French Quarter Retail
For Sale
Contact for pricing
300 Decatur Street, New Orleans, LA 70130
Four-story property with high-visibility restaurant/retail space in iconic location.
Property Size17,299 SF
Lot Size0.10 Acres
Price / SF$274.87
Days on Market153
Property Features for 300 Decatur Street
General Information
Standard status
Active
Size
17,299 SF
Lot size
0.10 Acres
Property subtype
Retail
Building Details
Stories
4
Listing Agency:
NAI Rampart
(504) 288-4100
Listed By:
Reed Wiley, CCIM · License #LA BROK.995704349-ASA
Source:
Crexi
Added: Mar 23
Changed: Aug 17
Last Checked: Aug 22 at 6:45AM
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 NAI Rampart
Investment Insights
Based on property information with market context.
Located along Decatur Street in the French Quarter, this four-story property offers approximately 17,299 square feet of improvements. The property is anchored by a high-visibility, second-generation restaurant and/or retail space on the ground floor. The building is situated on an approximately 4,347 square foot parcel. The property is zoned VCE-1 (Vieux Carré Entertainment District), which allows for a multitude of permitted uses. It is an ideal asset for owner/operators and investors seeking strong frontage in one of the country's most iconic districts. The property is to be sold in "as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents. All measurements are approximate and not guaranteed, and are to be verified by the purchaser. Zoning, Overlays, and Intended Use are to be verified by the purchaser.
Key Highlights
- Premier French Quarter location on Decatur Street.
- Substantial ±17,299 SF four‑story building.
- High‑visibility ground‑floor restaurant/retail 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
$244,123
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
5.13%
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%
$4,882,460
$4.9M
Cap Rate 7%
$3,487,471
$3.5M
Cap Rate 9%
$2,712,478
$2.7M
Market Conditions
NOI Build-Up for 17,299 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
$332.1K $19.20/SF
− Vacancy
−$6.6K −$0.38/SF
EGI
$325.5K $18.82/SF
− OpEx
−$81.4K −$4.70/SF
NOI
$244.1K $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 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%
$4,882,460
Cap Rate 7%
$3,487,471
Cap Rate 9%
$2,712,478
Alternative Uses
Best Use
Specialty Retail
$3.49M
$3.05M – $4.07M
NOI $244,123 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$3.05M
$2.67M – $3.56M
NOI $213,608 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,778 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,445
Businesses Nearby
309k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 63%
Dining 17%
Groceries 13%
Apparel 4%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.4 miles
Rouses Market
Groceries
35,073 visits/mo
0.3 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.4 miles
DoubleTree by Hilton Hotel New Orleans
Hotels & Casinos
18,904 visits/mo
0.3 miles
Dick's Last Resort
Dining
16,371 visits/mo
0.1 miles
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Four-story property with high-visibility restaurant/retail space in iconic location.
Where is this retail space located?
The property is located at 300 Decatur Street New Orleans, LA.
What is the asking price?
The asking price for this property is $4,755,000.
What are key features of this property?
This property features: Premier French Quarter location on Decatur Street.; Substantial ±17,299 SF four‑story building.; High‑visibility ground‑floor restaurant/retail space.
