Spacious Building in Algiers
627 OPELOUSAS Avenue New Orleans, LA 70114
For Sale
$445,000
COMMERCIAL - New Orleans, LA
Property Size2,266 SF
Price / SF$196.38
Days on Market144
Property Features for 627 OPELOUSAS Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- comm
- Standard status
- Active
- APN
- 51302007
- Size
- 2,266 SF
Utilities
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Vanessa Parnell · License #000018598
(504) 908-5037
Added: Mar 3
Changed: May 13
Last Checked: Jul 25 at 9:06AM
MLS# 2545592
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.
This entire building in Algiers Point offers a rare opportunity for purchase. The property features a large multipurpose room with high ceilings and abundant natural light, complemented by an upstairs loft area. This space is suitable for various uses, including a classroom, training room, photography space, after-school program, or art studio. Additionally, the building includes two conference rooms, both equipped with smart screen TVs, tables, and chairs. Furniture is available for purchase separately. The property also provides a breakroom and one full and two half bathrooms. The roof is 4 years old, and the HVAC system is 5 years old. Located in an X Flood zone, the flood policy is transferable. The building, with a total size of 2266 square feet, has previously served as a residential home and can be converted back into a 5-bedroom residence. The floor plan is available in photos and attachments.
Key Highlights
- Spacious entire building in desirable Algiers Point.
- Large multipurpose room with high ceilings and loft, suitable for various uses.
- Two conference rooms equipped with smart screen TVs, tables, and chairs.
Financial Insights For Office B
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 | $51.7k | $22.80 |
| − Vacancy | −$7.1k | −$3.15 |
| EGI | $44.5k | $19.65 |
| − OpEx | −$11.1k | −$4.91 |
| NOI | $33.4k | $14.74 |
2,266 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$477.2K
$417.5K – $556.7K
NOI $33,401 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.9K
$504.0K – $671.9K
NOI $40,316 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Christiel Holistic Healing ...
Life Coach
Pure Healing Insight
Astrologer
The Mind Body Collective ...
Real Estate Agency
Algiers Point Holistic ...
Alternative Medicine Practice
FAQs
What type of property is this?
Office building - Versatile commercial building or residential conversion opportunity in New Orleans.
Where is this office building located?
The property is located at 627 OPELOUSAS Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Spacious entire building in desirable Algiers Point.; Large multipurpose room with high ceilings and loft, suitable for various uses.; Two conference rooms equipped with smart screen TVs, tables, and chairs.
