Street-Level Retail Space with
New
For Sale
$659,000
1b-625 Saint Charles Ave, New Orleans, LA 70130
A garage space, building services, and a restroom complement this compact commercial suite.
Property Size1,878 SF
Price / SF$350.91
Days on Market7
Property Features for 1b-625 Saint Charles Ave
General Information
Standard status
Active
Size
1,878 SF
Total Parking Spaces
1
Site & Location
Neighborhood
Central Business District
Road Access
Yes
Additional Details
Floor
Ground
Amenities
24-hour on-site security
building service
Listing Agency:
Crescent Commercial Real Estate, LLC
(985) 345-6802
Listed By:
Kyle Tallo
(985) 348-4084
Source:
Exprealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 25 at 2:51AM
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 Crescent Commercial Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-level retail space contains 1,878 square feet, with a mezzanine and restroom. The property also includes one deeded garage parking space and a 2.03% condominium ownership interest. Building services include 24-hour on-site security; the monthly condominium fee covers water, sewer, trash, and standard insurance. Previous special assessments have been paid, with none outstanding reported.
The suite is on St. Charles Avenue in downtown New Orleans, across from Lafayette Square and along the St. Charles streetcar line. Nearby businesses, hotels, and residences, along with year-round square events and festivals, contribute to activity in the surrounding area. It is one of two street-level commercial spaces flanking the building’s main entrance.
The suite is on St. Charles Avenue in downtown New Orleans, across from Lafayette Square and along the St. Charles streetcar line. Nearby businesses, hotels, and residences, along with year-round square events and festivals, contribute to activity in the surrounding area. It is one of two street-level commercial spaces flanking the building’s main entrance.
Key Highlights
- 1,878 square feet with a mezzanine and restroom
- One deeded parking space in the garage
- 2.03% condominium ownership interest
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,502
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,040
$530.0K
Cap Rate 7%
$378,600
$378.6K
Cap Rate 9%
$294,467
$294.5K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$36.1K $19.20/SF
− Vacancy
−$721 −$0.38/SF
EGI
$35.3K $18.82/SF
− OpEx
−$8.8K −$4.70/SF
NOI
$26.5K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,040
Cap Rate 7%
$378,600
Cap Rate 9%
$294,467
Alternative Uses
Best Use
Specialty Retail
$378.6K
$331.3K – $441.7K
NOI $26,502 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$331.3K
$289.9K – $386.5K
NOI $23,190 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,352
Businesses Nearby
478k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 61%
Groceries 19%
Dining 10%
Shops & Services 7%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.1 miles
Rouses Market
Groceries
49,050 visits/mo
0.5 miles
Rouses Market
Groceries
35,073 visits/mo
0.5 miles
Chevron
Shops & Services
23,516 visits/mo
0.4 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - A garage space, building services, and a restroom complement this compact commercial suite.
Where is this retail space located?
The property is located at 1b-625 Saint Charles Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 1,878 square feet with a mezzanine and restroom; One deeded parking space in the garage; 2.03% condominium ownership interest
