Single-Tenant NNN
For Sale
$2,399,000
4501 N Galvez St, New Orleans, LA 70117
Functional industrial asset in an HI-zoned corridor with scheduled lease increases.
Property Size68,622 SF
Price / SF$34.96
Days on Market957
Property Features for 4501 N Galvez St
General Information
Standard status
Active
Size
68,622 SF
Property subtype
Industrial
Zoning
HI
Financials
Asking Price
$2,400,000
Cap Rate
9.29%
Building Details
Tenancy
Single
Listing Agency:
Century 21 Investment Realty
(225) 291-2121
Listed By:
Travis Thornton · License #0995697813
(225) 291-2121
Source:
Lacdb.resimplifi
Added: Jan 15, 2024
Changed: Aug 28
Last Checked: Aug 28 at 10:44AM
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 Century 21 Investment Realty
Investment Insights
Based on property information with market context.
This single-tenant NNN property contains 68,622 square feet and is designated HI. The asset is described as a functional industrial property, with a lease structure that places limited landlord responsibilities on ownership.
The initial lease term is one year, creating a defined near-term decision point for future lease negotiations. Scheduled rent increases are already incorporated into the lease, while the property sits within an established industrial corridor with access to major transportation routes.
The property is located at 4501 N Galvez St in New Orleans, Louisiana. Its industrial setting and existing commercial occupancy provide a straightforward operating profile for ownership evaluating a short-term lease structure.
The initial lease term is one year, creating a defined near-term decision point for future lease negotiations. Scheduled rent increases are already incorporated into the lease, while the property sits within an established industrial corridor with access to major transportation routes.
The property is located at 4501 N Galvez St in New Orleans, Louisiana. Its industrial setting and existing commercial occupancy provide a straightforward operating profile for ownership evaluating a short-term lease structure.
Key Highlights
- 68,622‑square‑foot industrial property
- HI zoning designation
- Single‑tenant NNN lease structure
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Functional industrial asset in an HI-zoned corridor with scheduled lease increases.
Where is this nnn property located?
The property is located at 4501 N Galvez St New Orleans, LA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 68,622‑square‑foot industrial property; HI zoning designation; Single‑tenant NNN lease structure
