Historic Ground-Floor Office
For Sale
$575,000
862 Camp St, New Orleans, LA 70130
Ground-floor commercial space with exposed brick, high ceilings, storage, and a shared rear courtyard.
Property Size1,428 SF
Price / SF$402.66
Days on Market98
Property Features for 862 Camp St
General Information
Standard status
Active
Size
1,428 SF
Occupancy
100%
Additional Details
Floor
Ground Floor
Highway Access
Yes
Amenities
shared courtyard
Building Details
Year Built
1840
Tenancy
Single
Abandoned
No
Listing Agency:
REVE, REALTORS
Listed By:
Lance Daggs
(225) 938-1222
Source:
Fiorellaavenue
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 15 at 12:46AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This 1,428-square-foot ground-floor office unit at 862 Camp St features 11-foot ceilings, exposed brick, and substantial storage. The space is currently occupied by a law office and includes access to a shared rear courtyard. Built in 1840, the property combines historic construction with a flexible interior suited to continued office use. Potential for residential conversion is also identified in the property information.
The unit is positioned between Magazine Street and St. Charles Avenue, near the base of the Crescent City Connection. Its setting places it close to the CBD, the Convention Center, the National WWII Museum, Contemporary Arts Center, and Ogden Museum of Southern Art. Local restaurants and recurring neighborhood events contribute to an active surrounding environment. The property is zoned CBD-5 and has no HOA fees.
The unit is positioned between Magazine Street and St. Charles Avenue, near the base of the Crescent City Connection. Its setting places it close to the CBD, the Convention Center, the National WWII Museum, Contemporary Arts Center, and Ogden Museum of Southern Art. Local restaurants and recurring neighborhood events contribute to an active surrounding environment. The property is zoned CBD-5 and has no HOA fees.
Key Highlights
- 1,428 SF ground‑floor office unit at 862 Camp St
- 11‑foot ceilings with exposed brick walls
- Currently occupied by a law office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,049
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,980
$421.0K
Cap Rate 7%
$300,700
$300.7K
Cap Rate 9%
$233,878
$233.9K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$32.6K $22.80/SF
− Vacancy
−$4.5K −$3.15/SF
EGI
$28.1K $19.65/SF
− OpEx
−$7.0K −$4.91/SF
NOI
$21.0K $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%
$420,980
Cap Rate 7%
$300,700
Cap Rate 9%
$233,878
Alternative Uses
Best Use
Office B
$300.7K
$263.1K – $350.8K
NOI $21,049 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.0K
$317.6K – $423.5K
NOI $25,407 @ 7.0% cap · market cap 4.42%
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
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor commercial space with exposed brick, high ceilings, storage, and a shared rear courtyard.
Where is this office units located?
The property is located at 862 Camp St New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,428 SF ground‑floor office unit at 862 Camp St; 11‑foot ceilings with exposed brick walls; Currently occupied by a law office
