Restaurant with Event
For Sale
$895,000
3336 Bienville Street, New Orleans, LA 70119
Two-story dining property with full-service bars, a commercial kitchen, and flexible areas for restaurant or private-event use.
Property Size3,136 SF
Price / SF$285.40
Days on Market51
Property Features for 3336 Bienville Street
General Information
Standard status
Active
Size
3,136 SF
Building Details
Year Built
2021
Buildings
1
Stories
2
Listing Agency:
Forte Realty, LLC
(504) 293-2460
Listed By:
Blaine Tatje · License #995712484
(504) 293-2460
Source:
Exprealty
Added: Jun 23
Changed: Aug 11
Last Checked: Aug 11 at 5:55AM
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 Forte Realty, LLC
Investment Insights
Based on property information with market context.
Constructed in 2021, this 3,136-square-foot restaurant property spans two floors and combines dining, entertainment, and event-oriented improvements. The layout includes multiple areas for guests, two full-service bars, and a commercial kitchen. Floor-to-ceiling windows, custom interior finishes, and dramatic lighting contribute to the building’s distinctive presentation.
The upper level adds room for dining or private functions, with large windows providing views toward the surrounding New Orleans streetscape. The property is positioned for restaurant operations, lounge use, hospitality, and private events, subject to applicable approvals and requirements.
The upper level adds room for dining or private functions, with large windows providing views toward the surrounding New Orleans streetscape. The property is positioned for restaurant operations, lounge use, hospitality, and private events, subject to applicable approvals and requirements.
Key Highlights
- 3,136‑square‑foot restaurant property constructed in 2021
- Two‑story layout with dining and event areas on both levels
- Two full‑service bars and a commercial kitchen
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
$53,106
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
5.93%
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%
$1,062,120
$1.1M
Cap Rate 7%
$758,657
$758.7K
Cap Rate 9%
$590,067
$590.1K
Market Conditions
NOI Build-Up for 3,136 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
$72.3K $23.04/SF
− Vacancy
−$1.4K −$0.46/SF
EGI
$70.8K $22.58/SF
− OpEx
−$17.7K −$5.64/SF
NOI
$53.1K $16.93/SF
Area
ZIP 70119
Vacancy
2.00%
Lease Rate
$23.04 /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%
$1,062,120
Cap Rate 7%
$758,657
Cap Rate 9%
$590,067
Alternative Uses
Best Use
Specialty Retail
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$295.2K
$258.3K – $344.4K
NOI $20,662 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$820.6K
$718.0K – $957.4K
NOI $57,441 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
186k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 29%
Apparel 16%
Shops & Services 14%
Rouses Market
Groceries
53,082 visits/mo
0.4 miles
Marshalls
Apparel
28,965 visits/mo
0.5 miles
McDonald's
Dining
26,866 visits/mo
0.4 miles
Burger King
Dining
10,737 visits/mo
0.4 miles
Petco
Shops & Services
9,735 visits/mo
0.4 miles
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 Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story dining property with full-service bars, a commercial kitchen, and flexible areas for restaurant or private-event use.
Where is this conventional restaurant located?
The property is located at 3336 Bienville Street New Orleans, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,136‑square‑foot restaurant property constructed in 2021; Two‑story layout with dining and event areas on both levels; Two full‑service bars and a commercial kitchen
