Multi-Tenant Office
3727 CANAL Street New Orleans, LA 70119
For Sale
$995,000
Two-story multi-tenant office building with established tenant plus three additional leasable spaces under HU-MU zoning.
Property Size4,894 SF
Price / SF$203.31
Days on Market525
Property Features for 3727 CANAL Street
General Information
- Standard status
- Active
- Size
- 4,894 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1977
Listing Agency:
FQR Realtors
(504) 616-0990
Listed By:
George Jeansonne · License #995687377
(504) 616-0990
Source:
Xome
Added: Feb 13, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:31AM
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 two-story multi-tenant office building includes an established tenant and three additional leasable spaces, providing a flexible layout for a range of office uses. The property is described as having a versa-tile floorplan, and it offers parking available around the building for tenant and client convenience.
Located at 3727 Canal Street in New Orleans, the building is positioned along the Canal Street corridor, with visibility in the surrounding commercial area. Public remarks note proximity to well-established nearby businesses, including law firms, Schoen Funeral Home, Mandina’s Restaurant, and Parkway Tavern.
Zoned HU-MU, the property is presented as suitable for multiple commercial directions, depending on tenant fit and permitted use under the applicable zoning.
Located at 3727 Canal Street in New Orleans, the building is positioned along the Canal Street corridor, with visibility in the surrounding commercial area. Public remarks note proximity to well-established nearby businesses, including law firms, Schoen Funeral Home, Mandina’s Restaurant, and Parkway Tavern.
Zoned HU-MU, the property is presented as suitable for multiple commercial directions, depending on tenant fit and permitted use under the applicable zoning.
Key Highlights
- Two‑story mid‑city multi‑tenant office building (1977) with established tenant plus 3 additional leasable spaces
- HU‑MU zoning
- 3 guest facilities
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 | $117.5k | $24.00 |
| − Vacancy | −$20.6k | −$4.20 |
| EGI | $96.9k | $19.80 |
| − OpEx | −$24.2k | −$4.95 |
| NOI | $72.7k | $14.85 |
4,894 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$908.5K – $1.21M
NOI $72,676 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,642 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sleep Rite
Medical Clinic
Leading Edge Financial ...
Consultant
Midcity Wax + Spa
Spa & Massage Center
Dan Burghardt Insurance
Insurance Agency
FAQs
What type of property is this?
Office building - Two-story multi-tenant office building with established tenant plus three additional leasable spaces under HU-MU zoning.
Where is this office building located?
The property is located at 3727 CANAL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑story mid‑city multi‑tenant office building (1977) with established tenant plus 3 additional leasable spaces; HU‑MU zoning; 3 guest facilities
