Historic Office
For Sale
$1,450,000
1305 Dublin St, New Orleans, LA 70118
Two-level professional office property with private rooms, meeting areas, and a landscaped courtyard.
Property Size4,939 SF
Price / SF$293.58
Days on Market54
Property Features for 1305 Dublin St
General Information
Standard status
Active
Size
4,939 SF
Property subtype
Residential Income
Amenities
reception area
private offices
conference or meeting rooms
open workspaces
kitchenette
brick flooring
oversized windows
custom millwork
multipurpose rooms
updated bathrooms
hardwood floors
fenced courtyard
Listing Agency:
Keller Williams Realty Services
(985) 237-0712
Listed By:
Louis Williams · License #000073679
(985) 237-0712
Source:
Exprealty
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 21 at 1:03PM
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 Keller Williams Realty Services
Investment Insights
Based on property information with market context.
This 4,939-square-foot office property combines historic character with updates suited to contemporary business operations. The two-level interior includes a reception area, private offices, conference and meeting rooms, open work areas, a kitchenette, executive offices, multipurpose rooms, and updated bathrooms. Brick flooring, oversized windows, custom millwork, refinished hardwood floors, and abundant natural light add architectural distinction throughout the building.
Located in Uptown New Orleans, the property includes a fenced courtyard shaded by mature trees and multiple entrances. Its adaptable configuration can accommodate private offices, collaborative work areas, training rooms, and client-facing meeting space. The source information identifies potential professional applications including legal, medical or wellness, accounting, architecture and design, consulting, creative, coworking, nonprofit, and boutique office uses, subject to zoning and permitted use.
Located in Uptown New Orleans, the property includes a fenced courtyard shaded by mature trees and multiple entrances. Its adaptable configuration can accommodate private offices, collaborative work areas, training rooms, and client-facing meeting space. The source information identifies potential professional applications including legal, medical or wellness, accounting, architecture and design, consulting, creative, coworking, nonprofit, and boutique office uses, subject to zoning and permitted use.
Key Highlights
- 4,939‑square‑foot office property in Uptown New Orleans
- Two‑level layout with private offices, meeting rooms, open work areas, and multipurpose rooms
- First‑floor reception area, kitchenette, conference rooms, and client‑facing workspace
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
$72,802
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
5.02%
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%
$1,456,040
$1.5M
Cap Rate 7%
$1,040,029
$1.0M
Cap Rate 9%
$808,911
$808.9K
Market Conditions
NOI Build-Up for 4,939 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
$112.6K $22.80/SF
− Vacancy
−$15.5K −$3.15/SF
EGI
$97.1K $19.65/SF
− OpEx
−$24.3K −$4.91/SF
NOI
$72.8K $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%
$1,456,040
Cap Rate 7%
$1,040,029
Cap Rate 9%
$808,911
Alternative Uses
Best Use
Office B
$1.04M
$910.0K – $1.21M
NOI $72,802 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,873 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - Two-level professional office property with private rooms, meeting areas, and a landscaped courtyard.
Where is this office building located?
The property is located at 1305 Dublin St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,939‑square‑foot office property in Uptown New Orleans; Two‑level layout with private offices, meeting rooms, open work areas, and multipurpose rooms; First‑floor reception area, kitchenette, conference rooms, and client‑facing workspace
