Mixed-Use Property with Restaurant and
New
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 Market2
Property Features for 8009 Downman Rd
General Information
Standard status
Active
Size
3,850 SF
Amenities
shared kitchen
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: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:54AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
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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
