Two-Story Strip Retail
For Sale
$828,000
1418 N Claiborne Ave, New Orleans, LA 70116
Six retail bays offer a multi-suite configuration across two floors, with established tenancy in the building.
Property Size4,850 SF
Price / SF$170.72
Days on Market87
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Property Features for 1418 N Claiborne Ave
General Information
Standard status
Active
Size
4,850 SF
Building Details
Year Built
1970
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Homesmart Realty South
Listed By:
Beverly Rambo · License #15702
(504) 908-7653
Source:
Dominionplace
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 1:29PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This two-story strip retail property contains 4,850 square feet arranged as six retail bays, with three suites on each floor. Several tenants have occupied the building for many years, providing an established leasing profile. The exterior has been well maintained, and the property does not include the neighboring Discount Zone business.
Located at 1418 N Claiborne Ave in New Orleans, the building sits across the street from a large parking area. Its multi-suite layout supports separate retail occupancies within a compact two-level building.
Located at 1418 N Claiborne Ave in New Orleans, the building sits across the street from a large parking area. Its multi-suite layout supports separate retail occupancies within a compact two-level building.
Key Highlights
- 4,850 SF two‑story strip retail property
- Six retail bays total, with three on each floor
- Several tenants have occupied the building for many years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,888
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,760
$1.2M
Cap Rate 7%
$855,543
$855.5K
Cap Rate 9%
$665,422
$665.4K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$87.3K $18.00/SF
− Vacancy
−$1.7K −$0.36/SF
EGI
$85.6K $17.64/SF
− OpEx
−$25.7K −$5.29/SF
NOI
$59.9K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,760
Cap Rate 7%
$855,543
Cap Rate 9%
$665,422
Alternative Uses
Best Use
Retail
$855.5K
$748.6K – $998.1K
NOI $59,888 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,290 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Electronics 24%
Dollar General Market
Groceries
10,065 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,684 visits/mo
0.4 miles
Boost Mobile
Electronics
1,413 visits/mo
0.5 miles
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Strip mall - Six retail bays offer a multi-suite configuration across two floors, with established tenancy in the building.
Where is this strip mall located?
The property is located at 1418 N Claiborne Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $828,000.
What are key features of this property?
This property features: 4,850 SF two‑story strip retail property; Six retail bays total, with three on each floor; Several tenants have occupied the building for many years
