Two-Story Storefront
For Sale
Contact for pricing
8237 Oak St, New Orleans, LA 70118
HU-MU-zoned building with separate entrances and a fenced rear area.
Property Size2,606 SF
Lot Size0.08 Acres
Price / SF$0.19
Days on Market99
Property Features for 8237 Oak St
General Information
Standard status
Active
Size
2,606 SF
Total Parking Spaces
5
Lot size
0.08 Acres
Property subtype
Retail
Zoning
HU-MU
Lease Type
Gross
Additional Details
Public Transit
Yes
Amenities
fenced backyard
Building Details
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Corporate Realty - Place St. Charles
Listed By:
Joe Gorman · License #995702434
(504) 582-1406
Source:
Lacdb.resimplifi
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 16 at 5:52AM
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 - Place St. Charles
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Investment Insights
Based on property information with market context.
This two-story storefront property at 8237 Oak St comprises 2,606 SF on a 3,700-SF parcel. The ground floor includes a 1,500-SF suite that is leased, while the second floor has one month-to-month tenant. Each level is served by its own entrance, supporting separate occupancy arrangements.
A gated, fenced backyard provides approximately 4-5 parking spaces. The property is positioned just off Carrollton Avenue, with access to the St. Charles Avenue Streetcar and the Oak Street commercial corridor. HU-MU zoning applies to the site.
A gated, fenced backyard provides approximately 4-5 parking spaces. The property is positioned just off Carrollton Avenue, with access to the St. Charles Avenue Streetcar and the Oak Street commercial corridor. HU-MU zoning applies to the site.
Key Highlights
- 2,606‑SF two‑story building on a 3,700‑SF parcel
- 1,500‑SF ground floor suite is leased
- One month‑to‑month tenant occupies the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,580
$643.6K
Cap Rate 7%
$459,700
$459.7K
Cap Rate 9%
$357,544
$357.5K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$46.9K $18.00/SF
− Vacancy
−$938 −$0.36/SF
EGI
$46.0K $17.64/SF
− OpEx
−$13.8K −$5.29/SF
NOI
$32.2K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,580
Cap Rate 7%
$459,700
Cap Rate 9%
$357,544
Alternative Uses
Best Use
Retail
$459.7K
$402.2K – $536.3K
NOI $32,179 @ 7.0% cap · market cap 6,435.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.4K
$579.6K – $772.8K
NOI $46,365 @ 7.0% cap · market cap 9,273.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 37%
Home Improvements & Furnishings 3%
Beauty & Spa 3%
Shell
Shops & Services
9,171 visits/mo
0.4 miles
Chevron
Shops & Services
5,992 visits/mo
0.3 miles
la Madeleine Country French Cafe
Dining
5,803 visits/mo
0.4 miles
Whitney Bank
Shops & Services
4,842 visits/mo
0.2 miles
Taco Loco
Dining
3,633 visits/mo
0.4 miles
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Similar Off Market Nearby
- Foliage Systems Inc — 624 Lowerline St, New Orleans, LA 70118
- Ftda Florist in the USA — 850 S Carrollton Ave, New Orleans, LA 70118
- Ivy Glenda — 823 S Carrollton Ave B, New Orleans, LA 70118
- Thibodeaux's Floral Studio — 1114 S Carrollton Ave, New Orleans, LA 70118
- New Orleans Flower Delivery — 122 Industrial Ave #1a, Jefferson, LA 70121
Frequently Asked Questions
What type of property is this?
Storefront property - HU-MU-zoned building with separate entrances and a fenced rear area.
Where is this storefront property located?
The property is located at 8237 Oak St New Orleans, LA.
What are key features of this property?
This property features: 2,606‑SF two‑story building on a 3,700‑SF parcel; 1,500‑SF ground floor suite is leased; One month‑to‑month tenant occupies the second floor
