Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    747 St Charles Ave New Orleans, LA 70130

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground floor retail/office space in historic Lafayette Square District.

    Type:Retail
    Property size:
    1,642 SF
    Added:
    Jan 26, 2024
    Days on Market:
    812
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 747 St Charles Ave

    General Information

    Standard status
    Active
    Size
    1,642 SF
    Property subtype
    Retail

    Spaces For Lease

    at 747 St Charles Ave Contact us

    $30 /Mo

    Size
    1,642 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Mitchell Halpern

    Listing agent Mitchell Halpern License #995714139

    Listing office Corporate Realty

    Listing date Jan 26, 2024

    Source Crexi

    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 Corporate Realty

    Overview

    St. Charles Avenue Retail/Office Space

    This 1,642 rsf ground floor space is suitable for retail or office use. The unit features an open floor plan, floor-to-ceiling windows facing the street, and clerestory windows along one side that provide natural light. The unit is in shell condition and ready for improvements. The building, located at 747 St. Charles Avenue, was recently renovated as a boutique short-term rental hotel. Situated in the heart of the Lafayette Square Historic District, the property is a few blocks from Poydras Street and has easy access from Uptown, Central Business District, and Warehouse District via the Uptown St. Charles Avenue Streetcar Line. The property is located on a tree-dotted stretch of St. Charles Avenue, on the same block as Herbsaint restaurant, and adjacent to offices, luxury condominiums, restaurants, and art galleries. Formerly the home of Swiss Confectionery Bakery, the space is located in New Orleans, LA.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Restaurant Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0707
    Latitude
    29.937

    Nearby Similar for Lease

    • Contact for pricing

      High-End Office Suite in New Orleans

      Turnkey office suite with designer finishes in Lower Garden District.
      1811 HASTINGS Place, New Orleans, LA 70130
      View Details
    • Contact for pricing

      Furnished Co-working Space in Bywater

      Furnished co-working space in historic Bywater building for lease.
      3726 SAINT CLAUDE Avenue unit: 201-2, New Orleans, LA 70117
      View Details
    • Contact for pricing

      Canal Street Office Suite

      First-floor office suite in Mid-City New Orleans for lease.
      3300 CANAL Street unit: 175, New Orleans, LA 70119
      View Details
    • Contact for pricing

      Renovated Corner Building Retail/Office Space

      Spacious ground floor unit in Uptown Arts District.
      3901 BARONNE Street, New Orleans, LA 70115
      View Details
    • Contact for pricing

      Historic Bywater Office Space Available

      Furnished office in historic building, utilities included, walkable location.
      3726 SAINT CLAUDE Avenue unit: 200, New Orleans, LA 70117
      View Details
    • Contact for pricing

      Prime Retail/Office Space in Marigny

      1,017 SF commercial space on iconic Mandeville & Royal Street.
      2330 ROYAL Street, New Orleans, LA 70117
      View Details
    • Contact for pricing

      River Bend Cottage for Lease

      Uptown New Orleans raised cottage suitable for office or retail.
      724 DUBLIN Street, New Orleans, LA 70118
      View Details
    • Contact for pricing

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street, New Orleans.
      2138 MAGAZINE Street unit: C, New Orleans, LA 70130
      View Details
    • Contact for pricing

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street in New Orleans.
      2138 MAGAZINE Street unit: B, New Orleans, LA 70130
      View Details
    • Contact for pricing

      Spacious Mid-City Office Suite

      Versatile office space with prime location and flexible layout.
      3300 CANAL Street unit: 200, New Orleans, LA 70119
      View Details
    • Contact for pricing

      Furnished Bywater Office/Co-working Space

      Renovated office space in historic Bywater building.
      3726 SAINT CLAUDE Avenue, New Orleans, LA 70117
      View Details
    • Contact for pricing

      Furnished Building in Algiers Point

      Spacious, furnished building with multipurpose room and conference rooms.
      627 OPELOUSAS Avenue, New Orleans, LA 70114
      View Details

    FAQs

    What type of property is this?
    Retail space - Ground floor retail/office space in historic Lafayette Square District.
    Where is this retail space located?
    The property is located at 747 St Charles Ave New Orleans, LA.
    What are key features of this property?
    This property features: Prime location in the Lafayette Square Historic District, near Poydras Street and the Central Business District.; High visibility with floor‑to‑ceiling windows on St. Charles Avenue.; Abundant natural light from clerestory windows.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mitchell Halpern
    Real Estate License ID: 995714139
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!