Clear-Span Industrial
For Sale
$695,000
1949 Lafayette St, New Orleans, LA 70113
Heavy industrial zoning, multiple loading doors, and access from more than one side support warehouse operations.
Property Size8,400 SF
Lot Size0.20 Acres
Price / SF$82.74
Days on Market283
Property Features for 1949 Lafayette St
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.20 Acres
Property subtype
Industrial
Zoning
HI
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Office Build-Out
1,400 SF
Three-Phase Power
Yes
Additional Details
Asking Price
$695,000
Building Details
Buildings
1
Building Size
8,400 SF
Listing Agency:
Max J Derbes Inc
(504) 733-2299
Listed By:
Keith Henry
(504) 733-2299
Source:
Lacdb.resimplifi
Added: Nov 19, 2025
Changed: Aug 28
Last Checked: Aug 28 at 10:12AM
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 Max J Derbes Inc
Investment Insights
Based on property information with market context.
This approximately 8,400 SF warehouse includes about 1,400 SF of office space within a clear-span structure without interior posts. The building is semi-dock height and has truck loading through two front doors and three additional doors along Bertrand Street. Three-phase electrical service and natural gas are available, and the property has undergone recent repairs and upgrades.
The facility is positioned near the Superdome and CBD, with access to Poydras Street, Claiborne Avenue, the interstate system, and the CCC bridge. The site contains 8,869 SF of ground and is zoned H-I, a heavy industrial district with overlay zoning ordinances. Roof signage may be available for interstate exposure, and the building can be entered from multiple sides.
The facility is positioned near the Superdome and CBD, with access to Poydras Street, Claiborne Avenue, the interstate system, and the CCC bridge. The site contains 8,869 SF of ground and is zoned H-I, a heavy industrial district with overlay zoning ordinances. Roof signage may be available for interstate exposure, and the building can be entered from multiple sides.
Key Highlights
- Approximately 8,400 SF warehouse with about 1,400 SF of office area
- Clear‑span structure with no interior posts
- Semi‑dock height with 2 front loading doors and 3 on Bertrand Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,227,360
$1.2M
Cap Rate 7%
$876,686
$876.7K
Cap Rate 9%
$681,867
$681.9K
Market Conditions
NOI Build-Up for 8,400 SF
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.
Gross rent
$75.6K $9.00/SF
− Vacancy
−$3.4K −$0.41/SF
EGI
$72.2K $8.59/SF
− OpEx
−$10.8K −$1.29/SF
NOI
$61.4K $7.31/SF
Area
New Orleans, LA
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,227,360
Cap Rate 7%
$876,686
Cap Rate 9%
$681,867
Alternative Uses
Best Use
Warehouse
$876.7K
$767.1K – $1.02M
NOI $61,368 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,450 @ 7.0% cap · market cap 21.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,164
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Heavy industrial zoning, multiple loading doors, and access from more than one side support warehouse operations.
Where is this warehouse located?
The property is located at 1949 Lafayette St New Orleans, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately 8,400 SF warehouse with about 1,400 SF of office area; Clear‑span structure with no interior posts; Semi‑dock height with 2 front loading doors and 3 on Bertrand Street
