New Construction Retail
For Sale
$1,800,000
4001 Tulane Ave, New Orleans, LA 70119
Two interconnected buildings support single-tenant occupancy or division into multiple suites.
Property Size4,760 SF
Price / SF$378.15
Days on Market473
Property Features for 4001 Tulane Ave
General Information
Standard status
Active
Size
4,760 SF
Property subtype
Retail
Zoning
MU-1
Building Details
Buildings
2
Listing Agency:
Southeast Commercial Real Estate
Listed By:
Matt Eaton CCIM · License #0000072493
(504) 339-2136
Source:
Lacdb.resimplifi
Added: Jul 1, 2025
Changed: Oct 12
Last Checked: Oct 14 at 7:43PM
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 Southeast Commercial Real Estate
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Investment Insights
Based on property information with market context.
This newly constructed retail property comprises two connected commercial buildings with a combined 4,760 SF. Building A contains 2,810 SF of retail space, while Building B adds 1,950 SF, allowing the property to function as one larger occupancy or be arranged for multiple tenants. The modern layout provides flexibility for retail or office use within a single commercial center.
The property is located at the intersection of Tulane Avenue and South Pierce Street in New Orleans. MU-1 zoning is in place, and the configuration accommodates businesses seeking either a consolidated footprint or separately divided spaces.
The property is located at the intersection of Tulane Avenue and South Pierce Street in New Orleans. MU-1 zoning is in place, and the configuration accommodates businesses seeking either a consolidated footprint or separately divided spaces.
Key Highlights
- 4,760 SF across two interconnected commercial buildings
- Building A includes 2,810 SF of retail space
- Building B provides 1,950 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,234
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,680
$1.5M
Cap Rate 7%
$1,074,771
$1.1M
Cap Rate 9%
$835,933
$835.9K
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$109.7K $23.04/SF
− Vacancy
−$2.2K −$0.46/SF
EGI
$107.5K $22.58/SF
− OpEx
−$32.2K −$6.77/SF
NOI
$75.2K $15.81/SF
Area
ZIP 70119
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,680
Cap Rate 7%
$1,074,771
Cap Rate 9%
$835,933
Alternative Uses
Best Use
Retail
$1.07M
$940.4K – $1.25M
NOI $75,234 @ 7.0% cap · market cap 4.18%
Second Best
Office B
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,188 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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?
Retail space - Two interconnected buildings support single-tenant occupancy or division into multiple suites.
Where is this retail space located?
The property is located at 4001 Tulane Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,760 SF across two interconnected commercial buildings; Building A includes 2,810 SF of retail space; Building B provides 1,950 SF
