124 S Clark St, New Orleans, LA 70119
1,872 sq ft office space in vibrant Mid-City.
- Added:
- Jul 2, 2024
- Days on Market:
- 722
- Last Refresh:
- May 12 at 11:39 pm
Property Features for 124 S Clark St
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.07 Acres
- Property subtype
- Office
Listing agent Matt Eaton License #LA 0000072493
Listing office Southeast Commercial Real Estate (504) 339-2136
Listing date Jul 2, 2024
Source Crexi
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HighLights
- Prime location in the vibrant Mid‑City area of New Orleans.
- Zoned HU‑MU, offering flexibility for various commercial applications.
- Opportunity for office use.
- Can be purchased individually or as part of a four‑building package.
- 1,872 sq ft single‑family home.
- Combines residential charm with commercial potential.
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 | $44.9k | $24.00 |
| − Vacancy | −$7.9k | −$4.20 |
| EGI | $37.1k | $19.80 |
| − OpEx | −$9.3k | −$4.95 |
| NOI | $27.8k | $14.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0954562
- Latitude
- 29.9701908
