Downtown Office Space For
For Sale
$2,200,000
747 Magazine St. Unit 6, New Orleans, LA 70130
Prime downtown office space with on-site parking available.
Property Size4,898 SF
Price / SF$449.16
Days on Market251
Property Features for 747 Magazine St. Unit 6
General Information
Standard status
Active
Size
4,898 SF
Property subtype
Office
Listing Agency:
(504) 669-6935
Listed By:
Schaffer Mickal · License ##995702343
(504) 669-6935
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: May 9 at 1:00AM
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 Schaffer Mickal
Investment Insights
Based on property information with market context.
Located in New Orleans's Central Business District, this office space offers approximately 4,898 square feet. The space includes a large reception area, a conference room, a full kitchen, and executive offices. The property features old-time charm with exposed brick throughout. Designated on-site parking is available, with additional parking within walking distance.
Key Highlights
- Prime Downtown Office Space in New Orleans CBD
- ±4,898 SF of Space Available
- Features a Large Reception Area, Conference Room, Full Kitchen, and Executive Offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.7k | $22.80 |
| − Vacancy | −$15.4k | −$3.15 |
| EGI | $96.3k | $19.65 |
| − OpEx | −$24.1k | −$4.91 |
| NOI | $72.2k | $14.74 |
4,898 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$902.5K – $1.20M
NOI $72,197 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,144 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
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
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Prime downtown office space with on-site parking available.
Where is this office units located?
The property is located at 747 Magazine St. Unit 6 New Orleans, LA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime Downtown Office Space in New Orleans CBD; ±4,898 SF of Space Available; Features a Large Reception Area, Conference Room, Full Kitchen, and Executive Offices
