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 Market370
Property Features for 5808 MAGAZINE Street
General Information
Standard status
Active
Size
3,585 SF
Site & Location
Neighborhood
West Riverside
Building Details
Building Size
3,585 SF
Year Built
2021
Stories
3
Listing Agency:
Talbot Realty Group
Listed By:
Gabriel Massey
(504) 421-5282
Source:
Talbot-realty
Added: Oct 22, 2025
Changed: Oct 25
Last Checked: Oct 24 at 1:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$43,558
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
