Historic Two-Story Office
For Sale
$1,450,000
1305 DUBLIN Street, New Orleans, LA 70118
Commercial, New Orleans, LA
Property Size4,939 SF
Lot Size0.16 Acres
Price / SF$293.58
Days on Market57
Property Features for 1305 DUBLIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU-RD2
Parking features
Carport, Covered
Lot features
Corner, Regular
Standard status
Active
APN
716202308
Size
4,939 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
SQ 164 LOT PT F-G DUBLIN 60 X 119 6
Legal Description
SQ 164 LOT PT F-G DUBLIN 60 X 119 6
Utilities
Water source
Public
Amenities
courtyard
kitchenette
Building Details
Year built
1930
Floors in Building
2
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Louis Williams · License #73679
(985) 237-0712
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 2564858
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1930, this two-story office property combines historic character with updated business functionality. The 4,939-square-foot layout includes a reception area, private offices, conference and meeting rooms, open work areas, a kitchenette, executive offices, multipurpose rooms, and updated bathrooms. Brick flooring, oversized windows, custom millwork, and refinished hardwood floors contribute distinctive interior finishes. Multiple entrances support circulation through the building, while the adaptable arrangement can accommodate professional office, collaborative, training, or client-facing areas subject to zoning and permitted use.
The property includes a fenced courtyard shaded by mature trees, along with carport and covered parking. Public water serves the site, which is zoned HU-RD2. Located in Uptown New Orleans, the building offers a character-rich setting for an office user seeking a combination of individual rooms, shared areas, and meeting space.
The property includes a fenced courtyard shaded by mature trees, along with carport and covered parking. Public water serves the site, which is zoned HU-RD2. Located in Uptown New Orleans, the building offers a character-rich setting for an office user seeking a combination of individual rooms, shared areas, and meeting space.
Key Highlights
- 4,939‑square‑foot office property built in 1930
- Two‑story layout with private offices, meeting rooms, open work areas, and multipurpose rooms
- Historic interior details include brick flooring, oversized windows, custom millwork, and refinished hardwood floors
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
$72,802
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
5.02%
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%
$1,456,040
$1.5M
Cap Rate 7%
$1,040,029
$1.0M
Cap Rate 9%
$808,911
$808.9K
Market Conditions
NOI Build-Up for 4,939 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
$112.6K $22.80/SF
− Vacancy
−$15.5K −$3.15/SF
EGI
$97.1K $19.65/SF
− OpEx
−$24.3K −$4.91/SF
NOI
$72.8K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,456,040
Cap Rate 7%
$1,040,029
Cap Rate 9%
$808,911
Alternative Uses
Best Use
Office B
$1.04M
$910.0K – $1.21M
NOI $72,802 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,873 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
Explore this area
Business Placement
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 Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated professional office setting with private rooms, meeting areas, natural light, and a landscaped courtyard.
Where is this office building located?
The property is located at 1305 DUBLIN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,939‑square‑foot office property built in 1930; Two‑story layout with private offices, meeting rooms, open work areas, and multipurpose rooms; Historic interior details include brick flooring, oversized windows, custom millwork, and refinished hardwood floors
