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 Market264
Property Features for 527 Julia Street
General Information
Standard status
Active
Size
6,083 SF
Property subtype
Retail
Listing Agency:
(504) 569-9319
Listed By:
Rich Stone, CCIM
(504) 569-9319
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 12 at 4:55AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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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.
