Second-Floor Mixed-Use
For Sale
$729,000
755 Camp St, New Orleans, LA 70130
Condo layout combines residential space, offices, a conference room, kitchenette, bathroom with shower, and a private outdoor terrace.
Property Size1,500 SF
Price / SF$486
Days on Market202
Property Features for 755 Camp St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Zoning
CBD-5
Additional Details
Floor
2
HOA Fee
$850
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Commercial TEC Realtors
(504) 899-4040
Listed By:
Elijah Feibelman · License #000031865
(504) 899-4040
Source:
Lacdb.resimplifi
Added: Feb 10
Changed: Aug 30
Last Checked: Aug 30 at 10:31PM
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 Coldwell Banker Commercial TEC Realtors
Investment Insights
Based on property information with market context.
Located on the second floor, this mixed-use condominium combines residential and commercial functionality within a 1,500-square-foot layout. The current configuration includes two bedrooms, three office areas, a conference room, kitchenette, and bathroom with shower. Numerous windows provide natural light, while a 75' private wraparound balcony adds outdoor space. The unit was built in 1920 and carries CBD-5 zoning.
The property is at 755 Camp St in New Orleans’ Central Business District, within a walkable downtown setting. Restaurants, galleries, coffee shops, hotels, the parade route, the French Quarter, and the Superdome are all identified within one mile. Parking is limited to street parking, with public parking lots available nearby. There is no laundry facility on site.
The property is at 755 Camp St in New Orleans’ Central Business District, within a walkable downtown setting. Restaurants, galleries, coffee shops, hotels, the parade route, the French Quarter, and the Superdome are all identified within one mile. Parking is limited to street parking, with public parking lots available nearby. There is no laundry facility on site.
Key Highlights
- 1,500‑square‑foot second‑floor mixed‑use condominium
- 75' private wraparound balcony
- Current layout includes 2 bedrooms, 3 offices, and a conference room
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
$22,110
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
3.03%
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%
$442,200
$442.2K
Cap Rate 7%
$315,857
$315.9K
Cap Rate 9%
$245,667
$245.7K
Market Conditions
NOI Build-Up for 1,500 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
$34.2K $22.80/SF
− Vacancy
−$4.7K −$3.15/SF
EGI
$29.5K $19.65/SF
− OpEx
−$7.4K −$4.91/SF
NOI
$22.1K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$442,200
Cap Rate 7%
$315,857
Cap Rate 9%
$245,667
Alternative Uses
Best Use
Office B
$315.9K
$276.4K – $368.5K
NOI $22,110 @ 7.0% cap · market cap 3.03%
Second Best
Mixed Use
$289.3K
$253.1K – $337.5K
NOI $20,250 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 3.66%
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
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Condo layout combines residential space, offices, a conference room, kitchenette, bathroom with shower, and a private outdoor terrace.
Where is this mixed-use property located?
The property is located at 755 Camp St New Orleans, LA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 1,500‑square‑foot second‑floor mixed‑use condominium; 75' private wraparound balcony; Current layout includes 2 bedrooms, 3 offices, and a conference room
