Warehouse District Multi-Use
For Sale
$1,550,000
527 Julia Street, New Orleans, LA 70130
Multi-use building in the vibrant Warehouse Arts District.
Property Size6,083 SF
Price / SF$254.81
Days on Market320
Property Features for 527 Julia Street
General Information
Standard status
Active
Size
6,083 SF
Property subtype
Retail
Building Details
Building Size
6,083 SF
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Rich Stone, CCIM
(504) 569-9319
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Sep 7
Last Checked: Oct 5 at 3:27PM
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 NAI Rampart Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,665
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,793,300
$1.8M
Cap Rate 7%
$1,280,929
$1.3M
Cap Rate 9%
$996,278
$996.3K
Market Conditions
NOI Build-Up for 6,083 SF
Gross rent
$138.7K $22.80/SF
− Vacancy
−$19.1K −$3.15/SF
EGI
$119.6K $19.65/SF
− OpEx
−$29.9K −$4.91/SF
NOI
$89.7K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,793,300
Cap Rate 7%
$1,280,929
Cap Rate 9%
$996,278
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,665 @ 7.0% cap · market cap 5.78%
Second Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,843 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,227 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
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 $1,550,000.
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.
