Corner Warehouse with Grade
For Sale
Contact for pricing
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 Market12
Property Features for 3101 Tchoupitoulas Street
General Information
Standard status
Active
Size
6,270 SF
Property subtype
Retail, Industrial
Zoning
MU-1
Building Details
Stories
1
Tenancy
Single
Listing Agency:
NAI Rampart
(504) 301-3826
Listed By:
Reed Wiley, CCIM · License #LA BROK.995704349-ASA
Source:
Crexi
Added: Aug 1
Changed: Aug 12
Last Checked: Aug 12 at 10:46AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,094,240
$1.1M
Cap Rate 7%
$781,600
$781.6K
Cap Rate 9%
$607,911
$607.9K
Market Conditions
NOI Build-Up for 6,270 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.8K $12.72/SF
− Vacancy
−$1.6K −$0.25/SF
EGI
$78.2K $12.47/SF
− OpEx
−$23.4K −$3.74/SF
NOI
$54.7K $8.73/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,094,240
Cap Rate 7%
$781,600
Cap Rate 9%
$607,911
Alternative Uses
Best Use
Retail
$781.6K
$683.9K – $911.9K
NOI $54,712 @ 7.0% cap · market cap 4.29%
Second Best
Warehouse
$651.0K
$569.6K – $759.5K
NOI $45,567 @ 7.0% cap · market cap 3.57%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 3900 Tchoupitoulas St, New Orleans, LA 70115
- Riverfront Self Storage — 441 Nuns St, New Orleans, LA 70130
- Records Management & Protection Inc — Tchoupitoulas St, New Orleans, LA 70115
- TTS CO INC. — 1805 4th St, Harvey, LA 70058
- BWC Terminals — 1805 4th St, Harvey, LA 70058
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
