Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 O Bannon St New Orleans, LA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant space in a growing, walkable community.

    Type:RETAIL
    Property size:
    1,490 SF
    Lot size:
    2.08 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 5 at 10:21 pm

    Property Features for 501 O Bannon St

    General Information

    Standard status
    Active
    Size
    1,490 SF
    Lot size
    2.08 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 501 O Bannon St Contact us

    We can help!

    Listing Contact
    David Da Cunha

    Listing agent David Da Cunha

    Listing office Property One Inc New Orleans

    Listing date Nov 12, 2025

    Source Moodyscre

    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 Property One Inc New Orleans

    Overview

    Former Restaurant Space Available

    This 1,490-square-foot space is a former restaurant and includes an ADA-compliant lavatory and distributed HVAC above a suspended ceiling. It is located within a master-planned district that emphasizes walkability and traditional neighborhood development. The surrounding area features new residential growth, including senior living and market-rate apartments, fostering a vibrant live-work-play community. The location is near the Marine Reserve HQ (with over 1,500 personnel), Delgado Community College Westbank, New Orleans Riverside Fitness Center, and New Orleans Military & Maritime Academy (with over 500 students and staff).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Meals by the Hills — 1232 Leboeuf St, New Orleans, LA 70114

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.077
    Latitude
    29.9585

    Nearby Similar for Lease

    • $2,720/Mo

      High-End Office Suite in New Orleans

      Turnkey office suite with designer finishes in Lower Garden District.
      1811 HASTINGS Place, New Orleans, LA 70130
      View Details
    • $1,500/Mo

      Furnished Co-working Space in Bywater

      Furnished co-working space in historic Bywater building for lease.
      3726 SAINT CLAUDE Avenue, New Orleans, LA 70117
      View Details
    • $2,000/Mo

      Canal Street Office Suite

      First-floor office suite in Mid-City New Orleans for lease.
      3300 CANAL Street, New Orleans, LA 70119
      View Details
    • $5,000/Mo

      Renovated Corner Building Retail/Office Space

      Spacious ground floor unit in Uptown Arts District.
      3901 BARONNE Street, New Orleans, LA 70115
      View Details
    • $950/Mo

      Historic Bywater Office Space Available

      Furnished office in historic building, utilities included, walkable location.
      3726 SAINT CLAUDE Avenue, New Orleans, LA 70117
      View Details
    • $2,850/Mo

      Prime Retail/Office Space in Marigny

      1,017 SF commercial space on iconic Mandeville & Royal Street.
      2330 ROYAL Street, New Orleans, LA 70117
      View Details
    • $2,500/Mo

      River Bend Cottage for Lease

      Uptown New Orleans raised cottage suitable for office or retail.
      724 DUBLIN Street, New Orleans, LA 70118
      View Details
    • $250 SF/Yr

      New Orleans Salon Suite Rental

      Salon suite rental available in a popular hair and barber salon.
      3024 GENTILLY Boulevard, New Orleans, LA 70122
      View Details
    • $250 SF/Yr

      Renovated Salon Suites Available

      Freshly renovated salon suites with shampoo bowl and utilities included.
      3024 GENTILLY Boulevard, New Orleans, LA 70122
      View Details
    • $250 SF/Yr

      Renovated Salon Suites For Rent

      Salon suites available for weekly rent, utilities included.
      3024 GENTILLY Boulevard, New Orleans, LA 70122
      View Details
    • $250 SF/Yr

      Renovated Salon Suites Available

      Renovated salon suites with utilities included, available for rent.
      3024 GENTILLY Boulevard, New Orleans, LA 70122
      View Details
    • $250 SF/Yr

      New Orleans Salon Suite Rental

      Salon suite rental available in a popular hair and barber salon.
      3024 GENTILLY Boulevard, New Orleans, LA 70122
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space in a growing, walkable community.
    Where is this restaurant located?
    The property is located at 501 O Bannon St New Orleans, LA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location near Marine Reserve HQ (1,500+ personnel), Delgado Community College, fitness center, and military academy.; Surrounded by new residential growth (senior living and market‑rate apartments).; Located in a master‑planned, walkable, traditional neighborhood development.
    (504) 975-6868 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Da Cunha
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!