Mixed-Use Retail
For Sale
Contact for pricing
235 Basin St, New Orleans, LA 70112
HU-MU zoning accommodates a range of neighborhood-oriented commercial uses.
Property Size2,640 SF
Price / SF$1.52
Days on Market99
Property Features for 235 Basin St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Retail
Zoning
HU-MU
Lease Type
NNN
Listing Agency:
Z Group, LLC
Listed By:
Zella May · License #995704404
(504) 494-4463
Source:
Lacdb.resimplifi
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 14 at 7:50PM
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 Z Group, LLC
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Investment Insights
Based on property information with market context.
This retail space is located at 235 Basin St. in New Orleans and carries HU-MU Neighborhood Mixed-Use District zoning. The property is positioned approximately one block from Canal Street and two blocks from the French Quarter, placing it within a walkable downtown-area setting. Its zoning designation supports a broad range of uses, while the retail classification provides a clear commercial positioning for prospective occupants.
Key Highlights
- HU‑MU Neighborhood Mixed‑Use District zoning
- Property address: 235 Basin St, New Orleans, LA 70112
- Approximately one block from Canal Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,599
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,980
$652.0K
Cap Rate 7%
$465,700
$465.7K
Cap Rate 9%
$362,211
$362.2K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$47.5K $18.00/SF
− Vacancy
−$950 −$0.36/SF
EGI
$46.6K $17.64/SF
− OpEx
−$14.0K −$5.29/SF
NOI
$32.6K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,980
Cap Rate 7%
$465,700
Cap Rate 9%
$362,211
Alternative Uses
Best Use
Retail
$465.7K
$407.5K – $543.3K
NOI $32,599 @ 7.0% cap · market cap 814.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.0K
$587.1K – $782.8K
NOI $46,970 @ 7.0% cap · market cap 1,174.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,709
Businesses Nearby
272k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 69%
Shops & Services 13%
Dining 9%
Apparel 4%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.3 miles
Chevron
Shops & Services
23,516 visits/mo
0.2 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.4 miles
Wyndham New Orleans - French Quarter
Hotels & Casinos
15,753 visits/mo
0.5 miles
Hampton Inn & Suites New Orleans Downtown
Hotels & Casinos
15,344 visits/mo
0.5 miles
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - HU-MU zoning accommodates a range of neighborhood-oriented commercial uses.
Where is this retail space located?
The property is located at 235 Basin St New Orleans, LA.
What are key features of this property?
This property features: HU‑MU Neighborhood Mixed‑Use District zoning; Property address: 235 Basin St, New Orleans, LA 70112; Approximately one block from Canal Street
