Two-Building Mixed-Use
For Sale
Contact for pricing
619 Carondelet St, New Orleans, LA 70113
Interconnected buildings combine an auditorium with open floor area across two levels.
Property Size26,700 SF
Price / SF$0.00
Days on Market288
Property Features for 619 Carondelet St
General Information
Standard status
Active
Size
26,700 SF
Property subtype
Retail
Zoning
CBD-5
Lease Type
NNN
Additional Details
Public Transit
Yes
Amenities
Vacant
Building Details
Buildings
2
Listing Agency:
Stirling New Orleans
Listed By:
Carly Plotkin · License #0995691437
(504) 620-8120
Source:
Lacdb.resimplifi
Added: Jan 1
Changed: Oct 2
Last Checked: Oct 16 at 5:42AM
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 Stirling New Orleans
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two connected buildings with 26,700 SF distributed across two floors. The primary temple building includes an auditorium on the upper level and an open-plan area on the floor below, creating a flexible physical configuration for commercial occupancy or redevelopment.
The property is located in New Orleans’ Warehouse and Arts District, along the St. Charles Avenue streetcar line. It sits across from The Barnett Hotel and two blocks from the South Market District. The site is also within walking distance of the French Quarter, downtown hotels, museums, galleries, restaurants, entertainment venues, Caesars Superdome, Smoothie King Arena, Caesars Hotel & Casino, and the Ernest N. Morial Convention Center. Zoning is CBD-5.
The property is located in New Orleans’ Warehouse and Arts District, along the St. Charles Avenue streetcar line. It sits across from The Barnett Hotel and two blocks from the South Market District. The site is also within walking distance of the French Quarter, downtown hotels, museums, galleries, restaurants, entertainment venues, Caesars Superdome, Smoothie King Arena, Caesars Hotel & Casino, and the Ernest N. Morial Convention Center. Zoning is CBD-5.
Key Highlights
- 26,700 SF across two interconnected buildings and two floors
- Upper‑level auditorium in the primary temple building
- Open‑plan area on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,692
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,593,840
$6.6M
Cap Rate 7%
$4,709,886
$4.7M
Cap Rate 9%
$3,663,244
$3.7M
Market Conditions
NOI Build-Up for 26,700 SF
Gross rent
$480.6K $18.00/SF
− Vacancy
−$9.6K −$0.36/SF
EGI
$471.0K $17.64/SF
− OpEx
−$141.3K −$5.29/SF
NOI
$329.7K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,593,840
Cap Rate 7%
$4,709,886
Cap Rate 9%
$3,663,244
Alternative Uses
Best Use
Mixed Use
$5.15M
$4.51M – $6.01M
NOI $360,450 @ 7.0% cap · market cap 3,003,750.00%
Second Best
Retail
$4.71M
$4.12M – $5.49M
NOI $329,692 @ 7.0% cap · market cap 2,747,433.33%
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M
NOI $475,038 @ 7.0% cap · market cap 3,958,650.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,907
Businesses Nearby
410k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 67%
Groceries 12%
Dining 9%
Shops & Services 8%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.5 miles
Rouses Market
Groceries
49,050 visits/mo
0.1 miles
Exxon
Shops & Services
24,253 visits/mo
0.4 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.3 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.4 miles
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Interconnected buildings combine an auditorium with open floor area across two levels.
Where is this mixed-use property located?
The property is located at 619 Carondelet St New Orleans, LA.
What are key features of this property?
This property features: 26,700 SF across two interconnected buildings and two floors; Upper‑level auditorium in the primary temple building; Open‑plan area on the first floor
