Renovated Medical Office
2633 Napoleon Avenue, New Orleans, LA 70115
For Sale
Contact for pricing
Renovated floor lobbies and on-site management support outpatient medical services.
Property Size4,727 SF
Price / SF$0.52
Days on Market234
Property Features for 2633 Napoleon Avenue
General Information
Standard status
Size
Class
Total Parking Spaces
Elevators
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Condition
Property Use
Amenities
onsite management
Building Details
Building Size
Year Built
Listing Agency:
Southeast Commercial of MS, LLC
(228) 276-2700
Listed By:
Matthew Shield Eaton · License #000072493
(504) 339-2136
Source:
Cypresskeyrealty
Added: Mar 19
Changed: Nov 6
Last Checked: Nov 7 at 1:02PM
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 Southeast Commercial of MS, LLC
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Investment Insights
Based on property information with market context.
This 4,727-square-foot medical office space is in the Napoleon Medical Building, an outpatient medical facility. Floor lobbies and interior areas have been renovated, and elevator improvements are underway. The property also has on-site management.
Across Napoleon Avenue from Ochsner Baptist, the building offers 129 surface parking spaces and 79 covered spaces. South Claiborne Avenue (US-90) provides access across the city.
Across Napoleon Avenue from Ochsner Baptist, the building offers 129 surface parking spaces and 79 covered spaces. South Claiborne Avenue (US-90) provides access across the city.
Key Highlights
- 4,727 square feet of medical office space
- 129 surface parking spaces and 79 covered spaces
- Across Napoleon Avenue from Ochsner Baptist
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,920
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,400
$958.4K
Cap Rate 7%
$684,571
$684.6K
Cap Rate 9%
$532,444
$532.4K
Market Conditions
NOI Build-Up for 4,727 SF
Gross rent
$90.8K $19.20/SF
− Vacancy
−$10.9K −$2.30/SF
EGI
$79.9K $16.90/SF
− OpEx
−$31.9K −$6.76/SF
NOI
$47.9K $10.14/SF
Area
ZIP 70115
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,400
Cap Rate 7%
$684,571
Cap Rate 9%
$532,444
Alternative Uses
Best Use
Office B
$794.1K
$694.8K – $926.4K
NOI $55,584 @ 7.0% cap · market cap 2,245.82%
Second Best
Healthcare Medical
$684.6K
$599.0K – $798.7K
NOI $47,920 @ 7.0% cap · market cap 1,936.16%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,298 @ 7.0% cap · market cap 3,527.19%
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
1,672
Businesses Nearby
Under-served
Demand for This Use
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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
$616,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in New Orleans, LA
Properties on Market for Medical Office Space in New Orleans
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated floor lobbies and on-site management support outpatient medical services.
Where is this medical office space located?
The property is located at 2633 Napoleon Avenue New Orleans, LA.
What are key features of this property?
This property features: 4,727 square feet of medical office space; 129 surface parking spaces and 79 covered spaces; Across Napoleon Avenue from Ochsner Baptist
