Mixed-Use Building with
213 S Broad Street New Orleans, LA 70119
213 S Broad Street, New Orleans, LA, 70119
$325,000
For Sale
$325,000
Fully rented two-unit building offering office or retail space plus a separate two-bedroom apartment.
Property Size2,000 SF
Price / SF$162.50
Days on Market255
Property Features for 213 S Broad Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
John Anthony Realty LLC
(504) 615-2333
Listed by
Ian Cockburn · License #995683580
(504) 615-2333
Source
Nolalivingrealty
Added: Nov 8, 2025 Updated: Jul 21 at 4:51AM Checked: Jul 21 at 4:51AM
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 John Anthony Realty LLC
Investment Insights
Based on property information with market context.
This fully rented two-unit mixed-use building has been delicately restored from the studs. The property is set up to function as one combined unit or as separate spaces, including a portion that can be used as office or retail and a separate two-bedroom apartment. Interior features include freshly repainted surfaces, hardwood floors, recessed lighting, and quality fans. The building is described as having a three-year-young roof and has been maintained through the foundation as part of the recent restoration.
The property is located on a busy Midcity thoroughfare, with access to the Canal Streetcar line approximately two blocks away. Trader Joe’s and the VA hospital are noted as about a five-minute walk.
Financial information, including maintenance for the past five years, is available to qualified buyers, and owner financing is available. The broker is part owner/agent of the selling entity.
The property is located on a busy Midcity thoroughfare, with access to the Canal Streetcar line approximately two blocks away. Trader Joe’s and the VA hospital are noted as about a five-minute walk.
Financial information, including maintenance for the past five years, is available to qualified buyers, and owner financing is available. The broker is part owner/agent of the selling entity.
Key Highlights
- Fully rented 2‑unit building with a 3‑year lease in place
- Year built 1930; restored from the studs with freshly repainted interiors
- Main space can be used as one unit or split: 1,400 SF for office or retail
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $24.00 |
| − Vacancy | −$8.4k | −$4.20 |
| EGI | $39.6k | $19.80 |
| − OpEx | −$9.9k | −$4.95 |
| NOI | $29.7k | $14.85 |
2,000 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$451.6K
$395.1K – $526.9K
NOI $31,611 @ 7.0% cap · market cap 9.73%
Second Best
Office B
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$523.3K
$457.9K – $610.6K
NOI $36,634 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rome Butler & Rome, ...
Law Firm
Brighter Days, Inc.
Gym & Fitness Center
JohannasBeautyBar
Hair Salon
Queen D Tax ...
Tax Preparation
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FAQs
What type of property is this?
Mixed-use property - Fully rented two-unit building offering office or retail space plus a separate two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 213 S Broad Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully rented 2‑unit building with a 3‑year lease in place; Year built 1930; restored from the studs with freshly repainted interiors; Main space can be used as one unit or split: 1,400 SF for office or retail
