Full-Service Restaurant with
8227 Oak St New Orleans, LA 70118
8227 Oak St, New Orleans, LA, 70118
$1,340,000
For Sale
$1,340,000
Elevator-served two-story restaurant with full bar and a commercial kitchen featuring multiple hood systems.
Property Size4,587 SF
Price / SF$292.13
Days on Market120
Property Features for 8227 Oak St
General Information
- Standard status
- Active
- Size
- 4,587 SF
Listing agency
Ben & Burka
(504) 301-1002
Listed by
Aaron Kazanoff · License #0995700882
(504) 301-1002
Source
Exprealty
Added: Mar 25 Updated: Jul 22 at 11:12AM Checked: Jul 22 at 11:12AM
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 Ben & Burka
Investment Insights
Based on property information with market context.
This turnkey, full-service restaurant is arranged over two levels and designed for high-volume operations. The ground floor includes an open dining room with high ceilings, a full bar, and an expansive commercial kitchen with multiple hood systems. The kitchen is supported by extensive prep and storage areas, a dish pit, and a large walk-in cooler and freezer. The second floor adds additional dining and event space with an open seating area, a full bar, and a dedicated walk-in cooler for upstairs tap lines and keg system.
The property is located on the Oak Street commercial corridor in Uptown New Orleans, surrounded by restaurants, bars, and neighborhood destinations.
The building is elevator-served and includes kitchen and service infrastructure for both levels, making it a functional, ready-to-operate hospitality space.
The property is located on the Oak Street commercial corridor in Uptown New Orleans, surrounded by restaurants, bars, and neighborhood destinations.
The building is elevator-served and includes kitchen and service infrastructure for both levels, making it a functional, ready-to-operate hospitality space.
Key Highlights
- Elevator‑served two‑story restaurant on the Oak Street commercial corridor in Uptown New Orleans
- Ground‑floor open dining room with high ceilings and a full bar
- Expansive commercial kitchen with multiple hood systems, extensive prep/storage, dish pit, and massive walk‑in cooler and freezer
Local Financial Insights For Specialty 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 | $88.1k | $19.20 |
| − Vacancy | −$1.8k | −$0.38 |
| EGI | $86.3k | $18.82 |
| − OpEx | −$21.6k | −$4.70 |
| NOI | $64.7k | $14.11 |
4,587 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$924.7K
$809.2K – $1.08M
NOI $64,732 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$418.3K
$366.0K – $488.1K
NOI $29,283 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,610 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
14 Parishes Jamaican ...
Restaurant
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FAQs
What type of property is this?
Conventional restaurant - Elevator-served two-story restaurant with full bar and a commercial kitchen featuring multiple hood systems.
Where is this conventional restaurant located?
The property is located at 8227 Oak St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: Elevator‑served two‑story restaurant on the Oak Street commercial corridor in Uptown New Orleans; Ground‑floor open dining room with high ceilings and a full bar; Expansive commercial kitchen with multiple hood systems, extensive prep/storage, dish pit, and massive walk‑in cooler and freezer
