Four-Level Mixed-Use
For Sale
$2,750,000
717 CAMP Street, New Orleans, LA 70130
Commercial, New Orleans, LA
Property Size13,622 SF
Lot Size0.09 Acres
Price / SF$201.88
Days on Market29
Property Features for 717 CAMP Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD-5
Lot features
Regular
Subdivision
Warehouse District
Standard status
Active
APN
717-CAMPST
Size
13,622 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 179 LOTS 23 OR 17 CAMP & CHURCH 27' X 149' 2" or AS PER TITLE
Legal Description
SQ 179 LOTS 23 OR 17 CAMP & CHURCH 27' X 149' 2" or AS PER TITLE
Utilities
Water source
Public
Amenities
private balconies
private terrace
ballroom
double parlor
large kitchen
Building Details
Year built
1844
Floors in Building
4
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Meredith Strachan · License #0995682905
(504) 655-5256
Added: Aug 6
Changed: Aug 19
Last Checked: Sep 3 at 12:06AM
MLS# 2571250
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.
Constructed in 1844, this four-level property contains 13,622 square feet on a 27 x 149-foot lot. Original hardwood flooring, detailed millwork, plaster ornamentation, tall windows, wrought-iron balcony railings, and ceilings reaching 14 feet on the second floor preserve the building’s historic character. The interior includes a double parlor, large kitchen, ballroom, six bedrooms or offices, three full bathrooms, and one half-bath. A rooftop terrace overlooks the St. Charles Avenue parade route and the city skyline.
The first floor is leased month-to-month, while the owner occupies the upper floors. CBD-5 zoning allows for residential, office, or retail conversion. The property is located at 717 CAMP Street in New Orleans’ Warehouse District, near dining, art galleries, and shops. Businesses currently occupy the building, and those businesses are not included in the sale.
The first floor is leased month-to-month, while the owner occupies the upper floors. CBD-5 zoning allows for residential, office, or retail conversion. The property is located at 717 CAMP Street in New Orleans’ Warehouse District, near dining, art galleries, and shops. Businesses currently occupy the building, and those businesses are not included in the sale.
Key Highlights
- 13,622 square feet across four levels on a 27 x 149‑foot lot
- 1844 construction with original hardwood floors, millwork, plaster details, and wrought‑iron balconies
- CBD‑5 zoning permits residential, office, or retail conversion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$200,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,015,820
$4.0M
Cap Rate 7%
$2,868,443
$2.9M
Cap Rate 9%
$2,231,011
$2.2M
Market Conditions
NOI Build-Up for 13,622 SF
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.
Gross rent
$310.6K $22.80/SF
− Vacancy
−$42.9K −$3.15/SF
EGI
$267.7K $19.65/SF
− OpEx
−$66.9K −$4.91/SF
NOI
$200.8K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,015,820
Cap Rate 7%
$2,868,443
Cap Rate 9%
$2,231,011
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,791 @ 7.0% cap · market cap 7.30%
Second Best
Mixed Use
$2.63M
$2.30M – $3.06M
NOI $183,897 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,358 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD-5 zoning supports residential, office, or retail conversion within a renovated historic property.
Where is this mixed-use property located?
The property is located at 717 CAMP Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 13,622 square feet across four levels on a 27 x 149‑foot lot; 1844 construction with original hardwood floors, millwork, plaster details, and wrought‑iron balconies; CBD‑5 zoning permits residential, office, or retail conversion
