Fully Built-Out Corner Medical
New
For Sale
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3500 Kabel Drive, New Orleans, LA 70131
Corner medical office with a private gated parking lot and a layout designed for urgent care or similar medical use.
Property Size2,540 SF
Price / SF$255.91
Days on Market4
Property Features for 3500 Kabel Drive
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Office
Zoning
MU-2
Listing Agency:
Elifin Realty - New Orleans, LA
Listed By:
Frank Lopiccolo · License #995717703
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 3:55AM
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
3500 Kabel Dr is a fully built-out corner medical office offering 2,540 SF. The interior features a lobby/reception area, four triage rooms, a small lab room, a storage room, two private offices, two restrooms, and a breakroom. The layout was designed for easy adaptation for an urgent care operator or other medical users.
Outside, the building includes a private gated parking lot and is elevated three feet above curb level. The property is located just off General De Gaulle Dr, providing convenient access to the Crescent City Connection in 15 minutes. Zoning is MU-2, the High Intensity Mixed-Use District.
This property’s medical-specific configuration and secure parking make it well suited for healthcare tenants seeking an established plan with ready-to-use exam and support spaces.
Outside, the building includes a private gated parking lot and is elevated three feet above curb level. The property is located just off General De Gaulle Dr, providing convenient access to the Crescent City Connection in 15 minutes. Zoning is MU-2, the High Intensity Mixed-Use District.
This property’s medical-specific configuration and secure parking make it well suited for healthcare tenants seeking an established plan with ready-to-use exam and support spaces.
Key Highlights
- 2,540 SF fully built‑out corner medical office
- Private gated parking lot plus elevation three feet above curb level
- Four triage rooms and small lab room
Financial Insights For Office B
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 | $57.9k | $22.80 |
| − Vacancy | −$8.0k | −$3.15 |
| EGI | $49.9k | $19.65 |
| − OpEx | −$12.5k | −$4.91 |
| NOI | $37.4k | $14.74 |
2,540 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$528.8K
$462.7K – $616.9K
NOI $37,015 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$645.6K
$564.9K – $753.2K
NOI $45,191 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70131, LA
27,473
Population
12,070
Households
2.3
Avg Household Size
38
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
2,348
Density / Sq Mi
$64,294
Median Household Income
$45,347
Median Earnings
$1,057
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner medical office with a private gated parking lot and a layout designed for urgent care or similar medical use.
Where is this medical office space located?
The property is located at 3500 Kabel Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,540 SF fully built‑out corner medical office; Private gated parking lot plus elevation three feet above curb level; Four triage rooms and small lab room
