Neighborhood Bar and Vacant
For Sale
$425,000
1832 SEVENTH Street, New Orleans, LA 70115
COMMERCIAL - New Orleans, LA
Property Size2,700 SF
Price / SF$157.41
Days on Market24
Property Features for 1832 SEVENTH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU-RD2
Lot features
Corner
Standard status
Active
APN
412200601
Size
2,700 SF
Taxes and HOA fees
Tax Description
SQ 256 LOT 1 SEVENTH ST AND DRYADES 60X50 = 3000 SQ FT FILE #16954, SQ 256 LOT C DRYADES ST 25X60 = 1500 SQ FT LAND ONLY P-B22104 08/03/94 FILE #18137
Legal Description
SQ 256 LOT 1 SEVENTH ST AND DRYADES 60X50 = 3000 SQ FT FILE #16954, SQ 256 LOT C DRYADES ST 25X60 = 1500 SQ FT LAND ONLY P-B22104 08/03/94 FILE #18137
Utilities
Water source
Public
Amenities
kitchen
walk-in cooler
office
bathrooms
storage
green rooms
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Tracey Moore · License #000073376
(504) 352-3303
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 14 at 11:06AM
MLS# 2568673
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of an Uptown bar and an adjoining vacant lot sold together as a package deal. The bar includes a kitchen with a walk-in cooler, an office, and three bathrooms, with two for patron use and one for staff. There is also considerable storage space, including one area that could be converted into usable bar space. The layout is designed to support live music, with two potential green rooms, one immediately adjacent to the performance space. FF&E are included with the sale.
The sale also includes the neighboring vacant lot at 3008 Dryades, offering additional space. Zoning is HU-RD2, and zoning details are to be verified by the purchaser.
The sale also includes the neighboring vacant lot at 3008 Dryades, offering additional space. Zoning is HU-RD2, and zoning details are to be verified by the purchaser.
Key Highlights
- Uptown bar built in 1964 with public water service
- Bar layout includes kitchen with walk‑in cooler, office, 3 bathrooms (2 for patrons, 1 for staff), and substantial storage
- Includes FF&E and kitchen/cooler components, with storage that can be converted into additional bar space
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
$25,243
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
5.94%
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%
$504,860
$504.9K
Cap Rate 7%
$360,614
$360.6K
Cap Rate 9%
$280,478
$280.5K
Market Conditions
NOI Build-Up for 2,700 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
$34.3K $12.72/SF
− Vacancy
−$687 −$0.25/SF
EGI
$33.7K $12.47/SF
− OpEx
−$8.4K −$3.12/SF
NOI
$25.2K $9.35/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
25.00%
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%
$504,860
Cap Rate 7%
$360,614
Cap Rate 9%
$280,478
Alternative Uses
Best Use
Specialty Retail
$360.6K
$315.5K – $420.7K
NOI $25,243 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.3K
$623.3K – $831.1K
NOI $49,864 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,551
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 43%
Shops & Services 2%
McDonald's
Dining
29,032 visits/mo
0.3 miles
The Fresh Market
Groceries
22,387 visits/mo
0.3 miles
Whitney Bank
Shops & Services
1,011 visits/mo
0.3 miles
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Uptown Sports Social — 3218 Magazine St #200, New Orleans, LA 70115
- The Bulldog, Uptown — 3236 Magazine St, New Orleans, LA 70115
- Lilette — 3637 Magazine St, New Orleans, LA 70115
- Pete’s Out In the Cold Inc — 701 Sixth St, New Orleans, LA 70115
- Bouligny Tavern — 3641 Magazine St, New Orleans, LA 70115
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar with kitchen, walk-in cooler, office, three bathrooms, and adjoining vacant lot included in the sale package.
Where is this bar & pub located?
The property is located at 1832 SEVENTH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Uptown bar built in 1964 with public water service; Bar layout includes kitchen with walk‑in cooler, office, 3 bathrooms (2 for patrons, 1 for staff), and substantial storage; Includes FF&E and kitchen/cooler components, with storage that can be converted into additional bar space
