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Downman Road Commercial Opportunity

7100 Downman Rd New Orleans, LA 70126

7100 Downman Rd, New Orleans, LA, 70126
Contact for pricing
For Sale
Contact for pricing

Former Papa John's restaurant with retail or restaurant potential.

Property Size1,320 SF
Price / SF$181.82
Days on Market1172

Property Features for 7100 Downman Rd

General Information

Standard status
Active
Size
1,320 SF
Property subtype
Retail

Building Details

Year Built
1970
Listing Agency Paul Gilmore & Associates
Listed by Kathy Tolliver · License #05755
Source Crexi
Added: May 5, 2023 Checked: Jul 19 at 9:06 am

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 Paul Gilmore & Associates


Investment Insights

Based on property information with market context.

This commercial property is located on Downman Road. The one-story building, formerly a Papa John's Pizza restaurant, offers possibilities for retail or restaurant use. It is zoned C-1. The location benefits from a traffic count of approximately 17,000 cars per day. The property has a size of 1,320 square feet.

Key Highlights

  • High traffic count (approx. 17,000 cars per day)
  • C‑1 zoning (suitable for retail or restaurant)
  • Former Papa John's Pizza restaurant with existing restaurant infrastructure

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $30.4k $23.04
− Vacancy −$608 −$0.46
EGI $29.8k $22.58
− OpEx −$8.9k −$6.77
NOI $20.9k $15.81
1,320 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$322.7K
$282.3K – $376.5K (±1% cap)
NOI $22,587 @ 7.0% cap · market cap 9.41%
Second Best
Retail
$298.0K
$260.8K – $347.7K (±1% cap)
NOI $20,863 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$346.2K
$302.9K – $403.9K (±1% cap)
NOI $24,235 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Real Estate Agency Law Firm Restaurant Building Supply Dental Office Auto Parts Store Pharmacy Spa & Massage Center HVAC Service Gym & Fitness Center

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

Similar Off Market Nearby

  • Lotus Flour Creations — 5906 Beechcraft St, New Orleans, LA 70126
  • Decadent Caterer — 5924 Airway St, New Orleans, LA 70126
  • Kaee’s Boozy Drinks — 4531 Shalimar Dr, New Orleans, LA 70126
  • Greezy Nola — 7021 Martin Dr J212, New Orleans, LA 70126

FAQs

What type of property is this?
Restaurant - Former Papa John's restaurant with retail or restaurant potential.
Where is this restaurant located?
The property is located at 7100 Downman Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: High traffic count (approx. 17,000 cars per day); C‑1 zoning (suitable for retail or restaurant); Former Papa John's Pizza restaurant with existing restaurant infrastructure
Contact an agent
(504) 456-1234 Call to check price and availability
More about this property
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