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    Renovated Commercial Property in New Orleans Title is generated by Realmo AI

    5513 TCHOUPITOULAS Street, New Orleans, LA 70115

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    Claim this Listing
    For Sale
    $595,000

    COMMERCIAL - New Orleans, LA

    Property size:
    2,501 SF
    Price / SF:
    $237/SF
    Added:
    Jan 30, 2026
    Days on Market:
    123
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 5513 TCHOUPITOULAS Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HU MU
    Standard status
    Active
    APN
    614105103
    Size
    2,501 SF

    Taxes and HOA fees

    Tax Description
    SQ 130 Lot B Tchoupitoulas Street

    Utilities

    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    2

    We can help!

    Listing Contact
    Lynn Morgan
    Lynn Morgan

    Listing agent Lynn Morgan License #000021015

    Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA

    Listing date Jan 30, 2026

    MLS# 2540783

    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

    • Prime location across from Aldi and Riverside Market, walkable to Magazine Street
    • Investment opportunity with one side currently rented until May 2026, offering owner‑occupied potential
    • Sold furnished for immediate occupancy or rental
    • Renovated in 2006, updated property with modern features
    • Desirable features include eleven‑foot ceilings, oak flooring, stainless steel kitchen appliances, and separate laundry for each unit
    • 5513 unit features a dedicated staircase to a second‑floor bonus room (826 sq. ft.) with air/heat

    Overview

    This commercial property presents a great investment opportunity for owner occupancy, featuring an office location on one side of a double. The property was renovated by a previous owner in 2006 and is sold furnished. It is situated across from the Aldi market and Riverside Market shops and restaurants, providing easy access to Uptown, Audubon Park, the Garden District, and downtown New Orleans. The location is walkable to Magazine Street shops and restaurants. One side of the double is currently rented until the end of May 2026. The property features eleven-foot ceilings, oak flooring, ceiling fans, stainless steel kitchen appliances, and a separate laundry facility for each unit in outside sheds. Unit 5513 includes a dedicated staircase to a second-floor bonus room, which is 826 square feet and under air and heat; this space is included in the square footage of the living space. The property is zoned HU MU and has a total size of 2501 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1176777
    Latitude
    29.9165594

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    FAQs

    What type of property is this?
    Office units - Commercial property with office space, renovated, furnished, and conveniently located.
    Where is this office units located?
    The property is located at 5513 TCHOUPITOULAS Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime location across from Aldi and Riverside Market, walkable to Magazine Street; Investment opportunity with one side currently rented until May 2026, offering owner‑occupied potential; Sold furnished for immediate occupancy or rental
    (504) 669-8822
    We can help!
    Listing Contact
    Lynn Morgan
    Lynn Morgan
    Real Estate License ID: 000021015
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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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