Office Condominium with
For Sale
Contact for pricing
334 Carondelet Street Unit C, New Orleans, LA 70130
Flexible commercial condominium with executive offices, customer-facing space, training facilities, and a polished interior buildout.
Property Size9,450 SF
Price / SF$237.99
Days on Market53
Property Features for 334 Carondelet Street Unit C
General Information
Standard status
Active
Size
9,450 SF
Property subtype
Retail, Office
Zoning
CBD-1
Site & Location
Neighborhood
Central Business District
Listing Agency:
Talbot Realty Group
Listed By:
Bobby Talbot · License #LA 0000006978
(504) 237-1266
Source:
Crexi
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 30 at 12:41PM
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 Talbot Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,450-square-foot office condominium occupies space within Union Lofts Condominiums and combines a showroom-oriented layout with substantial private and support areas. The interior includes an open presentation area, kitchen, bar and lounge, board room, vault, private offices, storage, and a 24-seat classroom or training room. The property was previously used as a showroom and lab/research facility and carries Class A finishes.
The unit is positioned at 334 Carondelet Street in New Orleans’ CBD, surrounded by hotels, Class A office towers, restaurants, and museums. It is three blocks from both the French Quarter and the Warehouse District. CBD-1 uses identified in the property information include showroom, office, retail, bank, and private client venue applications.
The unit is positioned at 334 Carondelet Street in New Orleans’ CBD, surrounded by hotels, Class A office towers, restaurants, and museums. It is three blocks from both the French Quarter and the Warehouse District. CBD-1 uses identified in the property information include showroom, office, retail, bank, and private client venue applications.
Key Highlights
- 9,450 SF commercial condominium within Union Lofts Condominiums
- CBD‑1 property with showroom, office, retail, bank, and private client venue uses identified
- Open showroom area with kitchen, bar, lounge, board room, vault, and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,295
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,785,900
$2.8M
Cap Rate 7%
$1,989,929
$2.0M
Cap Rate 9%
$1,547,722
$1.5M
Market Conditions
NOI Build-Up for 9,450 SF
Gross rent
$215.5K $22.80/SF
− Vacancy
−$29.7K −$3.15/SF
EGI
$185.7K $19.65/SF
− OpEx
−$46.4K −$4.91/SF
NOI
$139.3K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,785,900
Cap Rate 7%
$1,989,929
Cap Rate 9%
$1,547,722
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,295 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$1.67M
$1.46M – $1.94M
NOI $116,689 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,131 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
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
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial condominium with executive offices, customer-facing space, training facilities, and a polished interior buildout.
Where is this office unit located?
The property is located at 334 Carondelet Street Unit C New Orleans, LA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: 9,450 SF commercial condominium within Union Lofts Condominiums; CBD‑1 property with showroom, office, retail, bank, and private client venue uses identified; Open showroom area with kitchen, bar, lounge, board room, vault, and private offices
