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Building Details

Buildings 1

Stories 2

Listing Agency: NAI Rampart Commercial Real Estate New Orleans

Listed By: Schaffer Mickal Show Phone

Source: Lacdb.resimplifi

Added: Apr 8 Changed: Oct 4 Last Checked: Oct 14 at 7:48PM

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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 NAI Rampart Commercial Real Estate New Orleans

Investment Insights

Based on property information with market context.

Located at 4318 Magazine Street in New Orleans, this two-story storefront property includes an attached warehouse and provides 15,273 square feet of total building area. The configuration offers a retail-oriented street presence alongside dedicated warehouse space within the same structure.

The property occupies a 0.27-acre parcel with an L-shaped layout. Frontage extends 60 feet along Magazine Street and 29 feet along Napoleon Avenue, providing two street exposures. The site is identified as HU-B1 zoning and is positioned in the 70115 postal area.

Key Highlights

• 15,273 square feet of total building area
• 2‑story storefront building with attached warehouse
• 0.27‑acre parcel

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$133,271

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,665,420 $2.7M

Cap Rate 7%

$1,903,871 $1.9M

Cap Rate 9%

$1,480,789 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,273 SF

Gross rent

$194.3K $12.72/SF

− Vacancy

−$3.9K −$0.25/SF

EGI

$190.4K $12.47/SF

− OpEx

−$57.1K −$3.74/SF

NOI

$133.3K $8.73/SF

Area

ZIP 70115

Vacancy

2.00%

Lease Rate

$12.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,665,420

Cap Rate 7%

$1,903,871

Cap Rate 9%

$1,480,789

Alternative Uses

Best Use

Retail

$1.90M

$1.67M – $2.22M (±1% cap)

NOI $133,271 @ 7.0% cap · market cap 4.44%

Second Best

Warehouse

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $110,997 @ 7.0% cap · market cap 3.70%

Theoretical Best

Office A

$4.03M

$3.53M – $4.70M (±1% cap)

NOI $282,062 @ 7.0% cap · market cap 9.40%

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

Peaches Records (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Accounting Firm Barber Shop Building Supply HVAC Service Daycare Center (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,537

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70115, LA

31,736

Population

18,134

Households

1.8

Avg Household Size

38

Median Age

64%

College-Educated

95%

High-School Grad

3.8 sq mi

ZIP Area

8,352

Density / Sq Mi

$94,181

Median Household Income

$57,242

Median Earnings

$1,442

Median Rent

$616,600

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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Similar Off Market Nearby

• Rue Magnolia I LLC — 526 leontine st, new orleans, la 70115
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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building combines a two-level storefront configuration with attached warehouse space.

Where is this storefront property located?

The property is located at 4318 Magazine Street New Orleans, LA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 15,273 square feet of total building area; 2‑story storefront building with attached warehouse; 0.27‑acre parcel