Two-Level Restaurant
For Sale
$644,900
8433 Oak St, New Orleans, LA 70118
Restaurant property with dining areas, bar service, kitchen infrastructure, elevator access, and fenced off-street parking.
Property Size6,192 SF
Price / SF$104.15
Days on Market182
Property Features for 8433 Oak St
General Information
Standard status
Active
Size
6,192 SF
Total Parking Spaces
19
Property subtype
Retail
Zoning
HU-MU
Additional Details
Road Access
Yes
Amenities
19 Parking Spaces
Building Details
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Donald Julien & Associates
(504) 394-2414
Listed By:
Chip Julien · License #995682459
(504) 394-2414
Source:
Lacdb.resimplifi
Added: Mar 2
Changed: Aug 29
Last Checked: Aug 30 at 1:30PM
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 Donald Julien & Associates
Investment Insights
Based on property information with market context.
This 6,192-square-foot restaurant property includes two levels of customer and back-of-house space. The ground floor contains a dining room, bar, partial kitchen, storage, and office areas. Upstairs, a separate dining room with wood flooring and bench seating connects to a former sushi bar, kitchen area, and additional storage. An elevator serves the kitchen and back-office areas, while the lower level provides two walk-in coolers measuring 11.3x5.3 and 4.6x4.7 internally. Each dining room has two bathrooms, with an additional bathroom and walk-in shower beside the upper kitchen.
Positioned on a corner lot along Oak Street, the property includes fenced off-street parking with entry from both Oak and Joliet. The site is near Maple Leaf Bar, Jacques-Imo’s, and Oak Street’s boutiques and shops. Zoning is HU-MU, and the building was constructed in 1960.
Positioned on a corner lot along Oak Street, the property includes fenced off-street parking with entry from both Oak and Joliet. The site is near Maple Leaf Bar, Jacques-Imo’s, and Oak Street’s boutiques and shops. Zoning is HU-MU, and the building was constructed in 1960.
Key Highlights
- 6,192 SF restaurant property on a corner lot
- Two levels with dining rooms, bar, kitchens, storage, and office areas
- Fenced off‑street parking with access from Oak St and Joliet
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
$39,530
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
6.13%
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%
$790,600
$790.6K
Cap Rate 7%
$564,714
$564.7K
Cap Rate 9%
$439,222
$439.2K
Market Conditions
NOI Build-Up for 6,192 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
$59.4K $9.60/SF
− Vacancy
−$3.0K −$0.48/SF
EGI
$56.5K $9.12/SF
− OpEx
−$16.9K −$2.74/SF
NOI
$39.5K $6.38/SF
Area
New Orleans, LA
Vacancy
5.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$790,600
Cap Rate 7%
$564,714
Cap Rate 9%
$439,222
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,382 @ 7.0% cap · market cap 13.55%
Second Best
Industrial
$564.7K
$494.1K – $658.8K
NOI $39,530 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,166 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 37%
Home Improvements & Furnishings 3%
Beauty & Spa 3%
Shell
Shops & Services
9,171 visits/mo
0.4 miles
Chevron
Shops & Services
5,992 visits/mo
0.3 miles
la Madeleine Country French Cafe
Dining
5,803 visits/mo
0.4 miles
Whitney Bank
Shops & Services
4,842 visits/mo
0.2 miles
Taco Loco
Dining
3,633 visits/mo
0.4 miles
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with dining areas, bar service, kitchen infrastructure, elevator access, and fenced off-street parking.
Where is this conventional restaurant located?
The property is located at 8433 Oak St New Orleans, LA.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: 6,192 SF restaurant property on a corner lot; Two levels with dining rooms, bar, kitchens, storage, and office areas; Fenced off‑street parking with access from Oak St and Joliet
