Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 S Dorgenois St New Orleans, LA 70119

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Spacious, redesigned building suitable for various uses in prime location.

    Property size:
    25,606 SF

    Property Features for 321 S Dorgenois St

    General Information

    Standard status
    Active
    Zoning
    CU
    Size
    25,606 SF

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Kyle Tallo
    Source: Crexi

    Listing Agency: Crescent Sotheby's International Realty Listing Agent: Kyle Tallo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mid City Adaptable Historic Property

    Located in Mid City New Orleans, this historically significant property offers 18,068 square feet of interior space on a 25,600 square foot lot. Originally constructed 65 years ago and completely redesigned in 2009, the masonry and concrete structure features 13 classrooms, three restrooms on the first floor, and two restrooms on the second floor. Currently operating as a school, the property is equipped with a sprinkler system and voice alert fire alarm system. The site includes three securely fenced yards, a paved recreational area, and 24 dedicated parking spaces. The building once served as the New Orleans Fire Department Union. The property is adaptable for various uses, including educational facilities, creative spaces, medical offices, multi-unit housing, or commercial redevelopment. It is located two blocks from the VA Medical Facility, with access to Interstate 10, Canal Street, and Downtown New Orleans. The property sits on four parcels: 321, 323, 325, and 329 S Dorgenois.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.084148
    Latitude
    29.966746

    Nearby Similar for Sale

    • New
      $510,000
      7,000 SF

      Versatile Commercial Building, New Orleans East

      7,000 sq ft commercial building with parking and flexible layout.
      6930 Martin Dr, New Orleans, LA 70126
      View Details
    • New
      $800,000
      3,850 SF

      Mixed-Use Commercial & Residential Property

      Versatile property with restaurant, bar, retail, and residential spaces.
      8009 Downman Rd, New Orleans, LA 70126
      View Details
    • $729,000
      2,169 SF

      Prime Uptown New Orleans Commercial Property

      Iconic corner location with HU B1 zoning and high visibility.
      4332 Magazine St, New Orleans, LA 70115
      View Details
    • $450,000
      2,700 SF

      Uptown Bar with Adjoining Lot

      Uptown bar with kitchen, storage, and adjacent vacant lot.
      1832 7Th St, New Orleans, LA 70115
      View Details
    • $599,000
      1,740 SF

      Warehouse District Commercial Space

      Unique commercial property in the desirable Warehouse District.
      422 Notre Dame St, New Orleans, LA 70130
      View Details
    • New
      Contact for pricing
      3,500 SF

      Spacious Canal Street Office Suite

      Versatile office space in a central New Orleans location.
      3300 Canal St, New Orleans, LA 70119
      View Details
    • $650,000
      6,900 SF

      Iconic Bywater Commercial Property

      Versatile 6,900 sq ft property in the heart of Bywater.
      4321 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $475,000
      2,266 SF

      Spacious Building in Algiers Point

      Versatile commercial building or residential conversion opportunity in New Orleans.
      627 Opelousas Ave, New Orleans, LA 70114
      View Details
    • $329,900
      1,904 SF

      Fairgrounds Investment Opportunity

      Two-unit property near Fairgrounds with income potential.
      1516 Gentilly Blvd, New Orleans, LA 70119
      View Details
    • $230,000
      3,847 SF

      New Orleans Commercial Opportunity

      Spacious warehouse ready for custom transformation in New Orleans.
      1637 Sere St, New Orleans, LA 70122
      View Details
    • $1,595,000
      4,906 SF

      Canal Street Automotive Property

      Income-producing commercial property on Canal Street with long-term upside.
      4243 Canal St, New Orleans, LA 70119
      View Details
    • $2,400,000
      3,850 SF

      Equipped Kitchen Space in New Orleans

      Restaurant kitchen space available in New Orleans with flexible lease terms.
      8001 Downman Rd, New Orleans, LA 70126
      View Details

    FAQs

    What type of property is this?
    School - Spacious, redesigned building suitable for various uses in prime location.
    Where is this school located?
    The property is located at 321 S Dorgenois St New Orleans, LA.
    What are key features of this property?
    This property features: - 18,068 sq ft building on a 25,600 sq ft lot in prime Mid City location.; - Adaptable property suitable for educational, creative, medical, multi-unit housing, or commercial redevelopment.; - 24 dedicated parking spaces, a rare amenity in Mid City.
    Request Owner's contact information
    321 S Dorgenois St New Orleans, LA 70119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    321 S Dorgenois St
    New Orleans, LA 70119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 S Dorgenois St New Orleans, LA 70119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyle Tallo
    Real Estate License ID: 912124073
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!