Uptown Commercial Building For
731 Nashville Ave New Orleans, LA 70115
731 Nashville Ave, New Orleans, LA, 70115
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For Sale
Contact for pricing
Free-standing commercial building near Magazine Street and Nashville Avenue.
Property Size2,474 SF
Price / SF$282.94
Days on Market1010
Property Features for 731 Nashville Ave
General Information
- Standard status
- Active
- Size
- 2,474 SF
- Property subtype
- Retail, Office
Listing Agency
Stirling
Listed by
Lauren Ryan · License #LA 0995687525
Source
Crexi
Added: Oct 12, 2023 Checked: Jul 17 at 5:54 am
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 Stirling
Investment Insights
Based on property information with market context.
This free-standing commercial building is located one lot from the intersection of Magazine Street and Nashville Avenue in Uptown. The property includes two off-street parking spaces and a backyard, offering the potential for building expansion. A portion of the attic has been finished, providing additional space not included in the listed square footage. The property is zoned HU-B1, which allows for multiple uses. The building has a size of 2474 square feet.
Key Highlights
- Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.
- HU‑B1 zoning allows for multiple uses.
- Free‑standing commercial building.
Local 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 | $43.9k | $17.76 |
| − Vacancy | −$5.1k | −$2.08 |
| EGI | $38.8k | $15.68 |
| − OpEx | −$9.7k | −$3.92 |
| NOI | $29.1k | $11.76 |
2,474 SF · lease $17.76/SF/yr · vacancy 11.72% · expense 25.00%
Alternative Uses
Best Use
Office B
$415.6K
$363.7K – $484.9K
NOI $29,092 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$308.4K
$269.9K – $359.8K
NOI $21,588 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,690 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Uptown Veterinary Hospital
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Free-standing commercial building near Magazine Street and Nashville Avenue.
Where is this retail property located?
The property is located at 731 Nashville Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.; HU‑B1 zoning allows for multiple uses.; Free‑standing commercial building.