Two-Story Storefront
For Sale
$1,995,000
622 Frenchmen Street, New Orleans, LA 70116
Ground-floor retail space within New Orleans’ HMC-1 commercial district, adjacent to established Frenchmen Street music venues.
Property Size5,417 SF
Lot Size0.07 Acres
Price / SF$368.29
Days on Market136
Property Features for 622 Frenchmen Street
General Information
Standard status
Active
Size
5,417 SF
Lot size
0.07 Acres
Property subtype
Retail
Zoning
HMC-1
Building Details
Stories
2
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Reed Wiley · License ##BROK.995704349-ASA
(504) 236-7816
Source:
Lacdb.resimplifi
Added: May 31
Changed: Oct 2
Last Checked: Oct 12 at 4:45PM
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 NAI Rampart Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
This two-story storefront property contains approximately 5,417 SF of improvements on an approximately 3,248 SF parcel. Retail space occupies the ground floor, providing a commercial presence along Frenchmen Street in New Orleans.
The property is situated between D.B.A. and Snug Harbor Jazz Bistro within the Frenchmen Street entertainment district. It carries HMC-1 zoning, the Historic Marigny/Tremé/Bywater Commercial District designation. The sale is offered in “as is, where is” condition, with measurements, zoning, overlays, and intended use subject to purchaser verification.
The property is situated between D.B.A. and Snug Harbor Jazz Bistro within the Frenchmen Street entertainment district. It carries HMC-1 zoning, the Historic Marigny/Tremé/Bywater Commercial District designation. The sale is offered in “as is, where is” condition, with measurements, zoning, overlays, and intended use subject to purchaser verification.
Key Highlights
- Approximately 5,417 SF of improvements
- Approximately 3,248 SF parcel
- Two‑story building with ground‑floor retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,889
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,780
$1.3M
Cap Rate 7%
$955,557
$955.6K
Cap Rate 9%
$743,211
$743.2K
Market Conditions
NOI Build-Up for 5,417 SF
Gross rent
$97.5K $18.00/SF
− Vacancy
−$2.0K −$0.36/SF
EGI
$95.6K $17.64/SF
− OpEx
−$28.7K −$5.29/SF
NOI
$66.9K $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%
$1,337,780
Cap Rate 7%
$955,557
Cap Rate 9%
$743,211
Alternative Uses
Best Use
Retail
$955.6K
$836.1K – $1.11M
NOI $66,889 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,378 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,452
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Hotels & Casinos 27%
Starbucks
Dining
12,255 visits/mo
0.3 miles
Hampton Inn New Orleans French Quarter Market Area
Hotels & Casinos
9,002 visits/mo
0.1 miles
CC's Coffee House
Dining
8,554 visits/mo
0.4 miles
Rally's
Dining
3,101 visits/mo
0.5 miles
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail space within New Orleans’ HMC-1 commercial district, adjacent to established Frenchmen Street music venues.
Where is this storefront property located?
The property is located at 622 Frenchmen Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Approximately 5,417 SF of improvements; Approximately 3,248 SF parcel; Two‑story building with ground‑floor retail
