Mixed-Use Retail and
3214 LASALLE Street New Orleans, LA 70115
3214 LASALLE Street, New Orleans, LA, 70115
$565,000
For Sale
$565,000
Ground-floor commercial space with large storefront windows and two separately metered upstairs apartments.
Property Size2,764 SF
Price / SF$204.41
Days on Market291
Property Features for 3214 LASALLE Street
General Information
- Standard status
- Active
- Size
- 2,764 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agency
FQR Realtors
(504) 330-8233
Listed by
Lisa Shedlock · License #995689421
(504) 330-8233
Source
Xome
Added: Oct 5, 2025 Updated: Jul 20 at 11:22PM Checked: Jul 21 at 3:03AM
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 FQR Realtors
Investment Insights
Based on property information with market context.
This prime mixed-use building combines a fully updated ground-floor commercial space with two upstairs residential apartments. The storefront level features large windows and both front and rear entrances, supporting a range of retail, office, studio, or service uses. The second floor includes two 1-bedroom, 1-bath apartments, with Unit A fully updated and Unit B leased month-to-month to a long-term tenant.
The property is located on a high-traffic corridor just off Claiborne and Louisiana, with convenient access from the front and back entrances. Both units are separately metered for utilities, which can simplify ongoing management. The building is noted as being located in an X Flood Zone.
As a for-sale mixed-use asset, it offers on-site commercial space alongside residential rental income from two separate, metered apartments.
The property is located on a high-traffic corridor just off Claiborne and Louisiana, with convenient access from the front and back entrances. Both units are separately metered for utilities, which can simplify ongoing management. The building is noted as being located in an X Flood Zone.
As a for-sale mixed-use asset, it offers on-site commercial space alongside residential rental income from two separate, metered apartments.
Key Highlights
- Mixed‑use building with fully updated ground‑floor commercial space and two upstairs 1‑bed/1‑bath apartments
- Large storefront windows and both front and rear entrances for retail, office, studio, or service use
- Upstairs units include Unit A (fully updated) and Unit B, leased month‑to‑month to a long‑term tenant
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $12.72 |
| − Vacancy | −$703 | −$0.25 |
| EGI | $34.5k | $12.47 |
| − OpEx | −$10.3k | −$3.74 |
| NOI | $24.1k | $8.73 |
2,764 SF · lease $12.72/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$344.5K
$301.5K – $402.0K
NOI $24,118 @ 7.0% cap · market cap 4.27%
Second Best
Multifamily LT 5
$339.4K
$297.0K – $396.0K
NOI $23,757 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$729.2K
$638.1K – $850.8K
NOI $51,046 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Ground-floor commercial space with large storefront windows and two separately metered upstairs apartments.
Where is this duplex located?
The property is located at 3214 LASALLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Mixed‑use building with fully updated ground‑floor commercial space and two upstairs 1‑bed/1‑bath apartments; Large storefront windows and both front and rear entrances for retail, office, studio, or service use; Upstairs units include Unit A (fully updated) and Unit B, leased month‑to‑month to a long‑term tenant
