Downman Road Commercial
7100 Downman Rd New Orleans, LA 70126
7100 Downman Rd, New Orleans, LA, 70126
Contact for pricing
For Sale
Contact for pricing
Former Papa John's restaurant with retail or restaurant potential.
Property Size1,320 SF
Price / SF$181.82
Days on Market1172
Property Features for 7100 Downman Rd
General Information
- Standard status
- Active
- Size
- 1,320 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing Agency
Paul Gilmore & Associates
(504) 456-1234
Listed by
Kathy Tolliver · License #05755
Source
Crexi
Added: May 5, 2023 Checked: Jul 17 at 2:32 pm
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 Paul Gilmore & Associates
Investment Insights
Based on property information with market context.
This commercial property is located on Downman Road. The one-story building, formerly a Papa John's Pizza restaurant, offers possibilities for retail or restaurant use. It is zoned C-1. The location benefits from a traffic count of approximately 17,000 cars per day. The property has a size of 1,320 square feet.
Key Highlights
- High traffic count (approx. 17,000 cars per day)
- C‑1 zoning (suitable for retail or restaurant)
- Former Papa John's Pizza restaurant with existing restaurant infrastructure
Local Financial Insights For 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 | $30.4k | $23.04 |
| − Vacancy | −$608 | −$0.46 |
| EGI | $29.8k | $22.58 |
| − OpEx | −$8.9k | −$6.77 |
| NOI | $20.9k | $15.81 |
1,320 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$322.7K
$282.3K – $376.5K
NOI $22,587 @ 7.0% cap · market cap 9.41%
Second Best
Retail
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$346.2K
$302.9K – $403.9K
NOI $24,235 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
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FAQs
What type of property is this?
Restaurant - Former Papa John's restaurant with retail or restaurant potential.
Where is this restaurant located?
The property is located at 7100 Downman Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: High traffic count (approx. 17,000 cars per day); C‑1 zoning (suitable for retail or restaurant); Former Papa John's Pizza restaurant with existing restaurant infrastructure