Two-Story Mixed-Use
For Sale
$1,050,000
2529 Dauphine St, New Orleans, LA 70117
Historic commercial space with three renovated apartments above.
Property Size5,289 SF
Price / SF$198.53
Days on Market571
Property Features for 2529 Dauphine St
General Information
Standard status
Active
Size
5,289 SF
Property subtype
Retail
Zoning
HMC-1
Building Details
Buildings
1
Stories
2
Listing Agency:
The McEnery Company Inc
(504) 250-3059
Listed By:
Pat Browne · License #0099563766
(504) 250-3059
Source:
Lacdb.resimplifi
Added: Feb 4, 2025
Changed: Aug 28
Last Checked: Aug 29 at 6:03AM
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.
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 = 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
$74,638
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
7.11%
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%
$1,492,760
$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
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
$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 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%
$1,492,760
Cap Rate 7%
$1,066,257
Cap Rate 9%
$829,311
Alternative Uses
Best Use
Specialty Retail
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 7.11%
Second Best
Mixed Use
$1.02M
$892.5K – $1.19M
NOI $71,402 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,100 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
