Office Building with Gated
For Sale
$980,000
Pending
301 S Broad St, New Orleans, LA 70119
Three-level office property with upgraded building systems, upper-floor restrooms, and a full kitchen on the top floor.
Property Size5,943 SF
Days on Market466
Property Features for 301 S Broad St
General Information
Standard status
Pending
Size
5,943 SF
Total Parking Spaces
22
Elevators
Yes
Property subtype
Office
Zoning
HU-MU
Additional Details
Gross Income
$111,600
Amenities
Power
Water
Sewer
22 Parking Spaces
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Brittany Picolo · License #995687117
(504) 300-5179
Source:
Lacdb.resimplifi
Added: Jul 8, 2025
Changed: Oct 3
Last Checked: Oct 14 at 7:52PM
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 Keller Williams Realty New Orleans
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Investment Insights
Based on property information with market context.
This three-level office building contains 5,943 square feet and is configured for separate floor occupancy. Interior features include Burmese Ironwood flooring, restrooms on the upper floors, and a full kitchen on the third level. A new roof and modern elevator were added following Hurricane Ida and Hurricane Katrina. The property also includes a detached structure with a roll-up door, providing additional enclosed space.
Located at the intersection of Broad and Canal in New Orleans, the property offers access to nearby restaurants, coffee shops, and major businesses. A private gated area provides 22 off-street parking spaces, supporting daily operations for occupants and visitors. The property is zoned HU-MU.
Located at the intersection of Broad and Canal in New Orleans, the property offers access to nearby restaurants, coffee shops, and major businesses. A private gated area provides 22 off-street parking spaces, supporting daily operations for occupants and visitors. The property is zoned HU-MU.
Key Highlights
- 5,943‑square‑foot office building arranged across three levels
- Private gated parking area with 22 off‑street spaces
- New roof and modern elevator added after Hurricane Ida and Hurricane Katrina
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,254
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,080
$1.8M
Cap Rate 7%
$1,260,771
$1.3M
Cap Rate 9%
$980,600
$980.6K
Market Conditions
NOI Build-Up for 5,943 SF
Gross rent
$142.6K $24.00/SF
− Vacancy
−$25.0K −$4.20/SF
EGI
$117.7K $19.80/SF
− OpEx
−$29.4K −$4.95/SF
NOI
$88.3K $14.85/SF
Area
ZIP 70119
Vacancy
17.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,080
Cap Rate 7%
$1,260,771
Cap Rate 9%
$980,600
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,254 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,857 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,069
Businesses Nearby
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
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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
Frequently Asked Questions
What type of property is this?
Office building - Three-level office property with upgraded building systems, upper-floor restrooms, and a full kitchen on the top floor.
Where is this office building located?
The property is located at 301 S Broad St New Orleans, LA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 5,943‑square‑foot office building arranged across three levels; Private gated parking area with 22 off‑street spaces; New roof and modern elevator added after Hurricane Ida and Hurricane Katrina
