Dock-High Warehouse
For Sale
$995,000
1020 Erato St, New Orleans, LA 70130
Fenced industrial property with artist storage and workspace, upgraded electrical capacity, and separate exterior storage.
Property Size4,916 SF
Lot Size0.24 Acres
Price / SF$202.40
Days on Market635
Property Features for 1020 Erato St
General Information
Standard status
Active
Size
4,916 SF
Lot size
0.24 Acres
Property subtype
Retail
Zoning
HU-MU
Warehouse & Industrial
Power
600 amps
Conditioned Warehouse
No
Additional Details
Fenced Yard
Yes
Amenities
Power
Building Details
Buildings
2
Listing Agency:
Talbot Realty Group
(504) 525-9763
Listed By:
Robert Talbot · License #000006978
(504) 525-9763
Source:
Lacdb.resimplifi
Added: Dec 4, 2024
Changed: Aug 31
Last Checked: Aug 31 at 12:42PM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This 4,916 SF warehouse building includes a dock-high loading area, artist storage and workspace, two bathrooms, and a separate outside storage building with an additional bathroom. The building is not climate-controlled and is secured within a fenced 10,418 SF lot. A TPO roof was installed in 2022, while electrical infrastructure includes 600 amp service and three electric meters.
The property is located at 1020 Erato St in New Orleans and carries HU-MU zoning. Neighboring businesses include French Truck Coffee, Barrel Proof, Merchant House, and St. Pizza.
The property is located at 1020 Erato St in New Orleans and carries HU-MU zoning. Neighboring businesses include French Truck Coffee, Barrel Proof, Merchant House, and St. Pizza.
Key Highlights
- 4,916 SF dock‑high warehouse building
- 10,418 SF fenced lot
- 600 amp electrical service with 3 electric meters
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
$46,608
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
4.68%
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%
$932,160
$932.2K
Cap Rate 7%
$665,829
$665.8K
Cap Rate 9%
$517,867
$517.9K
Market Conditions
NOI Build-Up for 4,916 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
$76.7K $15.60/SF
− Vacancy
−$5.0K −$1.01/SF
EGI
$71.7K $14.59/SF
− OpEx
−$25.1K −$5.11/SF
NOI
$46.6K $9.48/SF
Area
New Orleans, LA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$932,160
Cap Rate 7%
$665,829
Cap Rate 9%
$517,867
Alternative Uses
Best Use
Flex RnD
$665.8K
$582.6K – $776.8K
NOI $46,608 @ 7.0% cap · market cap 4.68%
Second Best
Warehouse
$513.1K
$448.9K – $598.6K
NOI $35,915 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,464 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial property with artist storage and workspace, upgraded electrical capacity, and separate exterior storage.
Where is this warehouse located?
The property is located at 1020 Erato St New Orleans, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,916 SF dock‑high warehouse building; 10,418 SF fenced lot; 600 amp electrical service with 3 electric meters
