Mixed-Use Retail and
For Sale
$1,575,000
1300 ARABELLA Street, New Orleans, LA 70115
Mixed-use property with ground-floor retail and two second-floor apartments, including one unit leased on a month-to-month basis.
Property Size7,117 SF
Price / SF$221.30
Days on Market328
Property Features for 1300 ARABELLA Street
General Information
Standard status
Active
Size
7,117 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
2
Amenities
3
HU-RD2
Corner Lot.
2 Carports.
50x120
Oversized Lot, Corner.
Building Details
Year Built
1880
Stories
2
Tenancy
Multi
Listing Agency:
Ben & Burka
(504) 301-1002
Listed By:
Aaron Kazanoff · License #0995700882
(512) 799-3069
Source:
Xome
Added: Oct 14, 2025
Changed: Sep 1
Last Checked: Sep 5 at 5:16AM
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 Ben & Burka
Investment Insights
Based on property information with market context.
1300 Arabella Street is a mixed-use property featuring a ground-floor retail storefront and two apartments on the second floor. The approximately 4,500-square-foot ground-floor space is currently occupied by a longstanding retail operation that has been legally non-conforming; the space is expected to be available within about 90 days. The second floor totals approximately 2,575 square feet and includes two 2BR/1BA apartments in good condition, with one unit leased on a month-to-month basis and the other available for immediate occupancy or repositioning.
The property is positioned on the hard corner of Prytania and Arabella Streets and is directly adjacent to the new Robert’s Fresh Market. It is located in the heart of the Golden Rectangle area and is also described as being just blocks from Prytania Street, St. Charles Avenue, and Magazine Street retail and dining.
Because the ground-floor retail operation is supported by legal non-conforming status, the continued retail use is part of the property’s current configuration. The buyer should verify all zoning regulations and permitted uses.
The property is positioned on the hard corner of Prytania and Arabella Streets and is directly adjacent to the new Robert’s Fresh Market. It is located in the heart of the Golden Rectangle area and is also described as being just blocks from Prytania Street, St. Charles Avenue, and Magazine Street retail and dining.
Because the ground-floor retail operation is supported by legal non-conforming status, the continued retail use is part of the property’s current configuration. The buyer should verify all zoning regulations and permitted uses.
Key Highlights
- Mixed‑use building with ±4,500 SF ground‑floor retail plus ±2,575 SF of second‑floor apartment space
- Two second‑floor apartments: both 2BR/1BA; one unit is leased on a month‑to‑month basis and the other is vacant
- Ground‑floor retail operation is legally non‑conforming and will be available within ±90 days
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
$62,102
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
3.94%
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%
$1,242,040
$1.2M
Cap Rate 7%
$887,171
$887.2K
Cap Rate 9%
$690,022
$690.0K
Market Conditions
NOI Build-Up for 7,117 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
$90.5K $12.72/SF
− Vacancy
−$1.8K −$0.25/SF
EGI
$88.7K $12.47/SF
− OpEx
−$26.6K −$3.74/SF
NOI
$62.1K $8.73/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
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%
$1,242,040
Cap Rate 7%
$887,171
Cap Rate 9%
$690,022
Alternative Uses
Best Use
Retail
$887.2K
$776.3K – $1.04M
NOI $62,102 @ 7.0% cap · market cap 3.94%
Second Best
Multifamily LT 5
$873.9K
$764.7K – $1.02M
NOI $61,172 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,437 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use property with ground-floor retail and two second-floor apartments, including one unit leased on a month-to-month basis.
Where is this storefront property located?
The property is located at 1300 ARABELLA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Mixed‑use building with ±4,500 SF ground‑floor retail plus ±2,575 SF of second‑floor apartment space; Two second‑floor apartments: both 2BR/1BA; one unit is leased on a month‑to‑month basis and the other is vacant; Ground‑floor retail operation is legally non‑conforming and will be available within ±90 days
