Four-Story Mixed-Use
For Sale
$1,395,000
127 Camp Street, New Orleans, LA 70130
Historic brick commercial property with office interiors and a residential rental unit under CBD-2 zoning.
Property Size6,424 SF
Price / SF$217.15
Days on Market1223
Property Features for 127 Camp Street
General Information
Standard status
Active
Size
6,424 SF
Elevators
Yes
Property subtype
COMMERCIAL FOR SALE/LEASE / Commercial
Zoning
CBD-2
Amenities
historic cornices
street balcony
4
1
Handicap Designed, Living Space Available
Brick
Building Details
Year Built
1923
Buildings
1
Stories
4
Construction
brick
Listing Agency:
FQR Realtors
Listed By:
BKFS STAFF
(504) 949-5400
Source:
Compass
Added: Jun 12, 2023
Changed: Oct 13
Last Checked: Oct 15 at 1:53AM
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 FQR Realtors
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Investment Insights
Based on property information with market context.
This 6,424-square-foot mixed-use building dates to 1923 and presents a four-level configuration with a brick exterior, historic cornices, and a street-facing balcony. The interior retains its original office arrangement, while the top floor has been adapted into a residential unit used for short-term or corporate rentals. The property was renovated in the 1980s, with a 2021 elevator and a 2019 roof.
Located at 127 Camp Street in New Orleans’ Central Business District, the building is near Canal Street and St. Charles Avenue. Additional nearby destinations identified for the property include Caesars Casino, The Sazerac House, and the Louisiana Super Dome. CBD-2 zoning and the combination of office and residential space support its mixed-use profile.
Located at 127 Camp Street in New Orleans’ Central Business District, the building is near Canal Street and St. Charles Avenue. Additional nearby destinations identified for the property include Caesars Casino, The Sazerac House, and the Louisiana Super Dome. CBD-2 zoning and the combination of office and residential space support its mixed-use profile.
Key Highlights
- 6,424‑square‑foot mixed‑use building on 127 Camp Street
- Four‑story building with brick facade, historic cornices, and street balcony
- Original office layout retained on the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,691
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,820
$1.9M
Cap Rate 7%
$1,352,729
$1.4M
Cap Rate 9%
$1,052,122
$1.1M
Market Conditions
NOI Build-Up for 6,424 SF
Gross rent
$146.5K $22.80/SF
− Vacancy
−$20.2K −$3.15/SF
EGI
$126.3K $19.65/SF
− OpEx
−$31.6K −$4.91/SF
NOI
$94.7K $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%
$1,893,820
Cap Rate 7%
$1,352,729
Cap Rate 9%
$1,052,122
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,691 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$1.24M
$1.08M – $1.45M
NOI $86,724 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,294 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
10,455
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic brick commercial property with office interiors and a residential rental unit under CBD-2 zoning.
Where is this mixed-use property located?
The property is located at 127 Camp Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 6,424‑square‑foot mixed‑use building on 127 Camp Street; Four‑story building with brick facade, historic cornices, and street balcony; Original office layout retained on the interior
