Mixed-Use Building with
For Sale
$650,000
Pending
4501 MAGAZINE Street, New Orleans, LA 70115
Commercial Sale, New Orleans, LA
Property Size2,522 SF
Lot Size0.06 Acres
Days on Market76
Property Features for 4501 MAGAZINE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Hu-B1
Parking
2
Standard status
Pending
APN
614201421
Size
2,522 SF
Lot size
0.06 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Description
SQ 233 LOT A MAGAZINE AND JENA 30/31X90 4501-03 MAGAZINE ST S-2 STY-W FILE #86512 11/03 DON
Legal Description
SQ 233 LOT A MAGAZINE AND JENA 30/31X90 4501-03 MAGAZINE ST S-2 STY-W FILE #86512 11/03 DON
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Stucco
Buildings
1
Listing Agency:
Soniat Realty, Inc.
(504) 488-8988
Listed By:
David Aaron Johnston · License #995718603
(504) 383-5262
Added: Aug 11
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
MLS# 2571990
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This stucco mixed-use property at 4501 Magazine Street pairs 1,422 square feet of ground-floor commercial space with an 1,100-square-foot apartment above. The residence has three bedrooms and one bathroom. The building dates to 1900 and sits on a 0.063-acre lot. Public water and sewer serve the property.
Two private driveway parking spaces are located at the rear. The property is zoned Hu-B1.
Two private driveway parking spaces are located at the rear. The property is zoned Hu-B1.
Key Highlights
- 1,422 sq ft of ground‑floor commercial space
- Upstairs apartment measures 1,100 sq ft and has 3 bedrooms and 1 bathroom
- Two private driveway parking spaces at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,642
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,840
$612.8K
Cap Rate 7%
$437,743
$437.7K
Cap Rate 9%
$340,467
$340.5K
Market Conditions
NOI Build-Up for 2,522 SF
Gross rent
$54.5K $21.60/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$49.0K $19.44/SF
− OpEx
−$18.4K −$7.29/SF
NOI
$30.6K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,840
Cap Rate 7%
$437,743
Cap Rate 9%
$340,467
Alternative Uses
Best Use
Mixed Use
$437.7K
$383.0K – $510.7K
NOI $30,642 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$314.4K
$275.1K – $366.8K
NOI $22,007 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$665.4K
$582.2K – $776.3K
NOI $46,576 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,217
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 14%
Shops & Services 13%
Apparel 12%
Rouses Market
Groceries
39,840 visits/mo
0.3 miles
Buffalo Exchange
Apparel
4,783 visits/mo
0.3 miles
Chase Bank
Shops & Services
4,681 visits/mo
0.5 miles
Yogurtland
Dining
3,562 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,370 visits/mo
0.3 miles
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
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?
Mixed-use property - Street-level business space sits below a three-bedroom residence, with private parking behind the property.
Where is this mixed-use property located?
The property is located at 4501 MAGAZINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,422 sq ft of ground‑floor commercial space; Upstairs apartment measures 1,100 sq ft and has 3 bedrooms and 1 bathroom; Two private driveway parking spaces at the rear
