Three-Suite Live-Work
For Sale
$279,000
1722 N BROAD Street, New Orleans, LA 70119
Commercial, New Orleans, LA
Property Size1,290 SF
Price / SF$216.28
Days on Market9
Property Features for 1722 N BROAD Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
99
Size
1,290 SF
Taxes and HOA fees
Tax Description
aa per title
Legal Description
aa per title
Utilities
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Troy Lee · License #912124134
(504) 473-2771
Added: Sep 29
Last Checked: Oct 7 at 3:06AM
MLS# 2579436
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.
Built in 2019, this 1,290-square-foot live-work property contains three suites and is currently operating as a barbershop. The building has driveway parking and public water service, with zoning identified as “comm.”
At 1722 N Broad Street in New Orleans, the property fronts a commercial corridor that carries more than 10,000 vehicles per day.
At 1722 N Broad Street in New Orleans, the property fronts a commercial corridor that carries more than 10,000 vehicles per day.
Key Highlights
- Three suites within 1,290 square feet
- 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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - The building is currently used as a barbershop and includes driveway parking.
Where is this live-work space located?
The property is located at 1722 N BROAD Street 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 within 1,290 square feet; Currently operating as a barbershop; Built in 2019
