Two-Story Storefront
For Sale
$3,000,000
4318 Magazine Street, New Orleans, LA 70115
Commercial building combines a two-level storefront configuration with attached warehouse space.
Property Size15,273 SF
Lot Size0.27 Acres
Price / SF$196.43
Days on Market145
Property Features for 4318 Magazine Street
General Information
Standard status
Active
Size
15,273 SF
Lot size
0.27 Acres
Property subtype
Retail
Zoning
HU-B1
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
(504) 525-1311
Listed By:
Schaffer Mickal
(504) 525-1311
Source:
Lacdb.resimplifi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 30 at 1:15PM
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.
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 = 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
$133,271
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
4.44%
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%
$2,665,420
$2.7M
Cap Rate 7%
$1,903,871
$1.9M
Cap Rate 9%
$1,480,789
$1.5M
Market Conditions
NOI Build-Up for 15,273 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
$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 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%
$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
NOI $133,271 @ 7.0% cap · market cap 4.44%
Second Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $110,997 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,062 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rue Magnolia I LLC — 526 leontine st, new orleans, la 70115
- Leaf + Petal NOLA — 4737 Tchoupitoulas St, New Orleans, LA 70115
- Nola Flora — 4536 Magazine St, New Orleans, LA 70115
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
