Mixed-Use Property with Retail
New
For Sale
$2,789,000
618 JULIA Street, New Orleans, LA 70130
Commercial Sale, New Orleans, LA
Property Size6,817 SF
Price / SF$409.12
Days on Market4
Property Features for 618 JULIA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Between Camp and St. Charles Ave. Julia St is a one way heading away from River
Standard status
Active
APN
620JuliaSt
Size
6,817 SF
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Description
Sq 181, Lot 6 or 35, Julia 26'3" x 105'
Legal Description
Sq 181, Lot 6 or 35, Julia 26'3" x 105'
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1832
Floors in Building
4
Building materials
Brick, Frame
Roof type
Shingle
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2582329
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1832 and restored in 2025, this mixed-use property brings residential and commercial spaces together in a historic building. The main residence spans approximately 3,672 square feet and includes four bedrooms, three full baths, and one half bath. A first-floor retail or gallery space measures approximately 1,212 square feet. Two additional apartments include a 1,241-square-foot, two-bedroom residence with one full and one half bath, and a separate three-bedroom, one-bath residence. A central courtyard provides outdoor space within the property.
The building is in New Orleans’ CBD Arts District, along Julia Street’s gallery corridor. CBD 5 zoning supports residential, commercial, and retail uses, subject to applicable approvals. Central heating and central air serve the property; public water and sewer are available, along with natural gas service.
The building is in New Orleans’ CBD Arts District, along Julia Street’s gallery corridor. CBD 5 zoning supports residential, commercial, and retail uses, subject to applicable approvals. Central heating and central air serve the property; public water and sewer are available, along with natural gas service.
Key Highlights
- Built in 1832; restored in 2025
- Approximately 6,817 square feet of property
- Main residence: approximately 3,672 square feet, four bedrooms, three full baths, and one half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,030
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,600
$1.8M
Cap Rate 7%
$1,314,714
$1.3M
Cap Rate 9%
$1,022,556
$1.0M
Market Conditions
NOI Build-Up for 6,817 SF
Gross rent
$163.6K $24.00/SF
− Vacancy
−$16.4K −$2.40/SF
EGI
$147.2K $21.60/SF
− OpEx
−$55.2K −$8.10/SF
NOI
$92.0K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,600
Cap Rate 7%
$1,314,714
Cap Rate 9%
$1,022,556
Alternative Uses
Best Use
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $92,030 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,176 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,286 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
450k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Groceries 11%
Dining 7%
Shops & Services 7%
Rouses Market
Groceries
49,050 visits/mo
0.2 miles
New Orleans Marriott Warehouse Arts District
Hotels & Casinos
29,429 visits/mo
0.4 miles
Exxon
Shops & Services
24,253 visits/mo
0.3 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.5 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2025 restoration combines a private residence, two apartments, ground-floor retail space, and a central courtyard.
Where is this mixed-use property located?
The property is located at 618 JULIA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,789,000.
What are key features of this property?
This property features: Built in 1832; restored in 2025; Approximately 6,817 square feet of property; Main residence: approximately 3,672 square feet, four bedrooms, three full baths, and one half bath
