Property profile

508 David St New Orleans, LA 70119

OFF-MARKET
Showrooms
Property ID
US36-0376611
3,100 SF 0.09 ac lot Built 1940
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Mid-City warehouse offers 3,200 square feet of versatile space, ideal for a variety of industrial uses. The property features a single-tenant occupancy, making it perfect for businesses seeking a dedicated and secure location. The building boasts approximately 566 square feet of office space, providing ample room for administrative functions. A substantial 500-square-foot concrete pad in the rear offers additional storage or loading capabilities. High ceilings, reaching 16 feet at the eaves and 21 feet clear, provide ample vertical space for storage or equipment. Access to the warehouse is convenient via a single 18' x 12' overhead door at ground level. The property is zoned commercial, ensuring compliance for a wide range of industrial operations. The monthly rental rate is $2,400, triple net, translating to a rate of $9.00 per square foot. Net expenses are $3.75 per square foot. This property presents a compelling opportunity for businesses seeking a well-appointed and strategically located warehouse in the vibrant Mid-City area. Don't miss this chance to secure this prime industrial space.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Total area 3,100 SF
Lot 0.09 ac (3,840 SF)
APN 207208406
UPID US36-0376611

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

508 David St New Orleans, LA 70119-4711
New Orleans metro Census 5400 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2024
1 recorded transaction
2024
$150

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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