Signalized-Corner Warehouse
For Sale
$594,486
1171 Annunciation St, New Orleans, LA 70130
HU-MU zoning permits retail, drive-through, bank, and mixed-use redevelopment options.
Property Size4,502 SF
Price / SF$132.05
Days on Market205
Property Features for 1171 Annunciation St
General Information
Standard status
Active
Size
4,502 SF
Property subtype
Industrial
Zoning
HU-MU
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial, mixed-use
Building Details
Construction
red iron steel frame
Listing Agency:
Corporate Realty - Main Office
Listed By:
Scott Graf · License #SALE.995686372-ACT
(504) 233-2108
Source:
Lacdb.resimplifi
Added: Mar 25
Changed: Oct 10
Last Checked: Oct 14 at 7:35PM
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 Corporate Realty - Main Office
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Investment Insights
Based on property information with market context.
This warehouse property at 1171 Annunciation St. occupies the signalized intersection of Annunciation Street and Calliope Street in New Orleans. The existing structure is a red iron steel frame building currently used for storage, with potential for adaptive reuse or ground-up redevelopment. Gas, water, and electricity are in place, and the property is in Flood Zone X with no environmental issues identified.
The site is adjacent to access for Highway 90 and I-10 and sits near the Warehouse/Arts District, Central Business District, Ernest N. Morial Convention Center, hotels, restaurants, museums, office towers, and nearby multi-unit residential communities. HU-MU zoning permits a range of uses, including retail, QSR or bank formats with drive-throughs, and mixed-use development. Ground lease and build-to-suit structures are available, while conceptual plans and renderings are included with the sale.
The site is adjacent to access for Highway 90 and I-10 and sits near the Warehouse/Arts District, Central Business District, Ernest N. Morial Convention Center, hotels, restaurants, museums, office towers, and nearby multi-unit residential communities. HU-MU zoning permits a range of uses, including retail, QSR or bank formats with drive-throughs, and mixed-use development. Ground lease and build-to-suit structures are available, while conceptual plans and renderings are included with the sale.
Key Highlights
- Signalized hard corner at 1171 Annunciation St. and Calliope Street
- HU‑MU zoning permits retail, drive‑through, bank, and mixed‑use uses
- Adjacent to entrance and exit access for Highway 90 and I‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,890
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,800
$657.8K
Cap Rate 7%
$469,857
$469.9K
Cap Rate 9%
$365,444
$365.4K
Market Conditions
NOI Build-Up for 4,502 SF
Gross rent
$40.5K $9.00/SF
− Vacancy
−$1.8K −$0.41/SF
EGI
$38.7K $8.59/SF
− OpEx
−$5.8K −$1.29/SF
NOI
$32.9K $7.31/SF
Area
New Orleans, LA
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,800
Cap Rate 7%
$469,857
Cap Rate 9%
$365,444
Alternative Uses
Best Use
Warehouse
$469.9K
$411.1K – $548.2K
NOI $32,890 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,098 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,119
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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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?
Warehouse - HU-MU zoning permits retail, drive-through, bank, and mixed-use redevelopment options.
Where is this warehouse located?
The property is located at 1171 Annunciation St New Orleans, LA.
What is the asking price?
The asking price for this property is $594,486.
What are key features of this property?
This property features: Signalized hard corner at 1171 Annunciation St. and Calliope Street; HU‑MU zoning permits retail, drive‑through, bank, and mixed‑use uses; Adjacent to entrance and exit access for Highway 90 and I‑10
