Renovated Professional Office
8224 Maple St New Orleans, LA 70118
8224 Maple St, New Orleans, LA, 70118
$298,900
For Sale
$298,900
Renovated in 2020, this office condo includes reception, multiple offices, a meeting room, and a half bath.
Property Size1,031 SF
Price / SF$289.91
Days on Market141
Property Features for 8224 Maple St
General Information
- Standard status
- Active
- Size
- 1,031 SF
Listing agency
Ross Realty, LLC
(504) 491-7246
Listed by
Shelley Ross · License #995699241
(504) 491-7246
Source
Exprealty
Added: Mar 4 Updated: Jul 22 at 2:25PM Checked: Jul 22 at 2:25PM
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 Ross Realty, LLC
Investment Insights
Based on property information with market context.
Renovated in 2020, this professional office condo offers a functional layout and modern updates with high ceilings and hardwood floors. The interior includes a reception area, waiting room, three offices, a meeting room, a half bath, and a kitchen, supporting a range of professional uses.
The property is located in New Orleans in the Historic River Bend neighborhood. It is within walking distance to restaurants and shopping.
Monthly condo fees are $635 and include common area maintenance, a termite contract, flood insurance, and exterior insurance.
The property is located in New Orleans in the Historic River Bend neighborhood. It is within walking distance to restaurants and shopping.
Monthly condo fees are $635 and include common area maintenance, a termite contract, flood insurance, and exterior insurance.
Key Highlights
- Renovated in 2020 office condo with high ceilings, hardwood floors, and quality finishes
- Functional layout includes reception area, waiting room, three offices, and a meeting room
- Includes a half bath and kitchen for day‑to‑day office use
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 | $23.5k | $22.80 |
| − Vacancy | −$3.2k | −$3.15 |
| EGI | $20.3k | $19.65 |
| − OpEx | −$5.1k | −$4.91 |
| NOI | $15.2k | $14.74 |
1,031 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$217.1K
$190.0K – $253.3K
NOI $15,197 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.0K
$229.3K – $305.7K
NOI $18,343 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Homestead Title
Title Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Renovated in 2020, this office condo includes reception, multiple offices, a meeting room, and a half bath.
Where is this office units located?
The property is located at 8224 Maple St New Orleans, LA.
What is the asking price?
The asking price for this property is $298,900.
What are key features of this property?
This property features: Renovated in 2020 office condo with high ceilings, hardwood floors, and quality finishes; Functional layout includes reception area, waiting room, three offices, and a meeting room; Includes a half bath and kitchen for day‑to‑day office use
