4-Space Retail
For Sale
Contact for pricing
8001 Downman Road B2, New Orleans, LA 70126
Includes a waiting area, paid utilities, and off-street parking.
Property Size15,000 SF
Price / SF$0.09
Days on Market84
Property Features for 8001 Downman Road B2
General Information
Standard status
Active
Size
15,000 SF
Additional Details
Office Units
4
Amenities
Waiting area
Building Details
Year Built
1960
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Noah Thomas · License #995715515
(504) 388-6437
Source:
Fiorellaavenue
Added: Jul 26
Changed: Oct 9
Last Checked: Oct 7 at 5:46PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 8001 Downman Road B2 includes four separate spaces along with a designated waiting area. The building dates to 1960 and provides off-street parking for occupants and visitors.
Utilities are paid, while internet service is the responsibility of the lessee. Occupancy also requires the business to carry liability insurance.
Utilities are paid, while internet service is the responsibility of the lessee. Occupancy also requires the business to carry liability insurance.
Key Highlights
- Four separate retail spaces within the property
- Waiting area included
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,116
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,162,320
$4.2M
Cap Rate 7%
$2,973,086
$3.0M
Cap Rate 9%
$2,312,400
$2.3M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$338.4K $22.56/SF
− Vacancy
−$60.9K −$4.06/SF
EGI
$277.5K $18.50/SF
− OpEx
−$69.4K −$4.62/SF
NOI
$208.1K $13.87/SF
Area
ZIP 70126
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,162,320
Cap Rate 7%
$2,973,086
Cap Rate 9%
$2,312,400
Alternative Uses
Best Use
Retail
$3.39M
$2.96M – $3.95M
NOI $237,082 @ 7.0% cap · market cap 16,934.43%
Second Best
Office B
$2.97M
$2.60M – $3.47M
NOI $208,116 @ 7.0% cap · market cap 14,865.43%
Theoretical Best
Office A
$3.93M
$3.44M – $4.59M
NOI $275,400 @ 7.0% cap · market cap 19,671.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
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
Check the figures for this property
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?
Retail space - Includes a waiting area, paid utilities, and off-street parking.
Where is this retail space located?
The property is located at 8001 Downman Road B2 New Orleans, LA.
What are key features of this property?
This property features: Four separate retail spaces within the property; Waiting area included; Off‑street parking available
