Renovated Corner
For Sale
$385,000
8501 Apple Street, New Orleans, LA 70118
HU-B1 zoning allows retail, restaurant, office, and residential uses.
Property Size2,024 SF
Lot Size0.12 Acres
Price / SF$190.22
Days on Market9
Property Features for 8501 Apple Street
General Information
Standard status
Active
Size
2,024 SF
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
HU-B1
Site & Location
Neighborhood
Hollygrove
Corner Location
Yes
Highway Access
Yes
Amenities
fenced backyard
fruit and olive trees
roll-up garage door
Building Details
Building Size
2,024 SF
Year Built
1925
Buildings
1
Stories
1
Listing Agency:
Compass Uptown-Maple St
(504) 861-7575
Listed By:
Cherie Juneau · License #995695343
(504) 307-0586
Source:
Cypresskeyrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:35PM
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 Compass Uptown-Maple St
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated storefront dates to 1925 and occupies a corner parcel measuring approximately 5,325 square feet, or 0.12 acres. The open interior includes a small office and two half baths. A rear roll-up door measuring 10 x 11.5 provides access to the building, and some 3-phase electrical service is present.
The fenced yard contains fruit and olive trees. HU-B1 zoning permits retail, restaurant, office, single-family residential, and two-family residential uses. The property is near the Carrollton streetcar and I-10.
The fenced yard contains fruit and olive trees. HU-B1 zoning permits retail, restaurant, office, single-family residential, and two-family residential uses. The property is near the Carrollton streetcar and I-10.
Key Highlights
- HU‑B1 zoning permits retail, restaurant, office, single‑family, and two‑family residential uses
- 1925 storefront building on a corner parcel
- Lot measures approximately 5,325 square feet, or 0.12 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,992
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,840
$499.8K
Cap Rate 7%
$357,029
$357.0K
Cap Rate 9%
$277,689
$277.7K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$36.4K $18.00/SF
− Vacancy
−$729 −$0.36/SF
EGI
$35.7K $17.64/SF
− OpEx
−$10.7K −$5.29/SF
NOI
$25.0K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,840
Cap Rate 7%
$357,029
Cap Rate 9%
$277,689
Alternative Uses
Best Use
Retail
$357.0K
$312.4K – $416.5K
NOI $24,992 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.4K
$450.1K – $600.2K
NOI $36,010 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 45%
Home Improvements & Furnishings 1%
Popeyes Louisiana Kitchen
Dining
17,197 visits/mo
0.5 miles
Dollar General
Shops & Services
12,107 visits/mo
0.4 miles
Wendy's
Dining
10,221 visits/mo
0.5 miles
Burger King
Dining
9,055 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,701 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
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
Frequently Asked Questions
What type of property is this?
Storefront property - HU-B1 zoning allows retail, restaurant, office, and residential uses.
Where is this storefront property located?
The property is located at 8501 Apple Street New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: HU‑B1 zoning permits retail, restaurant, office, single‑family, and two‑family residential uses; 1925 storefront building on a corner parcel; Lot measures approximately 5,325 square feet, or 0.12 acres
