Renovated Warehouse with
For Sale
$699,000
4016 Saint Claude Ave, New Orleans, LA 70117
HMC-2 zoning, on-site parking, and rear yard space accompany the renovated warehouse and additional lot area.
Property Size6,200 SF
Lot Size0.37 Acres
Price / SF$112.74
Days on Market24
Property Features for 4016 Saint Claude Ave
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.37 Acres
Zoning
HMC-2
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
6,200 SF
Amenities
parking
rear yard
billboard
Building Details
Year Renovated
2023
Buildings
1
Building Size
6,200 SF
Listing Agency:
FQR Realtors
(504) 949-5400
Listed By:
Eric Wilkinson · License #995700355
(504) 782-6883
Source:
Exprealty
Added: Aug 10
Changed: Sep 1
Last Checked: Sep 1 at 8:54PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,296
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$905,920
$905.9K
Cap Rate 7%
$647,086
$647.1K
Cap Rate 9%
$503,289
$503.3K
Market Conditions
NOI Build-Up for 6,200 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $110,308 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- LuggageHero - Luggage Storage New Orleans — Bark Market, 3041 N Rampart St, New Orleans, LA 70117
- Self-Storage at U-Haul — 2936 St Claude Ave, New Orleans, LA 70117
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
