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 Market945
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
(504) 616-0990
Listed By:
George Jeansonne · License #995687377
(504) 616-0990
Source:
Compass
Added: Jan 29, 2024
Changed: Aug 30
Last Checked: Aug 30 at 5:15PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,455
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
