Canal Street Leased Office
4164 Canal St New Orleans, LA
For Sale
Contact for pricing
Leased office building on Canal Street with storage.
Property Size3,878 SF
Lot Size0.14 Acres
Price / SF$206.29
Days on Market266
Property Features for 4164 Canal St
General Information
Standard status
Active
Size
3,878 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Listing Agency:
Corporate Realty - Canal Place
(504) 296-5641
Listed By:
Andrea A Huseman, CCIM · License #SALE.0000033384-ACT
(504) 296-5641
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:18AM
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 Corporate Realty - Canal Place
Investment Insights
Based on property information with market context.
The property is fully leased, with office space on both the first and second floors. A non-air conditioned storage room is located in a detached rear building; this space is included in the sale but is not part of the rentable area. Situated on Canal Street near Carrollton Avenue, the property benefits from convenient access to the streetcar line and major bus stops. Its location also provides easy access to I-10, the Medical District, the Central Business District, City Park, and Mid-City Market. The property size is 3878 square feet.
Key Highlights
- Fully leased property provides immediate rental income.
- Prime location on Canal Street near Carrollton Avenue offers excellent accessibility.
- Convenient access to the streetcar line, major bus stops, and I‑10.
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 | $88.4k | $22.80 |
| − Vacancy | −$12.2k | −$3.15 |
| EGI | $76.2k | $19.65 |
| − OpEx | −$19.1k | −$4.91 |
| NOI | $57.2k | $14.74 |
3,878 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$816.6K
$714.5K – $952.7K
NOI $57,162 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.7K
$862.5K – $1.15M
NOI $68,996 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Leased office building on Canal Street with storage.
Where is this office building located?
The property is located at 4164 Canal St New Orleans, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully leased property provides immediate rental income.; Prime location on Canal Street near Carrollton Avenue offers excellent accessibility.; Convenient access to the streetcar line, major bus stops, and I‑10.
