Three-Story Mixed-Use
For Sale
$1,395,000
5808 MAGAZINE Street, New Orleans, LA 70115
Newly built three-story mixed-use building with retail on ground and second floors and a residential penthouse above.
Property Size3,585 SF
Days on Market324
Property Features for 5808 MAGAZINE Street
General Information
Standard status
Active
Size
3,585 SF
Building Details
Building Size
3,585 SF
Year Built
2021
Stories
3
Listing Agency:
Talbot Realty Group
Listed By:
Gabriel Massey
(540) 421-5282
Source:
Talbot-realty
Added: Oct 22, 2025
Changed: Sep 6
Last Checked: Sep 10 at 5:12AM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
5808 Magazine Street is a newly built three-story mixed-use property designed with commercial space on the ground and second floors and a residential penthouse on the third level. The layout supports flexible uses for the lower floors, with retail/restaurant potential, while the upper floor provides a dedicated high-end residential component.
Located on one of New Orleans’ highest-visibility commercial corridors, the property sits between Nashville Avenue and State Street. The surrounding area is noted for best-in-class neighborhood retailers, including SABA, AVO, Bistro Daisy, and Whole Foods.
For an owner-occupant, investor, or operator, the combination of street-level retail/restaurant space and a third-floor penthouse configuration offers a single-building platform for multiple revenue and lifestyle components.
Located on one of New Orleans’ highest-visibility commercial corridors, the property sits between Nashville Avenue and State Street. The surrounding area is noted for best-in-class neighborhood retailers, including SABA, AVO, Bistro Daisy, and Whole Foods.
For an owner-occupant, investor, or operator, the combination of street-level retail/restaurant space and a third-floor penthouse configuration offers a single-building platform for multiple revenue and lifestyle components.
Key Highlights
- Newly built 3‑story mixed‑use property (Year built: 2021) with retail on the ground and second floors plus a residential penthouse
- HU‑B1 zoning and off‑street parking
- Guest facilities: 3
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
$43,558
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
3.12%
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%
$871,160
$871.2K
Cap Rate 7%
$622,257
$622.3K
Cap Rate 9%
$483,978
$484.0K
Market Conditions
NOI Build-Up for 3,585 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
$77.4K $21.60/SF
− Vacancy
−$7.7K −$2.16/SF
EGI
$69.7K $19.44/SF
− OpEx
−$26.1K −$7.29/SF
NOI
$43.6K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$871,160
Cap Rate 7%
$622,257
Cap Rate 9%
$483,978
Alternative Uses
Best Use
Mixed Use
$622.3K
$544.5K – $726.0K
NOI $43,558 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$446.9K
$391.0K – $521.4K
NOI $31,282 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$945.8K
$827.6K – $1.10M
NOI $66,208 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Dining 18%
Shops & Services 16%
Beauty & Spa 4%
Whole Foods Market
Groceries
35,673 visits/mo
0.2 miles
Winn-Dixie
Groceries
27,134 visits/mo
0.5 miles
Shell
Shops & Services
11,566 visits/mo
0.4 miles
Starbucks
Dining
7,234 visits/mo
0.1 miles
Wendy's
Dining
5,390 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly built three-story mixed-use building with retail on ground and second floors and a residential penthouse above.
Where is this mixed-use property located?
The property is located at 5808 MAGAZINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Newly built 3‑story mixed‑use property (Year built: 2021) with retail on the ground and second floors plus a residential penthouse; HU‑B1 zoning and off‑street parking; Guest facilities: 3
