Three-Suite Live-Work
New
For Sale
$279,000
1722 N Broad St, New Orleans, LA 70119
The building is currently operating as a barbershop along a commercial corridor with daily passing traffic.
Property Size1,290 SF
Price / SF$216.28
Days on Market7
Property Features for 1722 N Broad St
General Information
Standard status
Active
Size
1,290 SF
Additional Details
Traffic Count
10,000 vehicles/day
Building Details
Year Built
2019
Buildings
1
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Troy Lee · License #912124134
(504) 473-2771
Source:
Fiorellaavenue
Added: Oct 1
Last Checked: Oct 5 at 8:30PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
Built in 2019, this live-work property contains three suites and is currently used as a barbershop. Its configuration brings multiple spaces together in one building at 1722 N Broad St in New Orleans.
The property fronts a commercial corridor carrying more than 10,000 vehicles per day. The three-suite layout and existing barbershop operation are key features of the asset.
The property fronts a commercial corridor carrying more than 10,000 vehicles per day. The three-suite layout and existing barbershop operation are key features of the asset.
Key Highlights
- Three suites in a live‑work building
- Currently operating as a barbershop
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,389
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,780
$407.8K
Cap Rate 7%
$291,271
$291.3K
Cap Rate 9%
$226,544
$226.5K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$29.7K $23.04/SF
− Vacancy
−$594 −$0.46/SF
EGI
$29.1K $22.58/SF
− OpEx
−$8.7K −$6.77/SF
NOI
$20.4K $15.81/SF
Area
ZIP 70119
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,780
Cap Rate 7%
$291,271
Cap Rate 9%
$226,544
Alternative Uses
Best Use
Retail
$291.3K
$254.9K – $339.8K
NOI $20,389 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$273.7K
$239.5K – $319.3K
NOI $19,157 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$337.6K
$295.4K – $393.8K
NOI $23,629 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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
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Frequently Asked Questions
What type of property is this?
Live-work space - The building is currently operating as a barbershop along a commercial corridor with daily passing traffic.
Where is this live-work space located?
The property is located at 1722 N Broad St New Orleans, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Three suites in a live‑work building; Currently operating as a barbershop; Built in 2019
