Renovated Retail Space on
For Sale
Contact for pricing
4321 S Claiborne Ave, New Orleans, LA 70125
Two renovated buildings ideal for retail, storage, or office use.
Property Size3,813 SF
Price / SF$0.84
Days on Market326
Property Features for 4321 S Claiborne Ave
General Information
Standard status
Active
Size
3,813 SF
Property subtype
Retail
Zoning
MU-1
Lease Type
NNN
Building Details
Tenancy
Single Tenant
Listing Agency:
Corporate Realty - Canal Place
Listed By:
Andrea Huseman · License #SALE.0000033384-ACT
(504) 587-1450
Source:
Lacdb.resimplifi
Added: Nov 24, 2025
Changed: Oct 8
Last Checked: Oct 14 at 7:43PM
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
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Investment Insights
Based on property information with market context.
This property features two buildings at the signalized intersection of Napoleon and S. Claiborne avenues. The primary freestanding structure measures 3358.5 square feet and includes rollup hurricane doors, floodlights, and hanging exterior signage. A smaller 454.5-square-foot back structure has its own separate HVAC and entrance but is only accessible from the main building. Both buildings, totaling 3813 square feet, must be leased together. The buildings have been completely renovated with LED lights, central HVAC in the first building and an HVAC unit in the back building, and concrete floors. The open floor plan, which currently features a removal raised stage area, can be adapted for various uses. This property has great visibility in a dense commercial corridor, serving neighborhood needs since the 1930s. It is located within one block of Ochsner Hospital, Touro Imaging Center, and the new Ochsner ob-gyn clinic opened on Claiborne. National retailers, pharmacies, and fast-food restaurants are nearby, and it is immediately adjacent to a retail center that includes Green Tea Restaurant and a Verizon store. Previously the long-time home of South Claiborne Hardware, and also a neighborhood grocery store, this space is ideal for retail, storage, fitness, craft/event, or office use, with close proximity to Freret Street and quick access to I-10.
Key Highlights
- High‑visibility location at a signalized intersection in a dense commercial corridor.
- Completely renovated buildings with LED lighting, central HVAC, and concrete floors.**
- Versatile open floor plan adaptable for retail, storage, fitness, craft/event, or office use.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,083
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,660
$941.7K
Cap Rate 7%
$672,614
$672.6K
Cap Rate 9%
$523,144
$523.1K
Market Conditions
NOI Build-Up for 3,813 SF
Gross rent
$68.6K $18.00/SF
− Vacancy
−$1.4K −$0.36/SF
EGI
$67.3K $17.64/SF
− OpEx
−$20.2K −$5.29/SF
NOI
$47.1K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,660
Cap Rate 7%
$672,614
Cap Rate 9%
$523,144
Alternative Uses
Best Use
Retail
$672.6K
$588.5K – $784.7K
NOI $47,083 @ 7.0% cap · market cap 1,471.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$969.1K
$848.0K – $1.13M
NOI $67,840 @ 7.0% cap · market cap 2,120.00%
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
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
183k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 30%
Groceries 13%
Electronics 6%
Michaels
Shops & Services
27,590 visits/mo
0.5 miles
Rouses Market
Groceries
23,913 visits/mo
0.5 miles
McDonald's
Dining
22,071 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
22,034 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
15,647 visits/mo
0.2 miles
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - Two renovated buildings ideal for retail, storage, or office use.
Where is this retail space located?
The property is located at 4321 S Claiborne Ave New Orleans, LA.
What are key features of this property?
This property features: High‑visibility location at a signalized intersection in a dense commercial corridor.; Completely renovated buildings with LED lighting, central HVAC, and concrete floors.**; Versatile open floor plan adaptable for retail, storage, fitness, craft/event, or office use.**
