Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    626 Royal St New Orleans, LA 70130

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail suites available for lease on Royal Street.

    Property size:
    2,586 SF
    Lot size:
    0.09 Acres

    Property Features for 626 Royal St

    General Information

    Size
    2,586 SF
    Lot size
    0.09 Acres

    We can help!

    Listing Contact
    Sydney Anderson
    Source: Moodyscre

    Listing Agent: Sydney Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Suites on Royal Street

    The property features retail suites. The first floor includes three retail suites, two of which can be leased separately or combined for a total of 1,258 square feet. The second floor, accessible via a stairway from the courtyard, offers spaces that can be combined into a single commercial suite or renovated into apartments. The property has a size of 724 square feet and is located on Royal Street in New Orleans, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rachel's New Orleans Hair Salon The Soap Tree (Bike/Boat/Book/etc) Store Savons dans le ... (Bike/Boat/Book/etc) Store Soap Stories Department Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Daycare Center Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0649574
    Latitude
    29.9576613

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      1,700 SF

      River Bend Commercial Space

      Versatile space in Uptown New Orleans near streetcar line.
      724 Dublin St, New Orleans, LA 70118
      View Details
    • New
      $250 SF/Yr
      100 SF

      Renovated Salon Suites with Utilities

      Six renovated salon suites available for weekly rent with utilities.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $250 SF/Yr
      100 SF

      Salon Suite Rental Available

      Renovated salon suites with shampoo bowls available for rent.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $250 SF/Yr
      100 SF

      Renovated Suites in New Orleans

      Six renovated suites available for rent in New Orleans.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $250 SF/Yr
      100 SF

      Renovated Suites in Popular Salon

      Renovated suites with shampoo bowls available for weekly rental.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $250 SF/Yr
      100 SF

      Renovated Salon Suites Available

      Renovated salon suites with shampoo bowls available for rent.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $250 SF/Yr
      100 SF

      Renovated Salon Suites For Rent

      Newly renovated salon suites with utilities included, available weekly.
      3024 Gentilly Blvd, New Orleans, LA 70122
      View Details
    • New
      $4,000 /Mo
      1,200 SF

      Unique Corner Retail Space Available

      Corner retail space in the heart of New Orleans.
      2128 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • New
      $2,000 /Mo
      2,500 SF

      Equipped Kitchen Space For Lease

      Ready-to-use kitchen for catering, take-out, delivery, or food production.
      8009 Downman Rd, New Orleans, LA 70126
      View Details
    • New
      $4,500 /Mo
      2,266 SF

      Furnished Building in Algiers Point

      Spacious, furnished building with multipurpose room and conference rooms.
      627 Opelousas Ave, New Orleans, LA 70114
      View Details
    • $3,000 /Mo
      1,900 SF

      Magazine Street Retail Space

      Charming retail space on vibrant Magazine Street, New Orleans.
      5715 Magazine St, New Orleans, LA 70115
      View Details
    • $2,500 /Mo
      3,850 SF

      Equipped Restaurant Space, New Orleans

      Restaurant space for lease, available May 1, 2026.
      8009 Downman Rd, New Orleans, LA 70125
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail suites available for lease on Royal Street.
    Where is this retail space located?
    The property is located at 626 Royal St New Orleans, LA.
    What are key features of this property?
    This property features: - First floor features three retail suites.; - Two retail suites can be leased separately or combined for 1,258 sf.; - Second floor accessed via courtyard stairway.
    (504) 236-7507 Call to check price and availability
    Request Owner's contact information
    626 Royal St New Orleans, LA 70130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    626 Royal St
    New Orleans, LA 70130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    626 Royal St New Orleans, LA 70130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sydney Anderson
    (504) 236-7507 (504) 581-5005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!