Medical-Ready Office
2520 Napoleon Avenue New Orleans, LA 70115
2520 Napoleon Avenue, New Orleans, LA, 70115
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For Sale
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Office building with multiple private offices, conference rooms, and a dedicated reception area plus 12–14 on-site parking spaces.
Property Size2,700 SF
Price / SF$342.59
Days on Market80
Property Features for 2520 Napoleon Avenue
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Office
Listing agency
The McEnery Company
(504) 274-2701
Listed by
Parke McEnery · License #LA
Source
Crexi
Added: May 4 Updated: Jul 21 at 4:36AM Checked: Jul 21 at 4:36AM
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 The McEnery Company
Investment Insights
Based on property information with market context.
This office building is improved with multiple private offices, conference rooms, and a dedicated reception area. The mechanical, electrical, and plumbing systems have recently been improved, supporting an efficient path to a professional or medical buildout. The interior benefits from abundant natural light in a quieter professional setting.
The property is located on Napoleon Avenue within the Freret Street corridor in New Orleans, with immediate access to both Freret Street and Napoleon Ave. It is adjacent to the Ochsner Baptist Medical Campus, and shares a property line with a city-owned, free Freret St public parking lot.
Parking is provided by 12–14 existing spaces, with the ability to create additional parking. Ingress and egress are available from both Freret St. and Napoleon Ave.
The property is located on Napoleon Avenue within the Freret Street corridor in New Orleans, with immediate access to both Freret Street and Napoleon Ave. It is adjacent to the Ochsner Baptist Medical Campus, and shares a property line with a city-owned, free Freret St public parking lot.
Parking is provided by 12–14 existing spaces, with the ability to create additional parking. Ingress and egress are available from both Freret St. and Napoleon Ave.
Key Highlights
- Office building on Napoleon Avenue within the Freret Street corridor
- Improved interior with multiple private offices, conference rooms, and a dedicated reception area
- 12–14 existing on‑site parking spaces, with ability to create more
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 | $17.76 |
| − Vacancy | −$5.6k | −$2.08 |
| EGI | $42.3k | $15.68 |
| − OpEx | −$10.6k | −$3.92 |
| NOI | $31.7k | $11.76 |
2,700 SF · lease $17.76/SF/yr · vacancy 11.72% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.6K
$396.9K – $529.2K
NOI $31,749 @ 7.0% cap · market cap 3.43%
Second Best
Healthcare Medical
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$712.3K
$623.3K – $831.1K
NOI $49,864 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Zeus' Rescues
Animal Shelter
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FAQs
What type of property is this?
Office building - Office building with multiple private offices, conference rooms, and a dedicated reception area plus 12–14 on-site parking spaces.
Where is this office building located?
The property is located at 2520 Napoleon Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Office building on Napoleon Avenue within the Freret Street corridor; Improved interior with multiple private offices, conference rooms, and a dedicated reception area; 12–14 existing on‑site parking spaces, with ability to create more
