Building Details

Year Renovated 2023

Buildings 1

Building Size 6,200 SF

Listing Agency: FQR Realtors g***@fqr.com Show Phone

Listed By: Eric Wilkinson · License #995700355 Show Phone

Source: Exprealty

Added: Aug 10 Changed: Oct 6 Last Checked: Oct 16 at 2:49PM

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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

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Investment Insights

Based on property information with market context.

The property combines a 6,200-square-foot warehouse renovated in 2023 with additional land and a full-size billboard served by power. The warehouse is located at 4016-18 St Claude, with a second lot at 4026 St Claude.

The land component includes one 50x198 lot and another measuring 48x125. HMC-2 zoning, parking, and rear yard space are included. The offering therefore contains enclosed warehouse area, two identified lot dimensions, powered billboard infrastructure, and outdoor space at the St Claude address.

Key Highlights

• 6,200‑square‑foot warehouse renovated in 2023
• Full‑size billboard with power included
• Warehouse lot measures 50x198

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,296

Cap Rate

6.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$905,920 $905.9K

Cap Rate 7%

$647,086 $647.1K

Cap Rate 9%

$503,289 $503.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,200 SF

Gross rent

$55.8K $9.00/SF

− Vacancy

−$2.5K −$0.41/SF

EGI

$53.3K $8.59/SF

− OpEx

−$8.0K −$1.29/SF

NOI

$45.3K $7.31/SF

Area

New Orleans, LA

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$905,920

Cap Rate 7%

$647,086

Cap Rate 9%

$503,289

Alternative Uses

Best Use

Warehouse

$647.1K

$566.2K – $754.9K (±1% cap)

NOI $45,296 @ 7.0% cap · market cap 6.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,308 @ 7.0% cap · market cap 15.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Skin Care Clinic Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

879

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70117, LA

28,528

Population

15,821

Households

1.8

Avg Household Size

38

Median Age

35%

College-Educated

89%

High-School Grad

5.5 sq mi

ZIP Area

5,187

Density / Sq Mi

$41,645

Median Household Income

$31,744

Median Earnings

$1,191

Median Rent

$247,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - HMC-2 zoning, on-site parking, and rear yard space accompany the renovated warehouse and additional lot area.

Where is this warehouse located?

The property is located at 4016 Saint Claude Ave New Orleans, LA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 6,200‑square‑foot warehouse renovated in 2023; Full‑size billboard with power included; Warehouse lot measures 50x198