Office Suite with Conference
For Sale
Contact for pricing
10555 Lake Forest Boulevard #5E&5H, New Orleans, LA 70127
A multi-office layout includes reception, meeting, and copy areas, plus partial furnishings.
Property Size1,200 SF
Price / SF$1.00
Days on Market202
Property Features for 10555 Lake Forest Boulevard #5E&5H
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
C1
Site & Location
Neighborhood
Little Woods
Utilities to Site
Yes
Amenities
3 private offices
reception area
reception desk
conference room
copy area
coffee station
shared storage/electrical closet
Building Details
Building Size
1,200 SF
Year Built
1985
Stories
1
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Apr 8
Changed: Oct 23
Last Checked: Oct 23 at 5:31PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office suite in Deer Park Office Condominiums was built in 1985 and is zoned C1. Its layout includes three private offices, reception space, a conference room, a copy area, a coffee station, and access to shared storage and an electrical closet. Partial furnishings include a conference table, chairs, television, office desks and chairs, and reception seating.
Water is included through the association; the occupant is responsible for electricity. WiFi is not included. The property is at 10555 Lake Forest Boulevard, Suite 5E&5H, in New Orleans.
Water is included through the association; the occupant is responsible for electricity. WiFi is not included. The property is at 10555 Lake Forest Boulevard, Suite 5E&5H, in New Orleans.
Key Highlights
- 1,200‑square‑foot office suite
- Three private offices, reception area, conference room, copy area, and coffee station
- Partial furnishings include conference and office furniture, a television, and reception seating
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.
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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
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office unit - A multi-office layout includes reception, meeting, and copy areas, plus partial furnishings.
Where is this office unit 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 suite; Three private offices, reception area, conference room, copy area, and coffee station; Partial furnishings include conference and office furniture, a television, and reception seating
