Flex Office Warehouse with
3925 IBERVILLE Street New Orleans, LA 70119
3925 IBERVILLE Street, New Orleans, LA, 70119
$1,100,000
For Sale
$1,100,000
Grade-level access offices connect to a rear warehouse/workshop plus dedicated off-street parking.
Property Size6,486 SF
Price / SF$169.60
Days on Market249
Property Features for 3925 IBERVILLE Street
General Information
- Standard status
- Active
- Size
- 6,486 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
Superior Real Estate Services, Inc.
(504) 442-7608
Listed by
Eric France
(504) 442-7608
Source
Xome
Added: Nov 15, 2025 Updated: Jul 21 at 10:52PM Checked: Jul 21 at 10:52PM
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 Superior Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This flex-style property includes office space with a large main reception/showroom area, multiple private offices, a conference room, and a break room. The rear portion provides a large storage/warehouse/workshop area with a central heat system that can support a variety of operational uses. The building’s main entrance is at grade level and is handicap accessible.
The property is described as being a block from the corner of Canal Street and N Carrollton Avenue, with a streetcar stop one block away on Canal Street. Off-street parking is provided for employees and customers.
An elevator connects the upper and lower unit, along with a separate stairwell. The upstairs unit is currently occupied by a residential tenant, and zoning is noted as HU-MU with many permitted uses. The property is offered for sale or lease, and the owner indicates the option to sell as part of a package deal with a triplex next door.
The property is described as being a block from the corner of Canal Street and N Carrollton Avenue, with a streetcar stop one block away on Canal Street. Off-street parking is provided for employees and customers.
An elevator connects the upper and lower unit, along with a separate stairwell. The upstairs unit is currently occupied by a residential tenant, and zoning is noted as HU-MU with many permitted uses. The property is offered for sale or lease, and the owner indicates the option to sell as part of a package deal with a triplex next door.
Key Highlights
- HU‑MU zoning with former real estate management office uses and potential for other permitted uses
- Approx. 2,451 SF office space with large main reception/showroom, private offices, conference room, and break room
- Approx. 2,270 SF rear storage/warehouse/workshop area with central heat system
Local 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 | $155.7k | $24.00 |
| − Vacancy | −$27.2k | −$4.20 |
| EGI | $128.4k | $19.80 |
| − OpEx | −$32.1k | −$4.95 |
| NOI | $96.3k | $14.85 |
6,486 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,317 @ 7.0% cap · market cap 8.76%
Second Best
Warehouse
$745.2K
$652.1K – $869.4K
NOI $52,165 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,803 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Superior Property Management
Property Management Company
Kugler & Joseph Property ...
Property Management Company
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FAQs
What type of property is this?
Flex space - Grade-level access offices connect to a rear warehouse/workshop plus dedicated off-street parking.
Where is this flex space located?
The property is located at 3925 IBERVILLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: HU‑MU zoning with former real estate management office uses and potential for other permitted uses; Approx. 2,451 SF office space with large main reception/showroom, private offices, conference room, and break room; Approx. 2,270 SF rear storage/warehouse/workshop area with central heat system
