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    Restaurant Condominium in Arts District Title is generated by Realmo AI

    746 Tchoupitoulas Street, New Orleans, LA 70130

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    Restaurant space in the Arts & Warehouse District for sale.

    Type:Retail
    Property size:
    10,815 SF
    Price / SF:
    $424/SF
    Added:
    May 13, 2026
    Days on Market:
    21
    Last Refresh:
    May 14 at 9:42 pm

    Property Features for 746 Tchoupitoulas Street

    General Information

    Standard status
    Active
    Size
    10,815 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Glenn "Chip" Gardner

    Listing agent Glenn "Chip" Gardner License #912124852

    Listing office The Chip Gardner & Herbert Dubuisson Group Compass

    Listing date May 13, 2026

    Source Crexi

    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 The Chip Gardner & Herbert Dubuisson Group Compass

    HighLights

    • Prime location in the Arts & Warehouse District, across from Emeril's Restaurant.
    • Currently 100% leased to a single tenant operating two restaurants.
    • Historically used as a successful restaurant, bar, and event space.
    • Consists of 3 connected commercial condominium units.
    • Features multiple dining areas, two bars, and a kitchen.
    • Walking distance to the Ernest N. Memorial Convention Center and minutes from the French Quarter.

    Overview

    The ground floor restaurant condominium is available for purchase within the Julia Place Condominiums, a 5-story residential complex. The property is currently 100% leased to a single tenant operating as two restaurants: LeMoyne Bistro and Maria’s Oyster Bar. Historically, the space was occupied by Tommy’s Cuisine & Wine Bar under the same owner and business, functioning as a restaurant, bar, and event space. The property comprises three connected commercial condominium units, featuring multiple dining areas, two bars, and a kitchen. The property is located at the intersection of Tchoupitoulas Street and Julia Street, across from Emeril’s Restaurant in the Arts & Warehouse District. It is within walking distance of the Ernest C. Memorial Convention Center and minutes from the French Quarter.
    Location Intelligence

    Current Use by Public Records

    Tommy's Cuisine Restaurant 746 Tchoupitoulas St ... Parking Lot & Garage Parking Lot Condominium Complex

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Daycare Center Grocery & Convenience Store Skin Care Clinic

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

    Similar Places Nearby

    • TheCookingBeauty — St Thomas St, New Orleans, LA 70130
    • Good4ortune LLC — 1805 S Rampart St, New Orleans, LA 70113
    • 2 Girls And A Spoon — 923 Constance St, New Orleans, LA 70130
    • Table Toppers LLC — 1201 Annunciation St, New Orleans, LA 70130
    • Queen on Wheels Foodtruck and Catering — 1021 Convention Center Blvd, New Orleans, LA 70130

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0672866
    Latitude
    29.9453004

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space in the Arts & Warehouse District for sale.
    Where is this restaurant located?
    The property is located at 746 Tchoupitoulas Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $4,590,000.
    What are key features of this property?
    This property features: Prime location in the Arts & Warehouse District, across from Emeril's Restaurant.; Currently 100% leased to a single tenant operating two restaurants.; Historically used as a successful restaurant, bar, and event space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Glenn "Chip" Gardner
    Real Estate License ID: 912124852
    Learn More
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    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.

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