Retail Space with Private
For Sale
Contact for pricing
5931 Bullard Ave Unit 9, New Orleans, LA 70128
Open commercial layout with an ADA-compliant restroom in a multi-tenant strip mall.
Property Size1,211 SF
Price / SF$1.63
Days on Market51
Property Features for 5931 Bullard Ave Unit 9
General Information
Standard status
Active
Size
1,211 SF
Site & Location
Neighborhood
Read Blvd East
Anchor Co-Tenants
Subway, Baskin Robbins, Anytime Fitness, Boost Mobile, Total Wireless, Jackson Hewitt
Amenities
private office
ADA-compliant restroom
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Brittny McKay Real Estate
Listed By:
Brittny McKay · License #995714251
(504) 236-5749
Source:
Fiorellaavenue
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 10:07AM
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 Brittny McKay Real Estate
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Investment Insights
Based on property information with market context.
This retail space at 5931 Bullard Ave Unit 9 provides an open interior configuration with one private office and an ADA-compliant restroom. The property was built in 2003 and was formerly used as a daycare. Its layout is identified for office, retail, and tenant build-out applications.
The space is part of a strip mall with Subway, Baskin Robbins, Anytime Fitness, Boost Mobile, Total Wireless, and Jackson Hewitt among the named occupants. Several local eateries are also located within the center. The New Orleans, LA 70128 address places the property within an established multi-tenant commercial setting.
The space is part of a strip mall with Subway, Baskin Robbins, Anytime Fitness, Boost Mobile, Total Wireless, and Jackson Hewitt among the named occupants. Several local eateries are also located within the center. The New Orleans, LA 70128 address places the property within an established multi-tenant commercial setting.
Key Highlights
- Open interior layout with one private office
- ADA‑compliant restroom
- Former daycare use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,953
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,060
$299.1K
Cap Rate 7%
$213,614
$213.6K
Cap Rate 9%
$166,144
$166.1K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$21.8K $18.00/SF
− Vacancy
−$436 −$0.36/SF
EGI
$21.4K $17.64/SF
− OpEx
−$6.4K −$5.29/SF
NOI
$15.0K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,060
Cap Rate 7%
$213,614
Cap Rate 9%
$166,144
Alternative Uses
Best Use
Retail
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 758.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 1,092.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
230k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 34%
Shops & Services 18%
Home Improvements & Furnishings 8%
Walmart
Superstores
87,148 visits/mo
0.4 miles
McDonald's
Dining
28,249 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
19,353 visits/mo
0.5 miles
Capital One Bank
Shops & Services
17,972 visits/mo
0.2 miles
Wendy's
Dining
16,426 visits/mo
0.3 miles
Demographics for 70128, LA
18,260
Population
8,609
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
3,804
Density / Sq Mi
$53,538
Median Household Income
$36,218
Median Earnings
$1,210
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - Open commercial layout with an ADA-compliant restroom in a multi-tenant strip mall.
Where is this retail space located?
The property is located at 5931 Bullard Ave Unit 9 New Orleans, LA.
What are key features of this property?
This property features: Open interior layout with one private office; ADA‑compliant restroom; Former daycare use
