Historic French Quarter Development
211 Decatur St, New Orleans, LA 70130
Four-story, 10,287 SF historic building in the Vieux Carré Entertainment District.
Type:Office
Property size:
10,287 SFPrice / SF:
$252/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 5 at 10:44 pm
Property Features for 211 Decatur St
General Information
- Standard status
- Active
- Size
- 10,287 SF
- Property subtype
- Office
Building Details
- Year Built
- 1850
Listing agent Reed Wiley, CCIM License #LA #BROK.995704349-ASA (504) 569-9300
Listing office (504) 569-9300
Listing date Nov 21, 2025
Source Naiglobal
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 Reed Wiley, CCIM
HighLights
- Prime location at the gateway of the French Quarter, next to the House of Blues.
- Significant ±10,287 SF building with historic significance and timeless architectural character.
- Zoned VCE‑1 (Vieux Carré Entertainment District) allowing for diverse development potential.
- Historic tax‑credit‑eligible property.
- Includes an elevator shaft and first‑floor rear ingress/egress.
- Built in 1850.
Overview
Located at the gateway of the French Quarter, next to the House of Blues, this four-story building offers a development opportunity. The property has approximately 10,287 square feet of improvements and is eligible for historic tax credits. It includes an elevator shaft and first-floor rear ingress/egress, situated on a parcel of approximately 2,910 square feet. The site is zoned VCE-1 (Vieux Carré Entertainment District), allowing for a multitude of uses.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.68M
NOI $151,632 @ 9.00% cap · cautious / downside scenario
Moderate
$2.17M
NOI $151,632 @ 7.00% cap · market / base-case scenario
Aggressive
$3.03M
NOI $151,632 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.5k | $22.80 |
| − Vacancy | −$32.4k | −$3.15 |
| EGI | $202.2k | $19.65 |
| − OpEx | −$50.5k | −$4.91 |
| NOI | $151.6k | $14.74 |
10,287 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,632 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $183,023 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Zydeco Blues
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0663
- Latitude
- 29.9532
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Four-story, 10,287 SF historic building in the Vieux Carré Entertainment District.
Where is this office building located?
The property is located at 211 Decatur St New Orleans, LA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Prime location at the gateway of the French Quarter, next to the House of Blues.; Significant ±10,287 SF building with historic significance and timeless architectural character.; Zoned VCE‑1 (Vieux Carré Entertainment District) allowing for diverse development potential.
