New Orleans Industrial
For Sale
$1,989,000
2610 Second St, New Orleans, LA 70113
Well-maintained industrial property in New Orleans' Historic Urban District.
Property Size24,953 SF
Lot Size0.72 Acres
Price / SF$79.71
Days on Market234
Property Features for 2610 Second St
General Information
Standard status
Active
Size
24,953 SF
Lot size
0.72 Acres
Property subtype
Industrial
Zoning
HU-MU
Listing Agency:
The McEnery Company Inc
Listed By:
Pat Browne · License #0099563766
(504) 250-3059
Source:
Lacdb.resimplifi
Added: Feb 27
Changed: Oct 16
Last Checked: Oct 19 at 3:27AM
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
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Investment Insights
Based on property information with market context.
This approximately 24,953 square foot light industrial property is located at 2610 2nd Street and 2605–09 3rd Street. Situated on approximately 0.72 acres in New Orleans’ Historic Urban Neighborhood Mixed-Use (HU-MU) District, the site features frontage along 2nd Street, 3rd Street, and South Robertson Street. The property consists of three interconnected warehouse buildings totaling nearly 25,000 square feet. Approximately 2,280 square feet of finished office space includes private offices, open work areas, a conference room, breakroom, storage, and multiple restrooms. The primary warehouse has clear heights of approximately ±12.5 feet and roll-up door access. A secure central concrete yard is accessible through a rolling gate on 3rd Street. Currently utilized for millwork operations, the property includes specialized ventilation and dust capture infrastructure. There is also approximately 7,000 square feet of mezzanine storage not included in the gross building area. This property offers functional utility for industrial users or investors and presents an opportunity for continued light industrial use or future mixed-use repositioning.
Key Highlights
- ±24,953 sq ft light industrial property on 0.72 acres in New Orleans' Historic Urban Neighborhood Mixed‑Use (HU‑MU) District.
- Extensive frontage on 2nd Street, 3rd Street, and South Robertson Street, offering excellent accessibility.
- Three interconnected warehouse buildings with approximately 2,280 sq ft of finished office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,300
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,646,000
$3.6M
Cap Rate 7%
$2,604,286
$2.6M
Cap Rate 9%
$2,025,556
$2.0M
Market Conditions
NOI Build-Up for 24,953 SF
Gross rent
$224.6K $9.00/SF
− Vacancy
−$10.1K −$0.41/SF
EGI
$214.5K $8.59/SF
− OpEx
−$32.2K −$1.29/SF
NOI
$182.3K $7.31/SF
Area
New Orleans, LA
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,646,000
Cap Rate 7%
$2,604,286
Cap Rate 9%
$2,025,556
Alternative Uses
Best Use
Office B
$5.25M
$4.60M – $6.13M
NOI $367,812 @ 7.0% cap · market cap 18.49%
Second Best
Warehouse
$2.60M
$2.28M – $3.04M
NOI $182,300 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$6.34M
$5.55M – $7.40M
NOI $443,956 @ 7.0% cap · market cap 22.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained industrial property in New Orleans' Historic Urban District.
Where is this warehouse located?
The property is located at 2610 Second St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,989,000.
What are key features of this property?
This property features: ±24,953 sq ft light industrial property on 0.72 acres in New Orleans' Historic Urban Neighborhood Mixed‑Use (HU‑MU) District.; Extensive frontage on 2nd Street, 3rd Street, and South Robertson Street, offering excellent accessibility.; Three interconnected warehouse buildings with approximately 2,280 sq ft of finished office space.
