Building Details

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Listing Agency: The McEnery Company Inc

Listed By: Pat Browne · License #0099563766 Show Phone

Source: Lacdb.resimplifi

Added: Feb 4, 2025 Changed: Oct 8 Last Checked: Oct 12 at 4:46PM

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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 The McEnery Company Inc

Investment Insights

Based on property information with market context.

This two-story mixed-use property contains 5,289 SF, with 2,845 square feet of commercial area at ground level and 2,444 square feet on the second floor. The lower level has supported bar and restaurant operations, while the upper floor contains three renovated apartment units. The building retains historic architectural character and is zoned HMC-1.

Located at 2529 Dauphine St in New Orleans’ Faubourg Marigny neighborhood, the property is near the French Quarter and surrounded by restaurants, bars, and entertainment venues. Its corner setting and pedestrian-oriented surroundings provide a commercial context suited to the existing mixed-use configuration.

Key Highlights

• 5,289 SF two‑story mixed‑use building at 2529 Dauphine St
• 2,845 square feet of ground‑floor commercial space
• 2,444 square foot second floor with three renovated apartment units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,638

Cap Rate

7.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,492,760 $1.5M

Cap Rate 7%

$1,066,257 $1.1M

Cap Rate 9%

$829,311 $829.3K

Market Conditions

NOI Build-Up for 5,289 SF

Gross rent

$101.5K $19.20/SF

− Vacancy

−$2.0K −$0.38/SF

EGI

$99.5K $18.82/SF

− OpEx

−$24.9K −$4.70/SF

NOI

$74.6K $14.11/SF

Area

New Orleans, LA

Vacancy

2.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,492,760

Cap Rate 7%

$1,066,257

Cap Rate 9%

$829,311

Alternative Uses

Best Use

Specialty Retail

$1.07M

$933.0K – $1.24M (±1% cap)

NOI $74,638 @ 7.0% cap · market cap 7.11%

Second Best

Mixed Use

$1.02M

$892.5K – $1.19M (±1% cap)

NOI $71,402 @ 7.0% cap · market cap 6.80%

Theoretical Best

Office A

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,100 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Breakaway's Restaurant & Bar Restaurant

Suggested Use

Top Pick Dental Office Law Firm Kitchen & Bath Showroom Bakery HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,196

Businesses Nearby

Explore this area Business Placement

Demographics for 70117, LA

28,528

Population

15,821

Households

1.8

Avg Household Size

38

Median Age

35%

College-Educated

89%

High-School Grad

5.5 sq mi

ZIP Area

5,187

Density / Sq Mi

$41,645

Median Household Income

$31,744

Median Earnings

$1,191

Median Rent

$247,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Historic commercial space with three renovated apartments above.

Where is this mixed-use property located?

The property is located at 2529 Dauphine St New Orleans, LA.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 5,289 SF two‑story mixed‑use building at 2529 Dauphine St; 2,845 square feet of ground‑floor commercial space; 2,444 square foot second floor with three renovated apartment units