Mixed-Use Commercial Income
8001 DOWNMAN Road New Orleans, LA 70126
For Sale
$1,400,000
COMMERCIAL - New Orleans, LA
Property Size3,850 SF
Price / SF$363.64
Days on Market125
Property Features for 8001 DOWNMAN Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
Off Street
Standard status
Active
APN
39w020204
Size
3,850 SF
Taxes and HOA fees
Tax Description
SQ A ENTRANCE PK NO 1 LOT D DOWNMAN RD 51 X 97 OVER 99 2/STORY FR & FR OFFICE BLDG
Utilities
Water source
Public
Building Details
Year built
1977
Floors in Building
2
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Noah Thomas · License #995715515
(504) 669-8822
Added: Mar 26
Changed: Apr 27
Last Checked: Jul 28 at 5:06AM
MLS# 2549730
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mixed-use property combines office space, retail space, and multifamily units within a single building. Commercial space is offered under a Modified Gross Lease structure, while the residential units are available on 12-month lease terms. The property is currently actively leasing both its commercial and residential components.
The property is zoned C-1 and includes off-street parking. Public remarks also indicate that some utilities are paid by the owner, which may help support budgeting for qualifying tenants.
Overall, the configuration is designed to support both commercial leasing and recurring residential income under separate lease terms, all within one address. For specific unit availability and tour scheduling, the leasing currently in place can be coordinated for showings.
The property is zoned C-1 and includes off-street parking. Public remarks also indicate that some utilities are paid by the owner, which may help support budgeting for qualifying tenants.
Overall, the configuration is designed to support both commercial leasing and recurring residential income under separate lease terms, all within one address. For specific unit availability and tour scheduling, the leasing currently in place can be coordinated for showings.
Key Highlights
- Mixed‑use property with office space, retail space, and multifamily units
- Off‑street parking available
- Office and retail spaces offered under a Modified Gross Lease
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 | $88.7k | $23.04 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $86.9k | $22.58 |
| − OpEx | −$26.1k | −$6.77 |
| NOI | $60.9k | $15.81 |
3,850 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office, retail, and multifamily units, offering off-street parking and owner-paid utilities for some expenses.
Where is this mixed-use property located?
The property is located at 8001 DOWNMAN Road 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: Mixed‑use property with office space, retail space, and multifamily units; Off‑street parking available; Office and retail spaces offered under a Modified Gross Lease
