Office Unit with Private
For Sale
Contact for pricing
10555 Lake Forest Boulevard 5e&5h, New Orleans, LA 70127
Office condominium suite with reception, conference, copy, and refreshment areas, plus partial furnishings for immediate business use.
Property Size1,200 SF
Price / SF$1.00
Days on Market70
Property Features for 10555 Lake Forest Boulevard 5e&5h
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Furnished
Yes
Utilities to Site
Yes
Amenities
reception area
reception desk
conference room
copy area
coffee station
shared storage/electrical closet
Building Details
Year Built
1985
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Joan Harris · License #000036228
(504) 460-8978
Source:
Dominionplace
Added: Aug 8
Changed: Oct 14
Last Checked: Oct 7 at 1:49PM
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 KELLER WILLIAMS REALTY 455-0100
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office condominium unit was built in 1985 and configured with three private offices, a reception area, conference room, copy area, and coffee station. The premises also include access to a shared storage and electrical closet. Partial furnishings convey, including office desks and chairs, reception seating, a conference table, chairs, and a television.
Water service is covered through the association, while electricity is paid by the occupant with a $200 monthly allowance and monthly billing for overages. WiFi is not included. The arrangement is structured as a modified gross lease, with a negotiable term and 10% annual escalations. Commercial general liability insurance of $1M naming the owner as an additional insured is required.
Water service is covered through the association, while electricity is paid by the occupant with a $200 monthly allowance and monthly billing for overages. WiFi is not included. The arrangement is structured as a modified gross lease, with a negotiable term and 10% annual escalations. Commercial general liability insurance of $1M naming the owner as an additional insured is required.
Key Highlights
- 1,200‑square‑foot office condominium unit
- Three private offices plus reception and conference areas
- Copy area, coffee station, and shared storage/electrical closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,688
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,760
$353.8K
Cap Rate 7%
$252,686
$252.7K
Cap Rate 9%
$196,533
$196.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$27.4K $22.80/SF
− Vacancy
−$3.8K −$3.15/SF
EGI
$23.6K $19.65/SF
− OpEx
−$5.9K −$4.91/SF
NOI
$17.7K $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%
$353,760
Cap Rate 7%
$252,686
Cap Rate 9%
$196,533
Alternative Uses
Best Use
Office B
$252.7K
$221.1K – $294.8K
NOI $17,688 @ 7.0% cap · market cap 1,474.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.0K
$266.9K – $355.8K
NOI $21,350 @ 7.0% cap · market cap 1,779.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 70127, LA
24,332
Population
10,719
Households
2.3
Avg Household Size
35
Median Age
25%
College-Educated
86%
High-School Grad
5.5 sq mi
ZIP Area
4,424
Density / Sq Mi
$41,548
Median Household Income
$30,817
Median Earnings
$1,060
Median Rent
$191,200
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office units - Office condominium suite with reception, conference, copy, and refreshment areas, plus partial furnishings for immediate business use.
Where is this office units located?
The property is located at 10555 Lake Forest Boulevard 5e&5h New Orleans, LA.
What are key features of this property?
This property features: 1,200‑square‑foot office condominium unit; Three private offices plus reception and conference areas; Copy area, coffee station, and shared storage/electrical closet
