Warehouse District Multi-Use
527 Julia Street, New Orleans, LA 70130
Multi-use building in the vibrant Warehouse Arts District.
Type:Retail
Property size:
6,083 SFPrice / SF:
$271/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 5 at 10:45 pm
Property Features for 527 Julia Street
General Information
- Standard status
- Active
- Size
- 6,083 SF
- Property subtype
- Retail
Listing agent Rich Stone, CCIM (504) 569-9319
Listing office (504) 569-9319
Listing date Nov 21, 2025
Source Naiglobal
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 Rich Stone, CCIM
HighLights
- Prime location in the vibrant Julia Street corridor of the New Orleans Warehouse Arts District.
- Substantial 6,083 SF of finished retail/office space, ideal for immediate use.
- Significant additional 4,126 SF of second‑floor space with potential for reimagining and development.
- Flexible CBD‑5 zoning allows for a wide variety of uses.
- Suitable for diverse applications such as retail, office, restaurant, gallery, residential/multi‑family, or a combination.
- Includes semi‑finished (629 SF) and unfinished (3,497 SF) second‑floor space, offering further customization options.
Overview
Located in the Julia Street corridor of the New Orleans Warehouse Arts District, this multi-use building previously served as both a restaurant and a gallery. The property is situated within a vibrant hub of creativity and culture, surrounded by contemporary art galleries, chic boutiques, and stylish eateries. The 6,083 square feet of finished space is currently configured for restaurant use. In addition to the finished retail/office space, the building includes 629 square feet of semi-finished second-floor space, as well as an additional 3,497 square feet of unfinished second-floor storage area. The property is well-suited for a variety of uses including retail, office, restaurant, gallery, residential/multi-family, or a combination thereof. The CBD-5 Urban Core Neighborhood Lower Intensity Mixed-Use District zoning provides for a variety of residential, retail, office, gallery, and mixed-use opportunities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$996.3K
NOI $89,665 @ 9.00% cap · cautious / downside scenario
Moderate
$1.28M
NOI $89,665 @ 7.00% cap · market / base-case scenario
Aggressive
$1.79M
NOI $89,665 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.7k | $22.80 |
| − Vacancy | −$19.1k | −$3.15 |
| EGI | $119.6k | $19.65 |
| − OpEx | −$29.9k | −$4.91 |
| NOI | $89.7k | $14.74 |
6,083 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,665 @ 7.0% cap · market cap 5.43%
Second Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,843 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,227 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Carmo
Restaurant
Slow Fish 2016
Restaurant
L'Entrepot
Department Store
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0698
- Latitude
- 29.9456
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Multi-use building in the vibrant Warehouse Arts District.
Where is this retail space located?
The property is located at 527 Julia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location in the vibrant Julia Street corridor of the New Orleans Warehouse Arts District.; Substantial 6,083 SF of finished retail/office space, ideal for immediate use.; Significant additional 4,126 SF of second‑floor space with potential for reimagining and development.
