Two-Story Office Building For
4240 Canal St New Orleans, LA 70119
4240 Canal St, New Orleans, LA, 70119
Contact for pricing
For Sale
Contact for pricing
Two-story office building with separate access per floor.
Property Size5,000 SF
Price / SF$205
Days on Market961
Property Features for 4240 Canal St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office
Listing Agency
Talbot Realty Group
Listed by
Bobby Talbot · License #LA 0000006978
Source
Crexi
Added: Dec 1, 2023 Checked: Jul 19 at 2:11 am
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This two-story office building offers flexibility for full or partial occupancy, with separate access and electric meters for each floor. The property features an ADA ramp, three new HVAC units, and a new roof. The building has a size of 5000 square feet. Additional property information and floor plans are available in the marketing brochure.
Key Highlights
- Two‑story office building.
- Separate access per floor allows for flexible occupancy (full or by floor).
- Separate electric meters for each floor.
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 | $120.0k | $24.00 |
| − Vacancy | −$21.0k | −$4.20 |
| EGI | $99.0k | $19.80 |
| − OpEx | −$24.8k | −$4.95 |
| NOI | $74.3k | $14.85 |
5,000 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.06M
$928.1K – $1.24M
NOI $74,250 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,584 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shearman-Denenea LLC
Law Firm
John Fox & Associates ...
Law Firm
John H Denenea ...
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building with separate access per floor.
Where is this office building located?
The property is located at 4240 Canal St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Two‑story office building.; Separate access per floor allows for flexible occupancy (full or by floor).; Separate electric meters for each floor.
