Flex Space With Office And
For Sale
$925,000
316 S Bernadotte St, New Orleans, LA 70119
Mixed commercial layout combines finished offices, warehouse access, storage areas, and multiple half baths.
Property Size8,650 SF
Price / SF$106.94
Days on Market76
Property Features for 316 S Bernadotte St
General Information
Standard status
Active
Size
8,650 SF
Building Details
Year Built
1950
Listing Agency:
Southeast Commercial of MS, LLC
Listed By:
Matthew Eaton · License #000072493
(504) 339-2136
Source:
Dominionplace
Added: Jul 30
Changed: Oct 6
Last Checked: Oct 7 at 4:55PM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
This flex property at 316 S Bernadotte St combines 1,239 square feet of finished office area with warehouse space. The office component includes a reception area, private office, bullpen, kitchenette, half bath, and several storage rooms and closets. The warehouse portion adds two overhead doors and two half baths, supporting practical separation between administrative and operational functions. The building was constructed in 1950 and sits on an 11,983-square-foot lot.
Access is supported by the property's position near I-10, City Park Avenue, and Canal Street, providing connections to multiple parts of New Orleans. The configuration offers a combination of office functionality, storage, and overhead-door warehouse access within one commercial property.
Access is supported by the property's position near I-10, City Park Avenue, and Canal Street, providing connections to multiple parts of New Orleans. The configuration offers a combination of office functionality, storage, and overhead-door warehouse access within one commercial property.
Key Highlights
- 1,239 square feet of finished office space
- Two overhead doors serving the warehouse area
- Office layout includes reception, private office, bullpen, kitchenette, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,569
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,380
$1.4M
Cap Rate 7%
$993,843
$993.8K
Cap Rate 9%
$772,989
$773.0K
Market Conditions
NOI Build-Up for 8,650 SF
Gross rent
$86.2K $9.96/SF
− Vacancy
−$4.3K −$0.50/SF
EGI
$81.8K $9.46/SF
− OpEx
−$12.3K −$1.42/SF
NOI
$69.6K $8.04/SF
Area
ZIP 70119
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,380
Cap Rate 7%
$993,843
Cap Rate 9%
$772,989
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,453 @ 7.0% cap · market cap 13.89%
Second Best
Warehouse
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,440 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mayas Food Connection — 4301 Tulane Ave, New Orleans, LA 70119
- The High Horse Mobile Bar — 3828 Bienville St, New Orleans, LA 70119
- Sodexo — 4621 Canal St, New Orleans, LA 70119
Frequently Asked Questions
What type of property is this?
Flex space - Mixed commercial layout combines finished offices, warehouse access, storage areas, and multiple half baths.
Where is this flex space located?
The property is located at 316 S Bernadotte St New Orleans, LA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 1,239 square feet of finished office space; Two overhead doors serving the warehouse area; Office layout includes reception, private office, bullpen, kitchenette, and storage
