Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2028 Magazine St New Orleans, LA 70130

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr

    2,200 SF historic storefront in the Lower Garden District.

    We can help!

    Listing Contact
    Eugene Schmitt
    Source: Urbanproperties

    Listing Agent: Eugene Schmitt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Storefront in Lower Garden

    The property at 2028 Magazine Street features a historic storefront in the Lower Garden District. This 2,200 SF space was originally a bakery and features 11-foot high pressed tin ceilings. Notable nearby locations include Free People, Sunday Shop, Stein's Market and Deli, Aiden and Gill, and Juan's Flying Burrito. The property is available for rent at a rate of $35.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maison de Violette Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Harkins the Florist Inc, Ambrose Garden Florists, Kim Starr Wise Floral Events, pick-a-petal floral design, Pamela Dennis Flowers

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0751872
    Latitude
    29.9304994

    Nearby Similar for Lease

    • New
      $1,500 /Mo
      672 SF

      Furnished Co-working Space in Bywater

      Renovated co-working space in historic Bywater building for rent.
      3726 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • New
      $1,500 /Mo
      593 SF

      Furnished Office Space in Bywater

      Renovated office space in historic Bywater building for lease.
      3726 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $4,000 /Mo
      1,200 SF

      Unique Corner Retail Space Available

      Corner retail space in the heart of New Orleans.
      2128 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $3,200 /Mo
      1,014 SF

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street with high visibility.
      2138 Magazine St, New Orleans, LA 70130
      View Details
    • $3,900 /Mo
      1,014 SF

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street with high visibility.
      2138 Magazine St, New Orleans, LA 70130
      View Details
    • New
      $3,000 /Mo
      1,066 SF

      Prime Retail/Office Space, New Orleans

      Prime commercial space in iconic New Orleans location.
      2330 Royal St, New Orleans, LA 70117
      View Details
    • New
      $2,500 /Mo
      1,700 SF

      River Bend Commercial Space

      Versatile space in Uptown New Orleans near streetcar line.
      724 Dublin St, New Orleans, LA 70118
      View Details
    • $4,000 /Mo
      1,250 SF

      Historic Corner Building in New Orleans

      Restored commercial space in prime Lower Garden District location.
      1900 Magazine St, New Orleans, LA 70130
      View Details
    • $2,500 /Mo
      3,850 SF

      Equipped Restaurant Space, New Orleans

      Restaurant space for lease, available May 1, 2026.
      8009 Downman Rd, New Orleans, LA 70125
      View Details
    • $2,500 /Mo
      1,500 SF

      Furnished Office/Co-working Space Available

      Furnished co-working and conference space in renovated historic building.
      3726 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $2,000 /Mo
      2,500 SF

      Equipped Kitchen Space For Lease

      Ready-to-use kitchen for catering, take-out, delivery, or food production.
      8009 Downman Rd, New Orleans, LA 70126
      View Details
    • $4,500 /Mo
      2,266 SF

      Furnished Building in Algiers Point

      Spacious, furnished building with multipurpose room and conference rooms.
      627 Opelousas Ave, New Orleans, LA 70114
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2,200 SF historic storefront in the Lower Garden District.
    Where is this storefront property located?
    The property is located at 2028 Magazine St New Orleans, LA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Historic storefront in the Lower Garden District.; - 2,200 SF space.; - Originally a bakery.
    (240) 813-5905
    Request Owner's contact information
    2028 Magazine St New Orleans, LA 70130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2028 Magazine St
    New Orleans, LA 70130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2028 Magazine St New Orleans, LA 70130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eugene Schmitt
    (240) 813-5905 (504) 264-6145
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!