Mixed-Use Property with Office
For Sale
$1,400,000
8001 Downman Rd, New Orleans, LA 70126
Combines office, retail, and multifamily space with off-street parking and owner-paid utilities in some areas.
Property Size3,850 SF
Price / SF$363.64
Days on Market72
Property Features for 8001 Downman Rd
General Information
Standard status
Active
Size
3,850 SF
Building Details
Year Built
1977
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Noah Thomas · License #995715515
(504) 388-6437
Source:
Dominionplace
Added: Aug 6
Changed: Oct 9
Last Checked: Oct 7 at 4:44PM
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 455-0100
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Investment Insights
Based on property information with market context.
This mixed-use property at 8001 Downman Rd in New Orleans combines office space, retail space, and multifamily units within one asset. The property was built in 1977 and includes off-street parking. Some utilities are paid by the owner, providing an additional operating feature for occupants.
Commercial spaces are offered under Modified Gross lease terms, while the multifamily units are structured around 12-month leases. Both the commercial and residential portions are actively leasing, creating flexibility for an owner-user, investor, or tenant seeking office, retail, and residential components in the same property. The building contains 3,850 square feet.
Commercial spaces are offered under Modified Gross lease terms, while the multifamily units are structured around 12-month leases. Both the commercial and residential portions are actively leasing, creating flexibility for an owner-user, investor, or tenant seeking office, retail, and residential components in the same property. The building contains 3,850 square feet.
Key Highlights
- Office, retail, and multifamily uses within one property
- 3,850 square feet built in 1977
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,851
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,020
$1.2M
Cap Rate 7%
$869,300
$869.3K
Cap Rate 9%
$676,122
$676.1K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$88.7K $23.04/SF
− Vacancy
−$1.8K −$0.46/SF
EGI
$86.9K $22.58/SF
− OpEx
−$26.1K −$6.77/SF
NOI
$60.9K $15.81/SF
Area
ZIP 70126
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,020
Cap Rate 7%
$869,300
Cap Rate 9%
$676,122
Alternative Uses
Best Use
Retail
$869.3K
$760.6K – $1.01M
NOI $60,851 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$763.1K
$667.7K – $890.3K
NOI $53,416 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines office, retail, and multifamily space with off-street parking and owner-paid utilities in some areas.
Where is this mixed-use property located?
The property is located at 8001 Downman Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Office, retail, and multifamily uses within one property; 3,850 square feet built in 1977; Off‑street parking included
