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    Historic Streetfront Retail Space Title is generated by Realmo AI

    3528 MAGAZINE Street, New Orleans, LA 70115

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    For Lease
    $1,900/Mo $20 SF/Yr (calc)

    SINGLE_FAMILY - New Orleans, LA

    Type:Retail
    Property size:
    1,131 SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 3528 MAGAZINE Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    HU-B1
    Standard status
    Active
    APN
    614125201
    Size
    1,131 SF

    Taxes and HOA fees

    Expense value
    2600
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2

    We can help!

    Listing Contact
    Logan Macrae
    Logan Macrae

    Listing agent Logan Macrae License #995705752

    Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

    Listing date Jun 5, 2026

    MLS# 2561668

    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.

    HighLights

    • Commercial property at 3528 Magazine Street in a retail corridor between Louisiana Avenue and Napoleon Avenue
    • Year‑round pedestrian traffic and drive‑by exposure reported along Magazine Street, linking Uptown to Downtown
    • Historic exterior with large display windows for street presence and natural light
    • Modified gross lease: base rent $1,900/mo; expenses $762.46/mo; total rent $2,662.46/mo
    • Water source: public; cooling: window unit(s)
    • Built in 1920 with an adaptable interior footprint for retail, showroom, gallery, or creative office use

    Overview

    This historic streetfront retail space at 3528 Magazine Street features a storefront with large display windows designed to provide visibility and natural light. The interior offers a highly adaptable layout suited to a range of concepts, including upscale retail, a boutique showroom, an artisanal gallery, or a creative office environment.

    The property is located in a highly visible retail corridor on Magazine Street between Louisiana Avenue and Napoleon Avenue, with access to a built-in mix of retail and dining nearby. The marketing materials describe heavy, year-round pedestrian traffic and strong drive-by exposure connecting Uptown to Downtown. Surrounding tenants called out in the remarks include Free People, Marine Layer, and Tecovas, along with local dining such as Casamento’s, La Petite Grocery, and Shaya.

    For leasing terms, the listing indicates a Modified Gross Lease structure. Base rent is $1,900 per month, with expenses of $762.46 per month, for total rent of $2,662.46 per month. Zoning is shown as HU-B1, supporting a commercial use profile for businesses seeking a recognizable storefront presence in the Magazine Street shopping district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dark Garden Corsetry ... Clothing & Fashion Store The Queen’s Needle (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Harkins the Florist Inc — 1601 Magazine St, New Orleans, LA 70130
    • Kim Starr Wise Floral Events — 437 Philip St, New Orleans, LA 70130
    • pick-a-petal floral design — 741 Philip St, New Orleans, LA 70130
    • Pamela Dennis Flowers — 2727 Prytania St Suite 16, New Orleans, LA 70130

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0914942
    Latitude
    29.9220621

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    FAQs

    What type of property is this?
    Storefront property - Historic Magazine Street storefront with large display windows and adaptable interior for retail, showroom, or creative office use.
    Where is this storefront property located?
    The property is located at 3528 MAGAZINE Street New Orleans, LA.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: Commercial property at 3528 Magazine Street in a retail corridor between Louisiana Avenue and Napoleon Avenue; Year‑round pedestrian traffic and drive‑by exposure reported along Magazine Street, linking Uptown to Downtown; Historic exterior with large display windows for street presence and natural light
    (504) 300-0700
    We can help!
    Listing Contact
    Logan Macrae
    Logan Macrae
    Real Estate License ID: 995705752
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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.

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