Mixed-Use Property with
For Sale
$800,000
8009 DOWNMAN Road, New Orleans, LA 70126
Commercial Sale, New Orleans, LA
Property Size3,850 SF
Price / SF$207.79
Days on Market212
Property Features for 8009 DOWNMAN Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c-1
Parking
3
Parking features
Off Street
Lot features
Irregular Lot
Directions
Chef Hwy to Downman Rd
Standard status
Active
APN
39W020203
Size
3,850 SF
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Additional Details
Mixed-Use Components
restaurant, retail, residential
Taxes and HOA fees
Tax Description
SQ A ENTRANCE PK NO 1 LOT C- 1 DOWNMAN RD 52X103/105 BR/GLASS BLDG FLAT/R PIK QWIK PLAN 9-15B-13
Legal Description
SQ A ENTRANCE PK NO 1 LOT C- 1 DOWNMAN RD 52X103/105 BR/GLASS BLDG FLAT/R PIK QWIK PLAN 9-15B-13
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Amenities
shared kitchen
Building Details
Year built
1977
Floors in Building
2
Building materials
Brick, Stucco, Wood Siding
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Noah A Thomas · License #995715515
(504) 388-6437
Added: Mar 26
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2549543
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,850-square-foot mixed-use property contains a restaurant and bar, retail space, and one-bedroom residential units. The residential units share a kitchen. The building dates to 1977 and has brick, stucco, and wood siding construction.
The property is zoned C-1 and has off-street parking. Natural gas is available, with public water and public sewer service. The real estate may be offered together or individually, and the business may also be sold separately.
The property is zoned C-1 and has off-street parking. Natural gas is available, with public water and public sewer service. The real estate may be offered together or individually, and the business may also be sold separately.
Key Highlights
- 3,850 square feet of mixed‑use space
- Restaurant and bar with retail space
- One‑bedroom residential units with a shared kitchen
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components share one property, with residential units using a shared kitchen.
Where is this mixed-use property located?
The property is located at 8009 DOWNMAN Road 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 feet of mixed‑use space; Restaurant and bar with retail space; One‑bedroom residential units with a shared kitchen
