Historic Office Building
For Sale
Contact for pricing
318 318 320 & 324 Camp St, New Orleans, LA 70130
Three connected downtown buildings combine preserved architectural details with contemporary office improvements across a four-level configuration.
Property Size38,729 SF
Days on Market1132
Property Features for 318 318 320 & 324 Camp St
General Information
Standard status
Active
Size
38,729 SF
Elevators
Yes
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
glass atrium
conference rooms
lounge area with kitchen
pressed tin ceilings
skylights
Building Details
Year Built
1900
Buildings
3
Stories
4
Listing Agency:
Corporate Realty - Main Office
Listed By:
Donna Whalen · License #BROK.0000002378.A-ASA
(504) 581-5005
Source:
Lacdb.resimplifi
Added: Sep 11, 2023
Changed: Oct 15
Last Checked: Oct 16 at 5:55AM
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 Corporate Realty - Main Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property comprises three interconnected buildings totaling 38,729 SF, with each structure arranged across four floors. A completed renovation retains historic architectural elements while incorporating updated workplace improvements, including conference facilities, technology infrastructure, open lounge space, kitchen areas, contemporary offices, elevators, and abundant natural light. Building-specific features include a four-story glass atrium at 318 Camp St, brick construction and double show windows at 320 Camp St, and pressed tin ceilings, skylights, and a vintage elevator at 324 Camp St.
The assemblage extends across the width of a downtown New Orleans block, with Camp Street frontage and rear access from Picayune Place. It is located one and a half blocks from Poydras Street and two blocks from Canal Street and the French Quarter, with adjacent Class A offices, hotels, and restaurants. The property was originally constructed in the 1800s and has a 1900 year built designation.
The assemblage extends across the width of a downtown New Orleans block, with Camp Street frontage and rear access from Picayune Place. It is located one and a half blocks from Poydras Street and two blocks from Canal Street and the French Quarter, with adjacent Class A offices, hotels, and restaurants. The property was originally constructed in the 1800s and has a 1900 year built designation.
Key Highlights
- Three interconnected office buildings totaling 38,729 SF
- Four‑story configuration across all three buildings
- 318 Camp St includes a four‑story glass atrium and glass‑backed elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$570,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,417,460
$11.4M
Cap Rate 7%
$8,155,329
$8.2M
Cap Rate 9%
$6,343,033
$6.3M
Market Conditions
NOI Build-Up for 38,729 SF
Gross rent
$883.0K $22.80/SF
− Vacancy
−$121.9K −$3.15/SF
EGI
$761.2K $19.65/SF
− OpEx
−$190.3K −$4.91/SF
NOI
$570.9K $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 Rate 5%
$11,417,460
Cap Rate 7%
$8,155,329
Cap Rate 9%
$6,343,033
Alternative Uses
Best Use
Office B
$8.16M
$7.14M – $9.51M
NOI $570,873 @ 7.0% cap · market cap 57,087,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.84M
$8.61M – $11.48M
NOI $689,054 @ 7.0% cap · market cap 68,905,400.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10,455
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office building - Three connected downtown buildings combine preserved architectural details with contemporary office improvements across a four-level configuration.
Where is this office building located?
The property is located at 318 318 320 & 324 Camp St New Orleans, LA.
What are key features of this property?
This property features: Three interconnected office buildings totaling 38,729 SF; Four‑story configuration across all three buildings; 318 Camp St includes a four‑story glass atrium and glass‑backed elevator
