High-Visibility Corner Mixed-Use
718 N BROAD Street New Orleans, LA 70119
For Sale
$750,000
Mixed-use property with frontage, warehouse, and parking.
Property Size1,736 SF
Lot Size0.27 Acres
Price / SF$432.03
Days on Market517
Property Features for 718 N BROAD Street
General Information
Standard status
Active
Size
1,736 SF
Lot size
0.27 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1920
Listing Agency:
eXp Realty, LLC
(504) 655-2233
Listed By:
Mark Boline · License #099562189
(504) 655-2233
Source:
Exitrealty
Added: Feb 26, 2025
Changed: Jul 6
Last Checked: Jul 28 at 6:00AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located at the corner of Broad Street and Orleans Street, this mixed-use property offers high visibility and traffic. The property consists of four parcels zoned for Mixed Use Medium Density, featuring 248 feet of frontage and a total area of 11,760 square feet. Improvements include a camelback double in good condition, metal fencing, a pavilion-style iron-frame warehouse, and substantial parking. The double has two private bedrooms upstairs, with the main floor configured as shotgun-style offices, living, dining, kitchens, baths, and laundry. The property also includes income-producing billboards, which can be retained or removed. The property size is 1,736 square feet.
Key Highlights
- High‑visibility corner location at Broad Street and Orleans Street
- Mixed‑use zoning with medium density allowance
- Significant frontage (248 feet) and total area (11,760 ft2)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $24.00 |
| − Vacancy | −$7.3k | −$4.20 |
| EGI | $34.4k | $19.80 |
| − OpEx | −$8.6k | −$4.95 |
| NOI | $25.8k | $14.85 |
1,736 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$327.4K
$286.4K – $381.9K
NOI $22,915 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,798 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with frontage, warehouse, and parking.
Where is this mixed-use property located?
The property is located at 718 N BROAD Street New Orleans, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑visibility corner location at Broad Street and Orleans Street; Mixed‑use zoning with medium density allowance; Significant frontage (248 feet) and total area (11,760 ft2)
