Corner Warehouse with Grade
For Sale
$1,275,000
3101 Tchoupitoulas Street, New Orleans, LA 70115
MU-1 zoning supports mixed-use commercial and residential configurations along an established urban corridor.
Property Size6,270 SF
Price / SF$203.35
Days on Market76
Property Features for 3101 Tchoupitoulas Street
General Information
Standard status
Active
Size
6,270 SF
Property subtype
Retail
Zoning
MU-1
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Daniel Marse · License ##0995691909
(504) 812-2388
Source:
Lacdb.resimplifi
Added: Jul 24
Changed: Sep 9
Last Checked: Oct 7 at 8:35AM
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 NAI Rampart Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
This warehouse property occupies a hard corner at Tchoupitoulas Street and Eighth Street in New Orleans. The approximately 15,000 SF parcel includes warehouse improvements with two grade-level overhead doors measuring 14' × 14'. Interior clearance reaches approximately 15.5' and slopes to approximately 13' beneath the I-beams. Two exhaust fans and an HVLS overhead fan are also installed.
The site is zoned MU-1, or Medium Intensity Mixed-Use District, which accommodates a combination of residential and commercial uses, including vertical mixed-use and single-purpose buildings. Additional land on the parcel may support future development or supplemental parking. The property is currently occupied by an operating tenant, and showings require listing-agent coordination with a minimum of 48 hours' notice. Sale is offered in “as is, where is” condition.
The site is zoned MU-1, or Medium Intensity Mixed-Use District, which accommodates a combination of residential and commercial uses, including vertical mixed-use and single-purpose buildings. Additional land on the parcel may support future development or supplemental parking. The property is currently occupied by an operating tenant, and showings require listing-agent coordination with a minimum of 48 hours' notice. Sale is offered in “as is, where is” condition.
Key Highlights
- Approximately 15,000 SF parcel at the hard corner of Tchoupitoulas Street and Eighth Street
- Two grade‑level overhead doors measuring 14' × 14'
- Clear height of approximately 15.5', sloping to approximately 13' beneath the I‑beams
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,567
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,340
$911.3K
Cap Rate 7%
$650,957
$651.0K
Cap Rate 9%
$506,300
$506.3K
Market Conditions
NOI Build-Up for 6,270 SF
Gross rent
$56.4K $9.00/SF
− Vacancy
−$2.8K −$0.45/SF
EGI
$53.6K $8.55/SF
− OpEx
−$8.0K −$1.28/SF
NOI
$45.6K $7.27/SF
Area
ZIP 70115
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,340
Cap Rate 7%
$650,957
Cap Rate 9%
$506,300
Alternative Uses
Best Use
Warehouse
$651.0K
$569.6K – $759.5K
NOI $45,567 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,794 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Balanced
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
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - MU-1 zoning supports mixed-use commercial and residential configurations along an established urban corridor.
Where is this warehouse located?
The property is located at 3101 Tchoupitoulas Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Approximately 15,000 SF parcel at the hard corner of Tchoupitoulas Street and Eighth Street; Two grade‑level overhead doors measuring 14' × 14'; Clear height of approximately 15.5', sloping to approximately 13' beneath the I‑beams
