiborne Ave, New Orleans, LA 70116
- Cry Baby Floral — 2101 Pauger St, New Orleans, LA 70116
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with first-floor visibility near French Market, offered on an NNN lease structure.
Where is this storefront property located?
The property is located at 1222 Decatur St New Orleans, LA.
What are key features of this property?
This property features: Now available for lease: 1222 Decatur; Retail storefront with first‑floor visibility near French Market; Directly adjacent to French Market
