Historic Mixed-Use Redevelopment
1000 N Rampart St, New Orleans, LA 70116
For Sale
$1,999,000
Historic corner property near French Quarter with redevelopment potential.
Property Size7,616 SF
Price / SF$262.47
Days on Market288
Property Features for 1000 N Rampart St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
Vacant
Building Details
Year Built
Listing Agency:
Talbot Realty Group
Listed By:
Chris Talbot · License LA #0000075986
(504) 319-1452
Source:
Lacdb.resimplifi
Added: Jan 30
Changed: Oct 31
Last Checked: Nov 12 at 4:13AM
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 Talbot Realty Group
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Investment Insights
Based on property information with market context.
This historic mixed-use redevelopment opportunity is located along the North Rampart Street corridor at the intersection of Rampart Street and St. Philip Street, situated at the edge of the French Quarter and Tremé. Constructed circa 1870, the property features an approximately 7,615 square foot historic corner structure with dual frontage and off-street parking. The building retains significant historic fabric, including masonry bearing walls, heavy timber framing, and full-length wrought-iron galleries overlooking Rampart Street. Based on existing floor plans, the property contains approximately 10,000 square feet of estimated rentable area. The seller estimates a total usable area of approximately 11,581 square feet, inclusive of conditioned interior space plus partial allocation of gallery and balcony areas. Buyer to verify all square footage. The building is vacant and partially improved, offering a clear redevelopment framework. A full-height third-level attic provides meaningful expansion potential. The property has received State and Federal Historic Tax Credit Part 1 approvals and is zoned VCC-2, allowing a broad range of commercial, residential, and mixed-use configurations. The property is offered as-is.
Key Highlights
- Prime location at the edge of the French Quarter and Tremé on the North Rampart Street corridor.
- Significant historic fabric and architectural details, including masonry bearing walls and wrought‑iron galleries.
- Approved for State and Federal Historic Tax Credits.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,816
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,056,320
$2.1M
Cap Rate 7%
$1,468,800
$1.5M
Cap Rate 9%
$1,142,400
$1.1M
Market Conditions
NOI Build-Up for 7,616 SF
Gross rent
$182.8K $24.00/SF
− Vacancy
−$18.3K −$2.40/SF
EGI
$164.5K $21.60/SF
− OpEx
−$61.7K −$8.10/SF
NOI
$102.8K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,056,320
Cap Rate 7%
$1,468,800
Cap Rate 9%
$1,142,400
Alternative Uses
Best Use
Mixed Use
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,501 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,536
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic corner property near French Quarter with redevelopment potential.
Where is this mixed-use property located?
The property is located at 1000 N Rampart St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Prime location at the edge of the French Quarter and Tremé on the North Rampart Street corridor.; Significant historic fabric and architectural details, including masonry bearing walls and wrought‑iron galleries.; Approved for State and Federal Historic Tax Credits.
