4243 Canal CANAL Street New Orleans, LA 70119
COMMERCIAL - New Orleans, LA
Property Features for 4243 Canal CANAL Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HU-MU
- Parking features
- Garage
- Standard status
- Active
- APN
- 4243-CANALST
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- SQ 559 LOT 1-A-1 CANAL AND N HENNESSEY 57X120X100XVAR
Utilities
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
Listing agent Brittany Picolo (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date Jul 13, 2026
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.
The property is located at 4243 Canal CANAL Street in New Orleans, LA 70119, in zoning HU-MU. The building is currently subject to an existing lease running through mid-2031, with a scheduled rent increase in July 2026 (a rent escalation only, not a lease expiration). The lease also includes an $8,500 security deposit. The remarks further indicate that early termination would release the tenant from approximately five remaining years on the lease.
With office/retail space and warehouse/work configuration under one roof, the layout supports customer-facing functions alongside vehicle-access storage and service operations, subject to the existing lease in place.
Key Highlights
- Approx. 4,906 SF commercial automotive property on Canal Street in New Orleans
- Two‑level layout with 1,945 SF office/retail plus 2,960 SF warehouse/work area and storage
- Warehouse/work area includes six bay doors for vehicle access and workflow
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 | $113.0k | $23.04 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $110.8k | $22.58 |
| − OpEx | −$33.2k | −$6.77 |
| NOI | $77.5k | $15.81 |
Alternative Uses
Property Analytics
Current Use by Public Records
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