Medical Office Space with Owner-Occupant
For Sale
$3,750,000
100 110-112 W Harrison Ave, New Orleans, LA 70214
Two renovated buildings combine medical and office occupancy with residential apartments and on-site parking.
Property Size10,220 SF
Price / SF$366.93
Days on Market8
Property Features for 100 110-112 W Harrison Ave
General Information
Standard status
Active
Size
10,220 SF
Property subtype
Office
Zoning
S-LB1
Occupancy
92%
Site & Location
Neighborhood
West End
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Building Details
Year Renovated
2018
Buildings
2
Tenancy
Multi
Listing Agency:
Elifin Realty
Listed By:
Brady Becker · License #9006927
(985) 703-1140
Source:
Lacdb.resimplifi
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elifin Realty
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Investment Insights
Based on property information with market context.
This medical and office property comprises two buildings totaling 10,220 SF at 100 and 110-112 W Harrison Ave. The 7,020 SF building at 100 W Harrison also includes two residential apartments. The 3,200 SF building is available for owner occupancy. Overall occupancy is 92%, and LCMC Health leases 3,300 SF through October 2034. Both buildings underwent full renovations and major additions in 2018, expanding them by 60% and 40%; HVAC systems were replaced during that work.
The property sits on a corner site along Lakeview’s main street, within walking distance of New Basin Canal Park, Pizza Domenica, Juliana’s Brazilian Bakery & Café, and El Gato Negro. An on-site parking lot serves the property, with a portion leased to nearby Pizza Domenica. Zoning is S-LB1.
The property sits on a corner site along Lakeview’s main street, within walking distance of New Basin Canal Park, Pizza Domenica, Juliana’s Brazilian Bakery & Café, and El Gato Negro. An on-site parking lot serves the property, with a portion leased to nearby Pizza Domenica. Zoning is S-LB1.
Key Highlights
- 10,220 SF across two medical and office buildings
- 92% leased overall; 3,200 SF available for owner occupancy
- LCMC Health occupies 3,300 SF under a lease through October 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,645
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,012,900
$3.0M
Cap Rate 7%
$2,152,071
$2.2M
Cap Rate 9%
$1,673,833
$1.7M
Market Conditions
NOI Build-Up for 10,220 SF
Gross rent
$233.0K $22.80/SF
− Vacancy
−$32.2K −$3.15/SF
EGI
$200.9K $19.65/SF
− OpEx
−$50.2K −$4.91/SF
NOI
$150.6K $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 Rate 5%
$3,012,900
Cap Rate 7%
$2,152,071
Cap Rate 9%
$1,673,833
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,645 @ 7.0% cap · market cap 4.02%
Second Best
Healthcare Medical
$2.13M
$1.86M – $2.48M
NOI $148,934 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,831 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
92%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two renovated buildings combine medical and office occupancy with residential apartments and on-site parking.
Where is this medical office space located?
The property is located at 100 110-112 W Harrison Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 10,220 SF across two medical and office buildings; 92% leased overall; 3,200 SF available for owner occupancy; LCMC Health occupies 3,300 SF under a lease through October 2034
