Licensed Short-Term Rental
For Sale
$1,250,000
842 CAMP Street, New Orleans, LA 70130
Commercial, New Orleans, LA
Property Size4,540 SF
Price / SF$275.33
Days on Market522
Property Features for 842 CAMP Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD-5
Parking features
Off Street
Lot features
Condo
Standard status
Active
APN
842-CAMPST7
Size
4,540 SF
Taxes and HOA fees
Tax Description
1. SQ 161 LOT 11A 66'7X75'11 RTA# 99-052366 RTA YEARS 2002-2006 2. 49.34% INTS UNIT 7
Legal Description
1. SQ 161 LOT 11A 66'7X75'11 RTA# 99-052366 RTA YEARS 2002-2006 2. 49.34% INTS UNIT 7
Utilities
Water source
Public
Building Details
Year built
1845
Floors in Building
3
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Jeffrey Doussan · License #995690135,LOUISIANA
(504) 236-0222
Added: May 1, 2025
Changed: Sep 30
Last Checked: Oct 4 at 11:06PM
MLS# 2500340
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This licensed commercial short-term rental occupies a historic townhouse built in 1845. The building contains 4,540 square feet, with five bedrooms and four-and-a-half bathrooms. Off-street parking is available, and the property has a public water source. Its architectural style is Italianate, and it is zoned CBD-5.
The property is at 842 Camp Street in New Orleans. Restaurants, museums, and other visitor destinations are nearby.
The property is at 842 Camp Street in New Orleans. Restaurants, museums, and other visitor destinations are nearby.
Key Highlights
- Licensed commercial short‑term rental
- 4,540‑square‑foot townhouse built in 1845
- Five bedrooms and four‑and‑a‑half bathrooms
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
$52,840
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
4.23%
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%
$1,056,800
$1.1M
Cap Rate 7%
$754,857
$754.9K
Cap Rate 9%
$587,111
$587.1K
Market Conditions
NOI Build-Up for 4,540 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
$105.7K $23.28/SF
− Vacancy
−$9.6K −$2.12/SF
EGI
$96.1K $21.16/SF
− OpEx
−$43.2K −$9.52/SF
NOI
$52.8K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$1,056,800
Cap Rate 7%
$754,857
Cap Rate 9%
$587,111
Alternative Uses
Best Use
Apartment 5plus
$754.9K
$660.5K – $880.7K
NOI $52,840 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,774 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,554
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Five bedrooms and four-and-a-half bathrooms provide a multi-room guest layout in this licensed commercial lodging property.
Where is this short term rental property located?
The property is located at 842 CAMP Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Licensed commercial short‑term rental; 4,540‑square‑foot townhouse built in 1845; Five bedrooms and four‑and‑a‑half bathrooms
