Fenced Flex Space with
For Sale
$275,000
6110 Saint Claude Ave, New Orleans, LA 70117
Secured commercial property with warehouse functionality, a separate living unit, and flexible HU-MU zoning.
Property Size735 SF
Lot Size0.12 Acres
Price / SF$374.15
Days on Market239
Property Features for 6110 Saint Claude Ave
General Information
Standard status
Active
Size
735 SF
Lot size
0.12 Acres
Zoning
HU-MU
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
2,840 SF
Additional Details
Fenced Yard
Yes
Listing Agency:
Corporate Realty Realty Leasing Company, Inc.
(504) 581-5005
Listed By:
Sydney Anderson · License #995682176
(504) 236-7507
Source:
Exprealty
Added: Feb 18
Changed: Oct 11
Last Checked: Oct 13 at 12:45AM
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 Corporate Realty Realty Leasing Company, Inc.
Investment Insights
Based on property information with market context.
This flex-space property combines a 2,840-square-foot warehouse building with an attached 735-square-foot, one-bedroom residential unit, creating 3,575 square feet of total warehouse and residential space. The main structure offers an open layout, 14-foot ceilings, two storage areas, a bathroom, and a roll-up door. The rear unit has a separate entrance, an open living and kitchen area, and natural light.
The 42-by-120-foot parcel is fully fenced and includes a gated, paved driveway extending along the site with parking for multiple vehicles. A grassy area occupies the rear portion of the lot. Located at 6110 Saint Claude Ave in New Orleans’ Holy Cross neighborhood, the property is zoned HU-MU and has operated as a general contractor workshop since 2014.
The 42-by-120-foot parcel is fully fenced and includes a gated, paved driveway extending along the site with parking for multiple vehicles. A grassy area occupies the rear portion of the lot. Located at 6110 Saint Claude Ave in New Orleans’ Holy Cross neighborhood, the property is zoned HU-MU and has operated as a general contractor workshop since 2014.
Key Highlights
- 2,840‑square‑foot main warehouse with 14‑foot ceilings and roll‑up door
- Attached 735‑square‑foot, one‑bedroom unit with private entrance
- 3,575 square feet of combined warehouse and residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,834
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,680
$216.7K
Cap Rate 7%
$154,771
$154.8K
Cap Rate 9%
$120,378
$120.4K
Market Conditions
NOI Build-Up for 735 SF
Gross rent
$16.8K $22.80/SF
− Vacancy
−$2.3K −$3.15/SF
EGI
$14.4K $19.65/SF
− OpEx
−$3.6K −$4.91/SF
NOI
$10.8K $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%
$216,680
Cap Rate 7%
$154,771
Cap Rate 9%
$120,378
Alternative Uses
Best Use
Office B
$154.8K
$135.4K – $180.6K
NOI $10,834 @ 7.0% cap · market cap 3.94%
Second Best
Mixed Use
$141.8K
$124.0K – $165.4K
NOI $9,923 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$186.8K
$163.5K – $218.0K
NOI $13,077 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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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?
Flex space - Secured commercial property with warehouse functionality, a separate living unit, and flexible HU-MU zoning.
Where is this flex space located?
The property is located at 6110 Saint Claude Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,840‑square‑foot main warehouse with 14‑foot ceilings and roll‑up door; Attached 735‑square‑foot, one‑bedroom unit with private entrance; 3,575 square feet of combined warehouse and residential space
