Three-Story Mixed-Use
5808 MAGAZINE Street New Orleans, LA 70115
For Sale
$1,395,000
Newly built three-story mixed-use building with retail on ground and second floors and a residential penthouse above.
Property Size3,585 SF
Price / SF$389.12
Days on Market299
Property Features for 5808 MAGAZINE Street
General Information
- Standard status
- Active
- Size
- 3,585 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2021
Listing Agency:
Talbot Realty Group
(504) 421-5282
Listed By:
Gabe Massey
(504) 421-5282
Source:
Xome
Added: Sep 28, 2025
Changed: Jul 23
Last Checked: Jul 23 at 9:22AM
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 For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $21.60 |
| − Vacancy | −$7.7k | −$2.16 |
| EGI | $69.7k | $19.44 |
| − OpEx | −$26.1k | −$7.29 |
| NOI | $43.6k | $12.15 |
3,585 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Main Squeeze Juice ...
Specialty Food Shop
FAQs
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
