627 OPELOUSAS Avenue, New Orleans, LA 70114
- 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
Listing agent Vanessa Parnell License #000018598 (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date Mar 3, 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.
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0497806
- Latitude
- 29.9485488