Triplex with
For Sale
$910,000
100 Cicero St, Jefferson, LA 70121
Triplex offers three apartment units plus warehouse space and a billboard visible to over 37,000 VPD.
Property Size6,956 SF
Price / SF$130.82
Days on Market191
Property Features for 100 Cicero St
General Information
Standard status
Active
Size
6,956 SF
Property subtype
Industrial
Zoning
C2
Building Details
Buildings
1
Building Size
6,956 SF
Listing Agency:
Property One Inc New Orleans
Listed By:
Hayden Ingram · License #995711243
(504) 681-3414
Source:
Lacdb.resimplifi
Added: Apr 23
Changed: Oct 25
Last Checked: Oct 30 at 10:24AM
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 Property One Inc New Orleans
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex-style property includes a total 6,956 SF building configured with three apartment units along with warehouse space. The property also features a billboard, providing prominent roadside visibility.
The billboard is visible to over 37,000 VPD. The property is located in close proximity to Ochsner Medical Campus, supporting demand from nearby medical activity.
For tenants or owners looking for a mixed residential and flexible storage/warehouse setup with added signage visibility, the combination of three units, warehouse space, and a high-visibility billboard provides multiple on-site use components within a single building.
The billboard is visible to over 37,000 VPD. The property is located in close proximity to Ochsner Medical Campus, supporting demand from nearby medical activity.
For tenants or owners looking for a mixed residential and flexible storage/warehouse setup with added signage visibility, the combination of three units, warehouse space, and a high-visibility billboard provides multiple on-site use components within a single building.
Key Highlights
- 6,956 SF building with three apartment units
- Warehouse space included within the building
- Billboard visible to over 37,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,960
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,200
$1.6M
Cap Rate 7%
$1,156,571
$1.2M
Cap Rate 9%
$899,556
$899.6K
Market Conditions
NOI Build-Up for 6,956 SF
Gross rent
$161.9K $23.28/SF
− Vacancy
−$14.7K −$2.12/SF
EGI
$147.2K $21.16/SF
− OpEx
−$66.2K −$9.52/SF
NOI
$81.0K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,200
Cap Rate 7%
$1,156,571
Cap Rate 9%
$899,556
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,080 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,960 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,759 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offers three apartment units plus warehouse space and a billboard visible to over 37,000 VPD.
Where is this triplex located?
The property is located at 100 Cicero St Jefferson, LA.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: 6,956 SF building with three apartment units; Warehouse space included within the building; Billboard visible to over 37,000 VPD
