Multi-Building Site in New
For Sale
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3736 Gentilly Blvd, New Orleans, LA 70122
Multi-building site with redevelopment potential in New Orleans for sale.
Property Size74,965 SF
Days on Market345
Property Features for 3736 Gentilly Blvd
General Information
Standard status
Active
Size
74,965 SF
Property subtype
Other
Site & Location
Neighborhood
Gentilly Terrace
Listing Agency:
Elifin Realty
Listed By:
Benjamin Azar
(504) 289-7750
Source:
Lacdb.resimplifi
Added: Nov 12, 2025
Changed: Oct 22
Last Checked: Oct 23 at 3:35AM
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
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Investment Insights
Based on property information with market context.
For sale is a multi-building site located at 3736 Gentilly Blvd in New Orleans, known as the St. James Campus and Church. The property includes four main structures: a church, a rectory, and two connected school buildings. The school buildings are currently leased to The Arthur School until the coming spring. Additional facilities on the property include a boiler house, cafeteria, cottage, gymnasium, and a print shop. A large parking lot is located in the back of the property. The property is located minutes away from I-10, offering accessibility. The property qualifies for state and federal tax credits and has potential for redevelopment or continued use. The property size is 74965 square feet.
Key Highlights
- Large multi‑building site including a church, rectory, and two school buildings.
- Two school buildings are connected, suitable for educational or community use.
- Currently leased to The Arthur School until the coming spring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$989,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,790,760
$19.8M
Cap Rate 7%
$14,136,257
$14.1M
Cap Rate 9%
$10,994,867
$11.0M
Market Conditions
NOI Build-Up for 74,965 SF
Gross rent
$1.80M $24.00/SF
− Vacancy
−$215.9K −$2.88/SF
EGI
$1.58M $21.12/SF
− OpEx
−$593.7K −$7.92/SF
NOI
$989.5K $13.20/SF
Area
ZIP 70122
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,790,760
Cap Rate 7%
$14,136,257
Cap Rate 9%
$10,994,867
Alternative Uses
Best Use
Office B
$15.13M
$13.24M – $17.65M
NOI $1,059,121 @ 7.0% cap · market cap 105,912,100.00%
Second Best
Mixed Use
$14.14M
$12.37M – $16.49M
NOI $989,538 @ 7.0% cap · market cap 98,953,800.00%
Theoretical Best
Office A
$19.62M
$17.16M – $22.89M
NOI $1,373,119 @ 7.0% cap · market cap 137,311,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-building site with redevelopment potential in New Orleans for sale.
Where is this mixed-use property located?
The property is located at 3736 Gentilly Blvd New Orleans, LA.
What are key features of this property?
This property features: Large multi‑building site including a church, rectory, and two school buildings.; Two school buildings are connected, suitable for educational or community use.; Currently leased to The Arthur School until the coming spring.
