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    8009 Downman Rd New Orleans, LA 70126

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    8009 Downman Rd New Orleans, LA 70126

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    • Turn key restaurants
    • 3,315 SF
    • 0.13 lot acres
    For Sale
    $800,000
    View Listing →
    Mixed-Use Commercial & Residential Property For Sale
    $800,000
    3,850 SF

    Mixed-Use Commercial & Residential Property

    Versatile property with restaurant, bar, retail, and residential spaces.

    8009 DOWNMAN Road, New Orleans, LA 70126
    View Listing
    Property ID
    US36-0122653
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eat Well Bar & Grill / Bar & Pub / Restaurant
    • Eat Well Bar and Grill / Restaurant
    • Eat Well bar&Grill / Bar & Pub / Restaurant
    • LibertyX Bitcoin ATM / Atm
    • MSM KITCHEN / Restaurant

    Property Details for 8009 Downman Rd

    Year built
    1960
    Lot size
    0.13 lot acres
    Property size
    3,315 SF
    Property type
    Turn key restaurants
    APN
    39W020203
    APU
    39W020203

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0264
    Latitude
    30.0324
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $2,040
    $46,740
    $48,780
    -
    $20,400
    $311,600
    $332,000

    Comparable in this City

    • Value Estimation
      $545,000
      9,254 SF

      4418 Downman Rd

      RESTAURANT • 9,254 SF
      4418 Downman Rd, New Orleans, LA 70126-3715
      View Details
    • Value Estimation by Request
      2,311 SF

      7150 Downman Rd

      RESTAURANT • 2,311 SF
      7150 Downman Rd, New Orleans, LA 70126-2562
      View Details
    • Value Estimation by Request
      2,015 SF

      4617 Downman Rd

      RESTAURANT • 2,015 SF
      4617 Downman Rd, New Orleans, LA 70126-3718
      View Details
    • Value Estimation by Request
      6,545 SF

      4000 Downman Rd

      RESTAURANT • 6,545 SF
      4000 Downman Rd, New Orleans, LA 70126-3707
      View Details
    • Value Estimation by Request
      1,800 SF

      3716 Downman Rd

      RESTAURANT • 1,800 SF
      3716 Downman Rd, New Orleans, LA 70126-5179
      View Details
    • Value Estimation by Request
      1,848 SF

      4000 Chef Menteur Hwy

      RESTAURANT • 1,848 SF
      4000 Chef Menteur Hwy, New Orleans, LA 70126-4855
      View Details

    Similar Nearby for Sale

    • $500,000

      Established Restaurant with Remodeled Kitchen

      Well-known New Orleans restaurant with two kitchens and ample storage.
      6746 Chef Menteur Hwy, New Orleans, LA 70126
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    • $240,000
      1,320 SF

      Downman Road Commercial Opportunity

      Former Papa John's restaurant with retail or restaurant potential.
      7100 Downman Rd, New Orleans, LA 70126
      View Details
    • $800,000
      3,850 SF

      Mixed-Use Commercial & Residential Property

      Versatile property with restaurant, bar, retail, and residential spaces.
      8009 Downman Rd, New Orleans, LA 70126
      View Details
    • $2,400,000
      3,850 SF

      Equipped Kitchen Space in New Orleans

      Restaurant kitchen space available in New Orleans with flexible lease terms.
      8001 Downman Rd, New Orleans, LA 70126
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    • Contact for pricing
      4,500 SF

      Mixed-Use Property with Covered Parking

      Mixed-use property featuring office, shop, and covered parking.
      167 Harbor Cir, New Orleans, LA 70126
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      Prime Retail Investment Opportunity

      Fully leased retail building with development potential in New Orleans.
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    Similar Nearby for Lease

    • $2,500 /Mo
      1,440 SF

      Retail Space For Rent

      Retail space available for lease in New Orleans, Louisiana.
      7120-22 Downman Rd, New Orleans, LA 70126
      View Details
    • Contact for pricing
      13,500 SF

      Freestanding Retail Building For Rent

      Freestanding retail building with ample parking and easy highway access.
      4200 Chef Menteur Hwy, New Orleans, LA 70126
      View Details
    • $1.00 SF/Yr

      Industrial Building For Lease

      92,645 SF heavy industrial building available for lease.
      132 Harbor Cir, New Orleans, LA 70126
      View Details
    • Contact for pricing

      Office/Warehouse Facility in New Orleans

      32,565 SF office/warehouse facility for lease in New Orleans.
      7649 Townsend Pl, New Orleans, LA 70126
      View Details
    View Listing
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    New Orleans, LA 70126
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    8009 Downman Rd, New Orleans, LA, 70126

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