Enclosed Private Parking Office
747 Magazine Street Unit 5 New Orleans, LA 70130
747 Magazine Street Unit 5, New Orleans, LA, 70130
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For Sale
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Office unit with high ceilings, natural light, and access to enclosed shared parking with reserved spaces.
Property Size2,500 SF
Price / SF$440
Days on Market44
Property Features for 747 Magazine Street Unit 5
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1867
Listing agency
Saurage Rotenberg Commercial Real Estate
(225) 766-0000
Listed by
Jack Herrington, CCIM · License #LA SALE.0995693154-ACT
Source
Crexi
Added: Jun 9 Updated: Jul 20 at 6:17PM Checked: Jul 21 at 3:12AM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
747 Magazine Street offers an office unit designed for flexibility, with a gracious entrance, refined entry finishes, and high ceilings. The floor plan is set to take advantage of natural light, supporting a comfortable work environment.
A key feature is the enclosed, shared private parking area, with reserved spaces available for occupants. The property is presented as a well-managed office setting with tenant amenities in place.
Structural quality is described as supporting a range of contemporary, traditional, and creative office layouts, allowing for tenant-specific buildout decisions within the existing configuration.
A key feature is the enclosed, shared private parking area, with reserved spaces available for occupants. The property is presented as a well-managed office setting with tenant amenities in place.
Structural quality is described as supporting a range of contemporary, traditional, and creative office layouts, allowing for tenant-specific buildout decisions within the existing configuration.
Key Highlights
- Year built: 1867
- Office space with high ceilings and natural light
- Floor plan is designed to support a variety of office layouts
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 | $57.0k | $22.80 |
| − Vacancy | −$7.9k | −$3.15 |
| EGI | $49.1k | $19.65 |
| − OpEx | −$12.3k | −$4.91 |
| NOI | $36.9k | $14.74 |
2,500 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.4K
$460.6K – $614.2K
NOI $36,851 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dukes of Dixie Land
Music Venue
Rodrigue Steinway
Tutoring Service
Talbot Realty Group
Real Estate Agency
George Rodrigue Foundation ...
Charitable Organization
Joseph Shine, PT
Physician
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FAQs
What type of property is this?
Office units - Office unit with high ceilings, natural light, and access to enclosed shared parking with reserved spaces.
Where is this office units located?
The property is located at 747 Magazine Street Unit 5 New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Year built: 1867; Office space with high ceilings and natural light; Floor plan is designed to support a variety of office layouts
