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    Flex Warehouse with Office Showroom Title is generated by Realmo AI

    1857 Agriculture St, New Orleans, LA 70119

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    New
    For Sale
    $900,000

    Versatile multi-building property with office and showroom space plus industrial areas and parking for expansion potential.

    Type:Industrial
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:12 am

    Property Features for 1857 Agriculture St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Adrien Foley
    Adrien Foley

    Listing agent Adrien Foley License #955716500

    Listing office Elifin Realty

    Listing date Jun 2, 2026

    Source Elifinrealty

    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 Elifin Realty

    HighLights

    • 1857 Agriculture St is a multi‑building commercial property with approximately 7,950 SF total.
    • Includes office, showroom, and industrial space across the buildings.
    • Large parking lot on‑site, with room for possible expansion or additional development.
    • Frontage on Agriculture St and Florida Ave.
    • Zoned MU‑1.

    Overview

    Now available for sale, 1857 Agriculture St is a versatile commercial property made up of multiple buildings totaling approximately 7,950 SF. The configuration includes spaces for office and showroom use alongside industrial areas, providing flexibility for a range of business operations under one ownership.

    The property offers a large parking lot that may support added capacity, expansion, or additional development in the future. It also benefits from frontage along Agriculture St and Florida Ave, helping define convenient public access for customers, staff, and deliveries.

    Zoned MU-1, this facility may be a practical fit for owners and tenants seeking a combination of front-of-house presentation and functional back-of-house space. The mix of office, showroom, and industrial components can support businesses that need customer-facing space while maintaining operational space for light industrial use, all with on-site parking capacity for day-to-day activity.
    Location Intelligence

    Current Use by Public Records

    Earn Dat Body Gym & Fitness Center Reju Juice Specialty Food Shop We Want Coach ... Gym & Fitness Center Sophrosyne Aesthetics Alternative Medicine Practice Fitwitbritt llc Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • GentillyFoodMarket BigChiefEatz — 1629 Gentilly Blvd, New Orleans, LA 70119
    • Espe's ... Catering To You — 1743 N Broad St, New Orleans, LA 70119
    • The Fat Falafel — 3141 Ponce De Leon St, New Orleans, LA 70119
    • Original Thought NOLA — 1857 AGRICULTURE ST Enter thru Visitors’ Parking Lot facing, Florida Ave, New Orleans, LA 70119

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0661164
    Latitude
    29.987445

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    FAQs

    What type of property is this?
    Flex space - Versatile multi-building property with office and showroom space plus industrial areas and parking for expansion potential.
    Where is this flex space located?
    The property is located at 1857 Agriculture St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 1857 Agriculture St is a multi‑building commercial property with approximately 7,950 SF total.; Includes office, showroom, and industrial space across the buildings.; Large parking lot on‑site, with room for possible expansion or additional development.
    (504) 352-3783
    We can help!
    Listing Contact
    Adrien Foley
    Adrien Foley
    Real Estate License ID: 955716500
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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