Multi-Unit Retail Storefront
4530 Magazine St New Orleans, LA 70130
4530 Magazine St, New Orleans, LA, 70130
$1,150,000
For Sale
$1,150,000
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$349.44
Days on Market24
Property Features for 4530 Magazine St
General Information
- Standard status
- Active
- Size
- 3,291 SF
Listing agency
Valmont Realtors
(504) 613-7948
Listed by
Kristen Koppel · License #995687860
(504) 613-7948
Source
Exprealty
Added: Jun 29 Updated: Jul 22 at 3:13AM Checked: Jul 22 at 3:13AM
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.2k | $18.00 |
| − Vacancy | −$1.2k | −$0.36 |
| EGI | $58.1k | $17.64 |
| − OpEx | −$17.4k | −$5.29 |
| NOI | $40.6k | $12.35 |
3,291 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$580.5K
$508.0K – $677.3K
NOI $40,637 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.5K
$731.9K – $975.9K
NOI $58,552 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The skin edit
Medical Clinic
Beauty Arts Spa
Spa & Massage Center
Similar For Sale Nearby
Similar Off Market Nearby
- Nola Flora — 4536 Magazine St, New Orleans, LA 70115
- Rue Magnolia I LLC — 526 leontine st, new orleans, la 70115
- Leaf + Petal NOLA — 4737 Tchoupitoulas St, New Orleans, LA 70115
FAQs
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 $1,150,000.
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
