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    Spacious Building in Algiers Point Title is generated by Realmo AI

    627 OPELOUSAS Avenue, New Orleans, LA 70114

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    Claim this Listing
    For Sale
    $445,000

    COMMERCIAL - New Orleans, LA

    Property size:
    2,266 SF
    Price / SF:
    $196/SF
    Added:
    Mar 3, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 8 at 3:06 pm

    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

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    Listing Contact
    Vanessa Parnell

    Listing agent Vanessa Parnell License #000018598

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date Mar 3, 2026

    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.

    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.
    • X Flood Zone with transferable flood policy.
    • Relatively new roof (4 years old) and HVAC system (5 years old).
    • Potential to convert back to a 5‑bedroom residential home.

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $40,316 @ 7.0% cap · market cap 9.06%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0497806
    Latitude
    29.9485488

    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.
    More about this property
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