Two-Story Office
For Sale
$1,100,000
5130 Tchoupitoulas Street, New Orleans, LA 70115
A flexible office layout combines private rooms, shared work areas, multiple entrances, and off-street parking.
Property Size4,760 SF
Price / SF$231.09
Days on Market18
Property Features for 5130 Tchoupitoulas Street
General Information
Standard status
Active
Size
4,760 SF
Property subtype
Commercial
Zoning
MU-1
Site & Location
Neighborhood
West Riverside
Additional Details
Asking Price
$1,100,000
Property Use
Office
Building Details
Building Size
4,760 SF
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Oct 7
Changed: Oct 24
Last Checked: Oct 23 at 4:08PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This two-story office building contains 4,760 square feet, with private offices and open work areas. Four entrances support access throughout the property, and off-street parking is available. The building was constructed in 2003 and is zoned MU-1.
Recent work includes a replacement roof, two new HVAC units, and improvements to the exterior and shutters. The property is on Tchoupitoulas Street, with access to Uptown, the Garden District, and the CBD.
Recent work includes a replacement roof, two new HVAC units, and improvements to the exterior and shutters. The property is on Tchoupitoulas Street, with access to Uptown, the Garden District, and the CBD.
Key Highlights
- 4,760 SF two‑story office building
- Private offices and open work areas
- Four entrances and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,972
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,440
$1.1M
Cap Rate 7%
$799,600
$799.6K
Cap Rate 9%
$621,911
$621.9K
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$84.5K $17.76/SF
− Vacancy
−$9.9K −$2.08/SF
EGI
$74.6K $15.68/SF
− OpEx
−$18.7K −$3.92/SF
NOI
$56.0K $11.76/SF
Area
ZIP 70115
Vacancy
11.72%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,440
Cap Rate 7%
$799,600
Cap Rate 9%
$621,911
Alternative Uses
Best Use
Office B
$799.6K
$699.7K – $932.9K
NOI $55,972 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,908 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout combines private rooms, shared work areas, multiple entrances, and off-street parking.
Where is this office building located?
The property is located at 5130 Tchoupitoulas Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,760 SF two‑story office building; Private offices and open work areas; Four entrances and off‑street parking
