Stand-Alone Commercial Kitchen
For Sale
$725,000
201 N Rocheblave St, New Orleans, LA 70119
Renovated commercial facility combining front-office space with a fully equipped commissary kitchen.
Property Size4,550 SF
Price / SF$159.34
Days on Market17
Property Features for 201 N Rocheblave St
General Information
Standard status
Active
Size
4,550 SF
Building Details
Buildings
1
Listing Agency:
Appletree Realty, LLC
(504) 272-7288
Listed By:
Cindy Ng · License #995684283
(504) 272-7288
Source:
Exprealty
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 21 at 4:53AM
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.
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 = 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
$29,978
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
4.13%
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%
$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
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
$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 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%
$599,560
Cap Rate 7%
$428,257
Cap Rate 9%
$333,089
Alternative Uses
Best Use
Specialty Retail
$1.10M
$963.2K – $1.28M
NOI $77,052 @ 7.0% cap · market cap 10.63%
Second Best
Office B
$965.3K
$844.6K – $1.13M
NOI $67,568 @ 7.0% cap · market cap 9.32%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,341 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
