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    Magazine Street Retail Opportunity Title is generated by Realmo AI

    2801 Magazine St, New Orleans, LA 70115

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    Premier shopping center with flexible retail spaces for lease.

    Type:Retail, Office
    Property size:
    12,000 SF
    Added:
    Mar 24, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 25 at 8:21 pm

    Property Features for 2801 Magazine St

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 2801 Magazine St Contact us

    We can help!

    Listing Contact
    Aaron Kazanoff
    Aaron Kazanoff

    Listing agent Aaron Kazanoff License #LA 0995700882

    Listing office Ben + Burka Commercial Real Estate

    Listing date Mar 24, 2026

    Source Crexi

    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 Ben + Burka Commercial Real Estate

    HighLights

    • Premier shopping center location on Magazine Street in the Garden District/Irish Channel.
    • Anchored by nationally recognized tenants like Chipotle, Credit Human, and Insomnia Cookies.
    • Flexible retail spaces available, ranging from ±1,972 SF to ±12,000 SF.
    • 32 dedicated off‑street parking spaces.
    • Located amongst a dynamic mix of popular national, regional, and local businesses.
    • End‑cap opportunities, white box suites, and a fully built‑out veterinary space available.

    Overview

    This multi-tenant shopping center offers retail spaces for lease along Magazine Street in the Garden District / Irish Channel. Spaces range from approximately 1,972 square feet up to approximately 12,000 square feet, including end-cap opportunities, white box suites, and a built-out veterinary space. The property includes 32 dedicated off-street parking spaces. Anchored by tenants including Chipotle, Credit Human, and Insomnia Cookies, the center benefits from co-tenancy and suite configurations suitable for local and national retailers. A tenant improvement allowance may be available for qualified tenants. The property is surrounded by a mix of national, regional, and local businesses including The Ruby Slipper, Coquette, French Truck Coffee, West Elm, The Channel, and Stein’s Market & Deli. This location is positioned within Magazine Promenade.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Proven HVAC Repair ... HVAC Service Credit Human | Magazine ... Credit Union Helm Paint & Decorating Hardware & Home Improvement Bedding Plus Furniture & Home Goods Swoot Cycling Facility

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • FRAMEWORK — 1320 Magazine St, New Orleans, LA 70130
    • Shops of Magazine Street — 2800-3349 Magazine St, New Orleans, LA 70115

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0827074
    Latitude
    29.9262534

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    FAQs

    What type of property is this?
    Shopping center - Premier shopping center with flexible retail spaces for lease.
    Where is this shopping center located?
    The property is located at 2801 Magazine St New Orleans, LA.
    What are key features of this property?
    This property features: Premier shopping center location on Magazine Street in the Garden District/Irish Channel.; Anchored by nationally recognized tenants like Chipotle, Credit Human, and Insomnia Cookies.; Flexible retail spaces available, ranging from ±1,972 SF to ±12,000 SF.
    (504) 301-1002 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Kazanoff
    Aaron Kazanoff
    Real Estate License ID: LA 0995700882
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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