Building Details

Year Built 1949

Buildings 1

Listing Agency: Appletree Realty, LLC

Listed By: Cindy Ng · License #995684283 Show Phone

Source: Fiorellaavenue

Added: Aug 20 Changed: Oct 4 Last Checked: Oct 5 at 8:46PM

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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 Appletree Realty, LLC

Investment Insights

Based on property information with market context.

This renovated, stand-alone commercial building contains 4,550 square feet arranged for office and kitchen operations. The front portion is configured as office space, while the rear includes a commissary kitchen with three commercial hood vents and suppression systems. Kitchen equipment includes a cook-chill walk-in, freezer walk-in, refrigerator walk-in, air compressor, boiler system, two large kettle cookers, and a turbo jet cooker and chiller.

The property is located one block from Canal Street at 201 N Rocheblave St in New Orleans. The roof is approximately 5 years old. Additional kitchen equipment not identified in the listing may be purchased separately.

Key Highlights

• 4,550‑square‑foot stand‑alone commercial building
• Front office configuration with rear commissary kitchen
• Three commercial hood vents with suppression systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,978

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$599,560 $599.6K

Cap Rate 7%

$428,257 $428.3K

Cap Rate 9%

$333,089 $333.1K

Market Conditions

NOI Build-Up for 4,550 SF

Gross rent

$45.3K $9.96/SF

− Vacancy

−$2.5K −$0.55/SF

EGI

$42.8K $9.41/SF

− OpEx

−$12.8K −$2.82/SF

NOI

$30.0K $6.59/SF

Area

ZIP 70119

Vacancy

5.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$599,560

Cap Rate 7%

$428,257

Cap Rate 9%

$333,089

Alternative Uses

Best Use

Specialty Retail

$1.10M

$963.2K – $1.28M (±1% cap)

NOI $77,052 @ 7.0% cap · market cap 10.63%

Second Best

Office B

$965.3K

$844.6K – $1.13M (±1% cap)

NOI $67,568 @ 7.0% cap · market cap 9.32%

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,341 @ 7.0% cap · market cap 11.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Paint Factory Take-out & Catering

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Furniture & Home Goods Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,626

Businesses Nearby

Explore this area Business Placement

Demographics for 70119, LA

38,048

Population

21,595

Households

1.8

Avg Household Size

37

Median Age

47%

College-Educated

89%

High-School Grad

4.5 sq mi

ZIP Area

8,455

Density / Sq Mi

$50,854

Median Household Income

$44,278

Median Earnings

$1,298

Median Rent

$359,300

Median Home Value

Market

Vacancy Rate% for Office in New Orleans, LA

8.9% 2019

9.7% 2020

11.3% 2021

10.2% 2022

10.9% 2023

11.6% 2024

9.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial kitchens located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial kitchen - Renovated commercial facility combining front-office space with a fully equipped commissary kitchen.

Where is this commercial kitchen located?

The property is located at 201 N Rocheblave St New Orleans, LA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 4,550‑square‑foot stand‑alone commercial building; Front office configuration with rear commissary kitchen; Three commercial hood vents with suppression systems