Renovated Office Building in New
For Sale
$1,550,000
1240 Camp Street, New Orleans, LA 70130
8,655 SF office building in the Lower Garden District.
Property Size8,655 SF
Price / SF$179.09
Days on Market128
Property Features for 1240 Camp Street
General Information
Standard status
Active
Size
8,655 SF
Property subtype
Office
Listing Agency:
CBRE | New Orleans
(504) 427-2090
Listed By:
Bryce French
(504) 427-2090
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 30 at 3:17AM
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 CBRE | New Orleans
Investment Insights
Based on property information with market context.
The property at 1240 Camp St is an approximately 8,655 square foot office building with an attached parking garage. It is located in the Lower Garden District of New Orleans, three blocks from the Central Business District, at the corner of Camp Street and Thalia Street. The building has frontage on both Thalia St and Camp Street, providing excellent visibility. Camp Street is a two-way thoroughfare featuring well-marked, lighted crosswalks, a dedicated bike lane, and landscaped grounds. The building has been renovated beyond market standards, offering finishes and amenities. The surrounding area features traditional New Orleans residential architecture. There is an existing tenant in place through 2026.
Key Highlights
- Unparalleled finishes and amenities due to renovations exceeding market standards.
- Prime location in the Lower Garden District, only 3 blocks from the Central Business District.
- Existing tenant in place through 2026.
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 | $197.3k | $22.80 |
| − Vacancy | −$27.2k | −$3.15 |
| EGI | $170.1k | $19.65 |
| − OpEx | −$42.5k | −$4.91 |
| NOI | $127.6k | $14.74 |
8,655 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.13M
NOI $127,576 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,987 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,609
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
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Frequently Asked Questions
What type of property is this?
Office building - 8,655 SF office building in the Lower Garden District.
Where is this office building located?
The property is located at 1240 Camp Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Unparalleled finishes and amenities due to renovations exceeding market standards.; Prime location in the Lower Garden District, only 3 blocks from the Central Business District.; Existing tenant in place through 2026.
