Open-Plan Retail
For Sale
$748,900
628 Baronne St, New Orleans, LA 70113
Commercial condominium with exposed brick, high ceilings, rear support space, and alley access.
Property Size3,468 SF
Price / SF$215.95
Days on Market520
Property Features for 628 Baronne St
General Information
Standard status
Active
Size
3,468 SF
Property subtype
Retail
Zoning
CBD-5
Site & Location
Neighborhood
Central City
Frontage
45 ft
Amenities
exposed brick
high ceilings
track lighting
private office
restroom
rear storage/back-of-house area
alley access
Building Details
Year Built
1900
Listing Agency:
Talbot Realty Group
Listed By:
Chris Talbot · License #0000075986
(504) 319-1452
Source:
Lacdb.resimplifi
Added: May 22, 2025
Changed: Oct 19
Last Checked: Oct 23 at 3:18AM
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 Talbot Realty Group
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Investment Insights
Based on property information with market context.
Unit C-1 is a 3,468-square-foot commercial condominium with an open, adaptable interior suited to retail, restaurant, gallery, or creative office use. The space includes exposed brick, high ceilings, track lighting, a private office, a restroom, and rear storage and back-of-house areas. Built in 1900, the property is zoned CBD-5 and offers 45 feet of frontage along Baronne Street.
Alley access supports deliveries and rear-of-house operations. The property is located in New Orleans’ Warehouse District near the South Market District, Lafayette Square, Emeril’s flagship restaurant, and the Virgin Hotel. It is also minutes from I-10, the Central Business District, and the French Quarter.
Alley access supports deliveries and rear-of-house operations. The property is located in New Orleans’ Warehouse District near the South Market District, Lafayette Square, Emeril’s flagship restaurant, and the Virgin Hotel. It is also minutes from I-10, the Central Business District, and the French Quarter.
Key Highlights
- 3,468 SF commercial condominium with an open, flexible layout
- 45 feet of street frontage on Baronne Street
- Exposed brick, high ceilings, and track lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,119
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,380
$1.0M
Cap Rate 7%
$730,271
$730.3K
Cap Rate 9%
$567,989
$568.0K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$79.1K $22.80/SF
− Vacancy
−$10.9K −$3.15/SF
EGI
$68.2K $19.65/SF
− OpEx
−$17.0K −$4.91/SF
NOI
$51.1K $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%
$1,022,380
Cap Rate 7%
$730,271
Cap Rate 9%
$567,989
Alternative Uses
Best Use
Office B
$730.3K
$639.0K – $852.0K
NOI $51,119 @ 7.0% cap · market cap 6.83%
Second Best
Retail
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,702 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
10,907
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - Commercial condominium with exposed brick, high ceilings, rear support space, and alley access.
Where is this retail space located?
The property is located at 628 Baronne St New Orleans, LA.
What is the asking price?
The asking price for this property is $748,900.
What are key features of this property?
This property features: 3,468 SF commercial condominium with an open, flexible layout; 45 feet of street frontage on Baronne Street; Exposed brick, high ceilings, and track lighting
