Restaurant with
For Sale
$679,000
4729 Magazine St, New Orleans, LA 70115
A built-in bar, equipped kitchen, private office and three restrooms support restaurant operations.
Property Size2,045 SF
Price / SF$332.03
Days on Market11
Property Features for 4729 Magazine St
General Information
Standard status
Active
Size
2,045 SF
Restaurant
Seating Capacity
75
Patio
Yes
Amenities
restrooms
private business office
rear storage space
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith · License #000009641
(504) 231-2004
Source:
Exprealty
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 15 at 12:20AM
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 Keller Williams Realty New Orleans
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Investment Insights
Based on property information with market context.
This 2,045-square-foot restaurant property includes a dining room with capacity for 75 guests and a built-in bar. The kitchen retains major equipment, and the layout also includes three restrooms, a private office and rear storage. A courtyard at the front adds outdoor dining space. Furniture and fixtures may be included in a sale.
The property is at 4729 Magazine St in New Orleans, four blocks from Napoleon Avenue. Its setting along Magazine Street places it among established local businesses. The building previously operated as a restaurant and is configured with dining, kitchen, office and storage areas.
The property is at 4729 Magazine St in New Orleans, four blocks from Napoleon Avenue. Its setting along Magazine Street places it among established local businesses. The building previously operated as a restaurant and is configured with dining, kitchen, office and storage areas.
Key Highlights
- 2,045‑square‑foot restaurant property on Magazine Street
- Dining room accommodates up to 75 guests
- Kitchen retains major equipment; built‑in bar included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,119
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,380
$382.4K
Cap Rate 7%
$273,129
$273.1K
Cap Rate 9%
$212,433
$212.4K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$26.0K $12.72/SF
− Vacancy
−$520 −$0.25/SF
EGI
$25.5K $12.47/SF
− OpEx
−$6.4K −$3.12/SF
NOI
$19.1K $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 Rate 5%
$382,380
Cap Rate 7%
$273,129
Cap Rate 9%
$212,433
Alternative Uses
Best Use
Specialty Retail
$273.1K
$239.0K – $318.7K
NOI $19,119 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Dining 15%
Shops & Services 12%
Apparel 7%
Rouses Market
Groceries
39,840 visits/mo
0.3 miles
Buffalo Exchange
Apparel
4,783 visits/mo
0.5 miles
Chase Bank
Shops & Services
4,681 visits/mo
0.4 miles
Yogurtland
Dining
3,562 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,370 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A built-in bar, equipped kitchen, private office and three restrooms support restaurant operations.
Where is this conventional restaurant located?
The property is located at 4729 Magazine St New Orleans, LA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,045‑square‑foot restaurant property on Magazine Street; Dining room accommodates up to 75 guests; Kitchen retains major equipment; built‑in bar included
