Historic Mixed-Use
For Sale
Contact for pricing
717 Camp St, New Orleans, LA 70130
Historic 13,622 SF mixed-use building in New Orleans.
Property Size13,622 SF
Lot Size0.09 Acres
Price / SF$201.88
Days on Market206
Property Features for 717 Camp St
General Information
Standard status
Active
Size
13,622 SF
Lot size
0.09 Acres
Property subtype
Mixed Use, Office
Zoning
CBD-5
Listing Agency:
The McEnery Company
(504) 274-2701
Listed By:
Parke McEnery · License #LA
Source:
Crexi
Added: Jan 28
Changed: Aug 14
Last Checked: Aug 21 at 9:01AM
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 The McEnery Company
Investment Insights
Based on property information with market context.
This historic building, dating back to 1844, offers an opportunity to own a piece of New Orleans history in the Warehouse District. The property spans 13,622 square feet across four levels, combining architectural details with modern renovations. Situated on a 27 x 149-foot lot, the building features millwork, plaster details, and hardwood floors. Floor-to-ceiling windows provide natural light and open to private balconies with wrought-iron railings. The staircase and ceilings (up to 14 feet on the second floor) highlight the building’s scale. A private rooftop terrace offers views of the St. Charles Avenue parade route and the city skyline. The property includes six bedrooms/offices, three full bathrooms, and one half-bath across the upper three floors. The first floor is currently leased on a month-to-month basis, while the owner occupies the upper levels. With zoning classified as CBD-5, this building offers the flexibility for residential, office, or retail conversions, making it a candidate for mixed-use development. Designed with entertaining in mind, the building features a double parlor, a large kitchen, and a ballroom. Situated near dining, art galleries, and shops, this property presents an opportunity to live, work, or invest in New Orleans.
Key Highlights
- Historic 1844 building in the Warehouse District, offering a unique piece of New Orleans history.
- Versatile CBD‑5 zoning allows for residential, office, or retail conversions, ideal for mixed‑use development.
- 13,622 sq ft of space across four levels, featuring six bedrooms/offices and multiple bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$183,897
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,677,940
$3.7M
Cap Rate 7%
$2,627,100
$2.6M
Cap Rate 9%
$2,043,300
$2.0M
Market Conditions
NOI Build-Up for 13,622 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$326.9K $24.00/SF
− Vacancy
−$32.7K −$2.40/SF
EGI
$294.2K $21.60/SF
− OpEx
−$110.3K −$8.10/SF
NOI
$183.9K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,677,940
Cap Rate 7%
$2,627,100
Cap Rate 9%
$2,043,300
Alternative Uses
Best Use
Mixed Use
$2.63M
$2.30M – $3.06M
NOI $183,897 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,358 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic 13,622 SF mixed-use building in New Orleans.
Where is this mixed-use property located?
The property is located at 717 Camp St New Orleans, LA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Historic 1844 building in the Warehouse District, offering a unique piece of New Orleans history.; Versatile CBD‑5 zoning allows for residential, office, or retail conversions, ideal for mixed‑use development.; 13,622 sq ft of space across four levels, featuring six bedrooms/offices and multiple bathrooms.
