Mixed-Use Building with Retail
For Sale
$1,800,000
1825 SOPHIE WRIGHT Place, New Orleans, LA 70130
Commercial Sale, New Orleans, LA
Property Size3,987 SF
Price / SF$451.47
Days on Market136
Property Features for 1825 SOPHIE WRIGHT Place
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
2
Directions
1 block lakeside of Magazine St, 3 blocks downtown side of Jackson Ave
Standard status
Active
APN
1825-SOPHIEWRIGHTPL
Size
3,987 SF
Taxes and HOA fees
Tax Description
SQ 141 LOT 8 SOPHIE WRIGHT 30/24X91/105 1825-27 SOPHIE
Legal Description
SQ 141 LOT 8 SOPHIE WRIGHT 30/24X91/105 1825-27 SOPHIE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Multi Units
Water source
Public
Amenities
covered terraces
private inside unit laundry
Building Details
Year built
2026
Floors in Building
3
Building materials
Block, Brick, HardiPlank Type
Roof type
Metal, Shingle
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Jun 10
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2562293
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-level mixed-use property combines a ground-floor commercial suite with one residence on each of the upper floors. The commercial area measures approximately 1,205 square feet and is presented as a white box, leaving its interior configuration open for customization. Each residence has two bedrooms, two full bathrooms, one half bathroom, in-unit laundry, and a covered terrace. One covered garage parking space accompanies each residence. The building has central heating and cooling, a sprinkler system, block, brick, and HardiPlank Type construction materials, and a shingle and metal roof.
At 1825 Sophie Wright Place in New Orleans, the property is half a block from Magazine Street, along the corridor leading to Coliseum Square Park. The Warehouse District, CBD, French Quarter, and St. Charles Avenue Streetcar Line are also identified as nearby destinations.
At 1825 Sophie Wright Place in New Orleans, the property is half a block from Magazine Street, along the corridor leading to Coliseum Square Park. The Warehouse District, CBD, French Quarter, and St. Charles Avenue Streetcar Line are also identified as nearby destinations.
Key Highlights
- 3,987‑square‑foot mixed‑use property with ground‑floor commercial space and two residences
- Approximately 1,205 square feet of ground‑level white‑box commercial area
- Each residence has 2 bedrooms, 2 full baths, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,825
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,500
$1.1M
Cap Rate 7%
$768,929
$768.9K
Cap Rate 9%
$598,056
$598.1K
Market Conditions
NOI Build-Up for 3,987 SF
Gross rent
$95.7K $24.00/SF
− Vacancy
−$9.6K −$2.40/SF
EGI
$86.1K $21.60/SF
− OpEx
−$32.3K −$8.10/SF
NOI
$53.8K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,500
Cap Rate 7%
$768,929
Cap Rate 9%
$598,056
Alternative Uses
Best Use
Mixed Use
$768.9K
$672.8K – $897.1K
NOI $53,825 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$721.2K
$631.1K – $841.4K
NOI $50,485 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.01M
$886.7K – $1.18M
NOI $70,935 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,342
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level commercial space is paired with two separate residences, each offering covered garage parking.
Where is this mixed-use property located?
The property is located at 1825 SOPHIE WRIGHT Place New Orleans, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 3,987‑square‑foot mixed‑use property with ground‑floor commercial space and two residences; Approximately 1,205 square feet of ground‑level white‑box commercial area; Each residence has 2 bedrooms, 2 full baths, and 1 half bath
