Medical-Ready Office
For Sale
$925,000
2520 Napoleon Ave, New Orleans, LA 70115
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 Market172
Property Features for 2520 Napoleon Ave
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
14
Property subtype
Office
Zoning
HU-MU
Additional Details
Road Access
Yes
Listing Agency:
The McEnery Company Inc
Listed By:
S. McEnery
(504) 236-9542
Source:
Lacdb.resimplifi
Added: May 4
Changed: Oct 7
Last Checked: Oct 20 at 5:19PM
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 Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,749
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,980
$635.0K
Cap Rate 7%
$453,557
$453.6K
Cap Rate 9%
$352,767
$352.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.0K $17.76/SF
− Vacancy
−$5.6K −$2.08/SF
EGI
$42.3K $15.68/SF
− OpEx
−$10.6K −$3.92/SF
NOI
$31.7K $11.76/SF
Area
ZIP 70115
Vacancy
11.72%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,980
Cap Rate 7%
$453,557
Cap Rate 9%
$352,767
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
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 Ave 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
