Mixed-Use Property with Restaurant and
For Sale
$800,000
8009 Downman Rd, New Orleans, LA 70126
Mixed-use commercial property combining restaurant, bar, retail, and residential components in New Orleans.
Property Size3,850 SF
Price / SF$207.79
Days on Market48
Property Features for 8009 Downman Rd
General Information
Standard status
Active
Size
3,850 SF
Site & Location
Neighborhood
Pines Village
Amenities
shared kitchen
Building Details
Year Built
1977
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Noah Thomas · License #995715515
(504) 889-8988
Source:
Dominionplace
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 7 at 1:23PM
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 combines commercial and residential components within a 3,850-square-foot building constructed in 1977. The commercial portion includes a restaurant and bar, along with retail space. Residential accommodations include multiple one-bedroom units that share a kitchen.
Located at 8009 Downman Rd in New Orleans, LA 70126, the property offers several established use components within one asset. The restaurant and bar are described as fully operational, while the residential units provide additional occupancy options. The property may be sold together or individually, and the business may also be offered separately.
Located at 8009 Downman Rd in New Orleans, LA 70126, the property offers several established use components within one asset. The restaurant and bar are described as fully operational, while the residential units provide additional occupancy options. The property may be sold together or individually, and the business may also be offered separately.
Key Highlights
- 3,850‑square‑foot mixed‑use property
- Restaurant and bar included
- Multiple one‑bedroom residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,878
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,560
$1.3M
Cap Rate 7%
$941,114
$941.1K
Cap Rate 9%
$731,978
$732.0K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$90.1K $23.40/SF
− Vacancy
−$2.3K −$0.59/SF
EGI
$87.8K $22.81/SF
− OpEx
−$22.0K −$5.70/SF
NOI
$65.9K $17.11/SF
Area
ZIP 70126
Vacancy
2.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,560
Cap Rate 7%
$941,114
Cap Rate 9%
$731,978
Alternative Uses
Best Use
Specialty Retail
$941.1K
$823.5K – $1.10M
NOI $65,878 @ 7.0% cap · market cap 8.23%
Second Best
Retail
$869.3K
$760.6K – $1.01M
NOI $60,851 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
66
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Gemaire Distributors
Shops & Services
66 visits/mo
0.3 miles
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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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial property combining restaurant, bar, retail, and residential components in New Orleans.
Where is this mixed-use property located?
The property is located at 8009 Downman Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,850‑square‑foot mixed‑use property; Restaurant and bar included; Multiple one‑bedroom residential units
