Office Condo with Street-Facing
8616 Oak Street Suite 101, New Orleans, LA 70118
For Sale
Contact for pricing
Reception, two enclosed rooms, a kitchen, and a bathroom support a practical office layout with retail use also noted.
Property Size1,473 SF
Price / SF$372.71
Days on Market47
Property Features for 8616 Oak Street Suite 101
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Additional Details
Floor
Property Use
Amenities
large windows
foyer with reception area
two enclosed office/conference room spaces
kitchen
bathroom
Building Details
Tenancy
Listing Agency:
Corporate Realty
Listed By:
Seth Fawer · License LA SALE.995719532
(504) 228-3705
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 12 at 8:29AM
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
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Investment Insights
Based on property information with market context.
This 1,473-square-foot ground-floor office unit is within a mixed-use building containing 21 residential units. Its current layout includes a foyer and reception area, two enclosed office or conference rooms, a kitchen, and a bathroom. Large windows face Oak Street, and the unit includes seven dedicated parking spaces: six beneath the building and one behind a parking gate. HU-MU zoning is noted, with retail use also identified as an option.
The property is at 8616 Oak Street in New Orleans, surrounded by restaurants, shops, boutiques, and other businesses along the street. The St. Charles Streetcar line is a 10-minute walk away.
The property is at 8616 Oak Street in New Orleans, surrounded by restaurants, shops, boutiques, and other businesses along the street. The St. Charles Streetcar line is a 10-minute walk away.
Key Highlights
- 1,473‑square‑foot ground‑floor office unit
- Seven dedicated spaces: six under the building and one behind the parking gate
- Two enclosed office or conference rooms, plus reception, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,712
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,240
$434.2K
Cap Rate 7%
$310,171
$310.2K
Cap Rate 9%
$241,244
$241.2K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$33.6K $22.80/SF
− Vacancy
−$4.6K −$3.15/SF
EGI
$28.9K $19.65/SF
− OpEx
−$7.2K −$4.91/SF
NOI
$21.7K $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 Rate 5%
$434,240
Cap Rate 7%
$310,171
Cap Rate 9%
$241,244
Alternative Uses
Best Use
Office B
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,207 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
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
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in New Orleans, LA
Properties on Market for Office Units in New Orleans
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office unit - Reception, two enclosed rooms, a kitchen, and a bathroom support a practical office layout with retail use also noted.
Where is this office unit located?
The property is located at 8616 Oak Street Suite 101 New Orleans, LA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,473‑square‑foot ground‑floor office unit; Seven dedicated spaces: six under the building and one behind the parking gate; Two enclosed office or conference rooms, plus reception, kitchen, and bathroom
