Historic Office Units with
For Sale
$1,450,000
1305 DUBLIN Street, New Orleans, LA 70118
Multi-Family, New Orleans, LA
Property Size4,939 SF
Lot Size0.16 Acres
Price / SF$293.58
Days on Market54
Property Features for 1305 DUBLIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered, Carport
Exterior features
Fence
Fencing
Fenced
Lot features
Corner, Regular
Standard status
Active
APN
716202308
Size
4,939 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
SQ 164 LOT PT F-G DUBLIN 60 X 119 6
Legal Description
SQ 164 LOT PT F-G DUBLIN 60 X 119 6
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
courtyard
kitchenette
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Slate
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Louis Williams · License #000073679
(985) 727-7000
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 22 at 1:06AM
MLS# 2564860
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Historic office units located at 1305 Dublin Street offer a flexible layout for professional uses. Built in 1930, the property features an interior designed for client traffic and day-to-day operations, with a first-floor reception area, multiple private offices, conference or meeting rooms, open workspaces, and a kitchenette. The second level provides additional executive offices, large multipurpose rooms, updated bathrooms, and refinished hardwood floors.
The outdoor space includes a fenced courtyard shaded by mature trees, creating an inviting entrance. Multiple entrances support efficient building access. The building is equipped with central heating and central air, and is served by public water. A slate roof is complemented by exterior fencing.
Parking features covered parking and a carport to support tenant and visitor arrival.
The outdoor space includes a fenced courtyard shaded by mature trees, creating an inviting entrance. Multiple entrances support efficient building access. The building is equipped with central heating and central air, and is served by public water. A slate roof is complemented by exterior fencing.
Parking features covered parking and a carport to support tenant and visitor arrival.
Key Highlights
- 0.1639‑acre lot with 4,939 SF office units
- Built in 1930 with a slate roof
- First‑floor reception, private offices, meeting rooms, open workspaces, and kitchenette
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
Healthcare Medical
$1.03M
$899.7K – $1.20M
NOI $71,975 @ 7.0% cap · market cap 4.96%
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 units - Historic office units with a fenced courtyard, central HVAC, and covered parking plus carport.
Where is this office units located?
The property is located at 1305 DUBLIN Street 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: 0.1639‑acre lot with 4,939 SF office units; Built in 1930 with a slate roof; First‑floor reception, private offices, meeting rooms, open workspaces, and kitchenette
