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    Medical Office Building For Rent Title is generated by Realmo AI

    707-2633 Napoleon Ave, New Orleans, LA 70115

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    For Lease
    $9,847/Mo $25 SF/Yr (calc)

    Class-A medical office building near Ochsner Baptist in Uptown New Orleans.

    Property size:
    4,727 SF
    Added:
    Aug 6, 2025
    Days on Market:
    291
    Last Refresh:
    May 19 at 11:16 pm

    Property Features for 707-2633 Napoleon Ave

    General Information

    Standard status
    Active
    Size
    4,727 SF

    We can help!

    Listing Contact
    Matthew Eaton

    Listing agent Matthew Eaton License #000072493

    Listing office Southeast Commercial of MS, LLC

    Listing date Aug 6, 2025

    Source Exprealty

    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 Southeast Commercial of MS, LLC

    HighLights

    • Class‑A medical office building directly across from Ochsner Baptist Hospital
    • Recently renovated lobbies and interior spaces on each floor
    • Ample parking with 129 surface spaces and 79 covered spaces
    • Onsite management
    • Ideal for a wide range of medical specialties (dentistry, surgery, etc.)
    • Easy access across the city via South Claiborne Avenue (US‑90)

    Overview

    The Napoleon Medical Building is a Class-A office building and outpatient medical facility. It is located across the street from Ochsner Baptist in Uptown New Orleans. The building recently underwent a complete redesign of the front drive area. A new cafe/sundry shop is set to open soon. Each floor’s lobby and interior spaces have undergone full renovation, including modernization of the elevator lobbies. The property features onsite management and easy access across the city via South Claiborne Avenue (US-90). There are 129 surface parking spaces and 79 covered spaces. These spaces are suitable for medical office services including dentistry, plastic surgery, cardiology, physical therapy, internal medicine, dermatology, orthopedics, and hearing clinics. The available space is 4,727 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • Magazine Street Animal Clinic — 3969 Tchoupitoulas St, New Orleans, LA 70115
    • Humane Society of New Orleans — 831 Bordeaux St, New Orleans, LA 70115
    • Saacks III Antoine DVM — 831 Bordeaux St, New Orleans, LA 70115
    • Dog Day Afternoon — 831 Bordeaux St, New Orleans, LA 70115
    • East Riverside Veterinary Hospital — 3969 Tchoupitoulas St, New Orleans, LA 70115

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1010228
    Latitude
    29.9190322

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    FAQs

    What type of property is this?
    Medical Office Space - Class-A medical office building near Ochsner Baptist in Uptown New Orleans.
    Where is this medical office space located?
    The property is located at 707-2633 Napoleon Ave New Orleans, LA.
    What is the lease rate?
    The lease rate is $9,847 /Mo.
    What are key features of this property?
    This property features: Class‑A medical office building directly across from Ochsner Baptist Hospital; Recently renovated lobbies and interior spaces on each floor; Ample parking with 129 surface spaces and 79 covered spaces
    (504) 339-2136
    We can help!
    Listing Contact
    Matthew Eaton
    Real Estate License ID: 000072493
    Learn More
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    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.

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