Multi-Unit Retail Storefront
For Sale
$1,095,000
4530 Magazine St, New Orleans, LA 70130
Three independent retail units on Magazine Street, with two occupied by long-term tenants and one vacant for use.
Property Size3,291 SF
Price / SF$332.73
Days on Market71
Property Features for 4530 Magazine St
General Information
Standard status
Active
Size
3,291 SF
Building Details
Tenancy
Multi
Listing Agency:
Valmont Realtors
(504) 525-3067
Listed By:
Kristen Koppel · License #995687860
(504) 613-7948
Source:
Exprealty
Added: Jun 29
Changed: Sep 4
Last Checked: Sep 6 at 1:13PM
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 Valmont Realtors
Investment Insights
Based on property information with market context.
This multi-unit retail storefront building offers three independent commercial units, providing flexibility for either an owner-occupant or an investor. Two of the three units are currently occupied by long-term, established tenants, supporting stable income. The third unit is vacant and ready for a business, showroom, office, studio, retail concept, or professional practice.
The property is located on iconic Magazine Street, described as one of New Orleans’ most sought-after retail corridors, supporting its appeal as an income-producing location within a desirable business district.
The configuration of three separate units allows for diversified occupancy while retaining the option to bring an additional concept online in the vacant space.
The property is located on iconic Magazine Street, described as one of New Orleans’ most sought-after retail corridors, supporting its appeal as an income-producing location within a desirable business district.
The configuration of three separate units allows for diversified occupancy while retaining the option to bring an additional concept online in the vacant space.
Key Highlights
- Three independent commercial retail units on Magazine Street
- Two of the three units are occupied by long‑term, established tenants
- One unit is vacant and ready for a business, showroom, office, studio, retail concept, or professional practice
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
$40,637
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
3.71%
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%
$812,740
$812.7K
Cap Rate 7%
$580,529
$580.5K
Cap Rate 9%
$451,522
$451.5K
Market Conditions
NOI Build-Up for 3,291 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
$59.2K $18.00/SF
− Vacancy
−$1.2K −$0.36/SF
EGI
$58.1K $17.64/SF
− OpEx
−$17.4K −$5.29/SF
NOI
$40.6K $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 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%
$812,740
Cap Rate 7%
$580,529
Cap Rate 9%
$451,522
Alternative Uses
Best Use
Retail
$580.5K
$508.0K – $677.3K
NOI $40,637 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.5K
$731.9K – $975.9K
NOI $58,552 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,217
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
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 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three independent retail units on Magazine Street, with two occupied by long-term tenants and one vacant for use.
Where is this storefront property located?
The property is located at 4530 Magazine St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Three independent commercial retail units on Magazine Street; Two of the three units are occupied by long‑term, established tenants; One unit is vacant and ready for a business, showroom, office, studio, retail concept, or professional practice
