Mixed-Use Building Near Trader
For Sale
$600,000
2512 Tulane Ave, New Orleans, LA 70119
MU-2 zoning accommodates office, retail, and multifamily occupancy within one commercial property.
Property Size4,576 SF
Price / SF$131.12
Days on Market65
Property Features for 2512 Tulane Ave
General Information
Standard status
Active
Size
4,576 SF
Property subtype
Office
Zoning
MU-2
Listing Agency:
Property One Inc Mandeville
Listed By:
Michael D'Amico
(985) 807-4120
Source:
Lacdb.resimplifi
Added: Aug 13
Changed: Oct 13
Last Checked: Oct 16 at 5:50AM
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 Property One Inc Mandeville
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Investment Insights
Based on property information with market context.
Located at 2512 Tulane Ave, this 4,576-square-foot mixed-use building combines office and retail space with multifamily units on the second floor. The property is occupied by office, retail, and multifamily tenants, creating a varied income-producing configuration within a single asset.
The building sits across from a new Trader Joe’s facility on Tulane Avenue and near the Department of Veterans Affairs medical center. University Medical Center is also located down the street. MU-2 High Intensity Mixed-Use District zoning applies to the property, and the reported capitalization rate is approximately 8.82 percent.
The building sits across from a new Trader Joe’s facility on Tulane Avenue and near the Department of Veterans Affairs medical center. University Medical Center is also located down the street. MU-2 High Intensity Mixed-Use District zoning applies to the property, and the reported capitalization rate is approximately 8.82 percent.
Key Highlights
- 4,576‑square‑foot mixed‑use building at 2512 Tulane Ave
- Office, retail, and multifamily tenants in one property
- Multifamily units occupy the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,259
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,180
$1.1M
Cap Rate 7%
$760,843
$760.8K
Cap Rate 9%
$591,767
$591.8K
Market Conditions
NOI Build-Up for 4,576 SF
Gross rent
$106.5K $23.28/SF
− Vacancy
−$9.7K −$2.12/SF
EGI
$96.8K $21.16/SF
− OpEx
−$43.6K −$9.52/SF
NOI
$53.3K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,180
Cap Rate 7%
$760,843
Cap Rate 9%
$591,767
Alternative Uses
Best Use
Retail
$1.03M
$904.1K – $1.21M
NOI $72,326 @ 7.0% cap · market cap 12.05%
Second Best
Office B
$970.8K
$849.4K – $1.13M
NOI $67,954 @ 7.0% cap · market cap 11.33%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,818 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-2 zoning accommodates office, retail, and multifamily occupancy within one commercial property.
Where is this mixed-use property located?
The property is located at 2512 Tulane Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,576‑square‑foot mixed‑use building at 2512 Tulane Ave; Office, retail, and multifamily tenants in one property; Multifamily units occupy the second floor
