Commercial Building on South
1230 S Broad St, New Orleans, LA 70125
For Sale
$2,085,000
9,487 SF commercial building on 21,120 SF lot.
Property Size9,487 SF
Lot Size0.48 Acres
Price / SF$219.77
Days on Market256
Property Features for 1230 S Broad St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
The McEnery Company Inc
Listed By:
Pat Browne · License LA #0099563766
(504) 250-3059
Source:
Lacdb.resimplifi
Added: Mar 3
Changed: Oct 25
Last Checked: Nov 12 at 4:22AM
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 The McEnery Company Inc
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Investment Insights
Based on property information with market context.
Located on South Broad Street, this commercial development presents an opportunity along one of New Orleans’ established commercial corridors. The one-story building, totaling approximately 9,487 square feet, is situated on a 21,120 square foot lot with frontage on South Broad Street. Zoned C-1 (General Commercial District), the site supports various retail and commercial uses and benefits from visibility and accessibility in a high-traffic location. Formerly a warehouse, the property has been transformed into a commercial building with office space, plus additional storage space. The yard space allows for ample parking and room for further expansion.
Key Highlights
- Prime location on South Broad Street, a well‑established commercial corridor in New Orleans.
- Large 21,120 sq ft lot with significant frontage on South Broad Street.
- Versatile C‑1 zoning allows for a wide variety of retail and commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,840
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,796,800
$2.8M
Cap Rate 7%
$1,997,714
$2.0M
Cap Rate 9%
$1,553,778
$1.6M
Market Conditions
NOI Build-Up for 9,487 SF
Gross rent
$216.3K $22.80/SF
− Vacancy
−$29.8K −$3.15/SF
EGI
$186.5K $19.65/SF
− OpEx
−$46.6K −$4.91/SF
NOI
$139.8K $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%
$2,796,800
Cap Rate 7%
$1,997,714
Cap Rate 9%
$1,553,778
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,840 @ 7.0% cap · market cap 6.71%
Second Best
Mixed Use
$1.83M
$1.60M – $2.13M
NOI $128,075 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,790 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - 9,487 SF commercial building on 21,120 SF lot.
Where is this mixed-use property located?
The property is located at 1230 S Broad St New Orleans, LA.
What is the asking price?
The asking price for this property is $2,085,000.
What are key features of this property?
This property features: Prime location on South Broad Street, a well‑established commercial corridor in New Orleans.; Large 21,120 sq ft lot with significant frontage on South Broad Street.; Versatile C‑1 zoning allows for a wide variety of retail and commercial uses.
