Building Details

Building Size 2,290 SF

Properties For Sale

at 2806 Saint Louis St

2806 St Louis St

Size 1,937 SF

Term Negotiable

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Listing Agency: Elifin Realty

Listed By: Noah Loveland · License #995711824 Show Phone

Source: Elifinrealty

Added: Jun 2 Changed: Oct 12 Last Checked: Oct 19 at 5:44AM

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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 Elifin Realty

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Investment Insights

Based on property information with market context.

This flex space offers an entire 1,937 SF first-floor layout with a conditioned warehouse component. Updates include new flooring, with LED lighting throughout. The space also includes a kitchen area, supporting flexible operations for a variety of light-industrial and workspace uses.

2806 Saint Louis St is located in the Mid-City / Central City submarket of New Orleans, positioned on Lafitte Greenway in Mid-City.

Key Highlights

• Entire 1,937 SF first‑floor flex space
• Conditioned warehouse component
• New flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,762

Suggested Prices Based on Cap Rates

Cap Rate 5%

$255,240 $255.2K

Cap Rate 7%

$182,314 $182.3K

Cap Rate 9%

$141,800 $141.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,937 SF

Gross rent

$19.3K $9.96/SF

− Vacancy

−$1.1K −$0.55/SF

EGI

$18.2K $9.41/SF

− OpEx

−$5.5K −$2.82/SF

NOI

$12.8K $6.59/SF

Area

ZIP 70119

Vacancy

5.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$255,240

Cap Rate 7%

$182,314

Cap Rate 9%

$141,800

Alternative Uses

Best Use

Warehouse

$222.6K

$194.7K – $259.7K (±1% cap)

NOI $15,579 @ 7.0% cap · market cap 124,632.00%

Second Best

Flex RnD

$202.9K

$177.5K – $236.7K (±1% cap)

NOI $14,202 @ 7.0% cap · market cap 113,616.00%

Theoretical Best

Office A

$506.9K

$443.5K – $591.3K (±1% cap)

NOI $35,480 @ 7.0% cap · market cap 283,840.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Locksmith Butcher Carpet & Flooring Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,253

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70119, LA

38,048

Population

21,595

Households

1.8

Avg Household Size

37

Median Age

47%

College-Educated

89%

High-School Grad

4.5 sq mi

ZIP Area

8,455

Density / Sq Mi

$50,854

Median Household Income

$44,278

Median Earnings

$1,298

Median Rent

$359,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - First-floor flex space with conditioned warehouse features, LED lighting, and a kitchen area.

Where is this flex space located?

The property is located at 2806 Saint Louis St New Orleans, LA.

What are key features of this property?

This property features: Entire 1,937 SF first‑floor flex space; Conditioned warehouse component; New flooring