Three-Story Office
For Sale
$4,900,000
430 Notre Dame St, New Orleans, LA 70130
CBD-6 property with separate access points and a layout that supports multiple office users.
Property Size20,936 SF
Lot Size0.52 Acres
Price / SF$234.05
Days on Market360
Property Features for 430 Notre Dame St
General Information
Standard status
Active
Size
20,936 SF
Total Parking Spaces
45
Elevators
Yes
Lot size
0.52 Acres
Property subtype
Office
Zoning
CBD-6
Additional Details
Road Access
Yes
Office Units
1
Amenities
45 Parking Spaces
Building Details
Year Renovated
2007
Stories
3
Tenancy
Single
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
(504) 812-2388
Listed By:
Daniel Marse
(504) 812-2388
Source:
Lacdb.resimplifi
Added: Sep 4, 2025
Changed: Aug 27
Last Checked: Aug 28 at 6:51AM
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 NAI Rampart Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
The offering includes a three-story office building at 430 Notre Dame Street with ±20,936 square feet. The ground level combines office space with two parking garages, while the upper floors provide additional offices served by a shared elevator and two staircases. A private four-car garage has direct access from Notre Dame Street. The ground-floor executive suite includes its own street entry and private men’s and women’s restrooms, with additional restrooms on the second floor.
An attached one-story warehouse at 441 Julia Street contributes ±11,696 square feet of dedicated parking area with capacity for ±41 vehicles. Across the properties, the land area totals ±22,652 square feet and dedicated parking accommodates ±45 vehicles. The building was converted to corporate headquarters in 1984 and comprehensively renovated in 2006–2007. Its separate floor access allows configuration for a ground-floor occupant of ±9,501 square feet and a second tenant using ±11,435 square feet across the upper floors.
An attached one-story warehouse at 441 Julia Street contributes ±11,696 square feet of dedicated parking area with capacity for ±41 vehicles. Across the properties, the land area totals ±22,652 square feet and dedicated parking accommodates ±45 vehicles. The building was converted to corporate headquarters in 1984 and comprehensively renovated in 2006–2007. Its separate floor access allows configuration for a ground-floor occupant of ±9,501 square feet and a second tenant using ±11,435 square feet across the upper floors.
Key Highlights
- ±20,936‑square‑foot, three‑story office building
- ±11,696‑square‑foot attached warehouse providing dedicated parking
- Dedicated parking for ±45 vehicles, including capacity for ±41 additional vehicles
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
$308,601
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
6.30%
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%
$6,172,020
$6.2M
Cap Rate 7%
$4,408,586
$4.4M
Cap Rate 9%
$3,428,900
$3.4M
Market Conditions
NOI Build-Up for 20,936 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
$477.3K $22.80/SF
− Vacancy
−$65.9K −$3.15/SF
EGI
$411.5K $19.65/SF
− OpEx
−$102.9K −$4.91/SF
NOI
$308.6K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$6,172,020
Cap Rate 7%
$4,408,586
Cap Rate 9%
$3,428,900
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.14M
NOI $308,601 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.32M
$4.66M – $6.21M
NOI $372,487 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - CBD-6 property with separate access points and a layout that supports multiple office users.
Where is this office building located?
The property is located at 430 Notre Dame St New Orleans, LA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: ±20,936‑square‑foot, three‑story office building; ±11,696‑square‑foot attached warehouse providing dedicated parking; Dedicated parking for ±45 vehicles, including capacity for ±41 additional vehicles
