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 Market145
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: Sep 8
Last Checked: Sep 13 at 5:16AM
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
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 = 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
$80,960
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
8.90%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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Market
Vacancy Rate% for Industrial in South region
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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
