305 CHARTRES Street, New Orleans, LA 70130
Three-story mixed-use building with freight elevator in the French Quarter.
- Added:
- Feb 26, 2025
- Days on Market:
- 496
- Last Refresh:
- Apr 6 at 4:01 am
Property Features for 305 CHARTRES Street
General Information
- Standard status
- Active
- Size
- 7,120 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1703
Listing office RE/MAX Select (985) 707-5170
Listing date Feb 26, 2025
Source Exitrealty
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 RE/MAX Select
HighLights
- Prime French Quarter location
- Three‑story building
- Freight elevator for ease of access
- Slate roof
- Attic space with potential for conversion to living quarters
- Built in 1703
Overview
Local 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 | $162.3k | $22.80 |
| − Vacancy | −$22.4k | −$3.15 |
| EGI | $139.9k | $19.65 |
| − OpEx | −$35.0k | −$4.91 |
| NOI | $105.0k | $14.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0667
- Latitude
- 29.9545
