Restaurant Space with
For Sale
$600,000
810 N Claiborne Ave, New Orleans, LA 70116
Restaurant property with an updated commercial kitchen, dedicated bar, and outdoor dining area.
Property Size2,470 SF
Price / SF$242.91
Days on Market86
Property Features for 810 N Claiborne Ave
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Hospitality
Zoning
HMC-2
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Listing Agency:
French Quarter Realty
Listed By:
Andrew Grafe · License #995682122
(504) 529-9559
Source:
Lacdb.resimplifi
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 12 at 4:42PM
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 French Quarter Realty
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a dining room with an upstairs mezzanine, a separate bar area, and an outdoor yard or patio configured for dining and events. The kitchen has been updated to meet current fire-suppression and vent-hood requirements. HMC-2 zoning supports standard and specialty restaurant options under the CZO.
The property is located at 810 N Claiborne Ave and 812 N. Claiborne Ave in New Orleans. Parking is available beneath the Claiborne Avenue overpass, with access to I-10 and the French Quarter located just blocks away. The address sits in the Tremé area, providing a restaurant configuration with indoor and outdoor gathering areas.
The property is located at 810 N Claiborne Ave and 812 N. Claiborne Ave in New Orleans. Parking is available beneath the Claiborne Avenue overpass, with access to I-10 and the French Quarter located just blocks away. The address sits in the Tremé area, providing a restaurant configuration with indoor and outdoor gathering areas.
Key Highlights
- 2,470 property size
- HMC‑2 zoning supports standard and specialty restaurant options under the CZO
- Dining room with an upstairs mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,857
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,140
$697.1K
Cap Rate 7%
$497,957
$498.0K
Cap Rate 9%
$387,300
$387.3K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$47.4K $19.20/SF
− Vacancy
−$948 −$0.38/SF
EGI
$46.5K $18.82/SF
− OpEx
−$11.6K −$4.70/SF
NOI
$34.9K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,140
Cap Rate 7%
$497,957
Cap Rate 9%
$387,300
Alternative Uses
Best Use
Specialty Retail
$498.0K
$435.7K – $581.0K
NOI $34,857 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2,911
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with an updated commercial kitchen, dedicated bar, and outdoor dining area.
Where is this conventional restaurant located?
The property is located at 810 N Claiborne Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,470 property size; HMC‑2 zoning supports standard and specialty restaurant options under the CZO; Dining room with an upstairs mezzanine
