Two-Story Strip Retail
For Sale
$850,000
1418 N CLAIBORNE Avenue, New Orleans, LA 70116
COMMERCIAL - New Orleans, LA
Property Size4,850 SF
Price / SF$175.26
Days on Market182
Property Features for 1418 N CLAIBORNE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HMC-2
Parking features
Driveway, Off Street
Lot features
Regular
Subdivision
Treme/Lafitte
Standard status
Active
APN
37W106509
Size
4,850 SF
Taxes and HOA fees
Tax Description
Lots 11 and 12, Sq 629, Third District, Orleans Parish
Legal Description
Lots 11 and 12, Sq 629, Third District, Orleans Parish
Utilities
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Beverly Rambo · License #15702
(504) 908-5037
Added: Jan 29
Changed: Jul 9
Last Checked: Jul 30 at 1:06PM
MLS# 2533625
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story strip retail building offers three retail bays on the first floor and three retail bays on the second floor. The exterior has been well maintained, and the property features an established tenant base, with some tenants having operated in the building for many years.
The location is described as a high-traffic area, and there is significant parking across the street. The building is located on the left-hand side of Discount Zone and does not include Discount Zone.
With six total retail bays across two levels, the property provides multiple storefront configurations within a single, cohesive strip building footprint.
The location is described as a high-traffic area, and there is significant parking across the street. The building is located on the left-hand side of Discount Zone and does not include Discount Zone.
With six total retail bays across two levels, the property provides multiple storefront configurations within a single, cohesive strip building footprint.
Key Highlights
- High traffic area suitable for various businesses
- Ample parking available directly across the street
- Well‑maintained exterior
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.3k | $18.00 |
| − Vacancy | −$1.7k | −$0.36 |
| EGI | $85.6k | $17.64 |
| − OpEx | −$25.7k | −$5.29 |
| NOI | $59.9k | $12.35 |
4,850 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$855.5K
$748.6K – $998.1K
NOI $59,888 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,290 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two-story strip with three retail bays per floor, offering well-maintained exterior in a high-traffic area.
Where is this strip mall located?
The property is located at 1418 N CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High traffic area suitable for various businesses; Ample parking available directly across the street; Well‑maintained exterior
