Ground-Floor Office
For Sale
$575,000
862 CAMP Street, New Orleans, LA 70130
Commercial, New Orleans, LA
Property Size1,428 SF
Lot Size0.01 Acres
Price / SF$402.66
Days on Market183
Property Features for 862 CAMP Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD-5
Lot features
Condo
Subdivision
Warehouse District
Standard status
Active
APN
103102114P
Size
1,428 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Description
SQ 161 LOT 5 CAMP UNIT-1
Legal Description
SQ 161 LOT 5 CAMP UNIT-1
Utilities
Water source
Public
Amenities
11-foot ceilings
exposed brick walls
ample storage
rear shared courtyard
Building Details
Year built
1840
Floors in Building
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Lance Daggs
(225) 938-1222
Added: Mar 4
Changed: Aug 19
Last Checked: Sep 3 at 12:06PM
MLS# 2545286
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 ground-floor office unit at 862 CAMP Street offers 1,428 square feet within a historic building constructed in 1840. The space is currently occupied by a law office and includes 11-foot ceilings, exposed brick, and storage distributed throughout the interior. A shared courtyard at the rear adds an outdoor component to the property. Public water service is available, and the property carries CBD-5 zoning.
The property is located in New Orleans’ Warehouse Arts District, between Magazine Street and St. Charles Avenue, near the Crescent City Connection. The surrounding area includes the National WWII Museum, Contemporary Arts Center, Ogden Museum of Southern Art, local restaurants, the Convention Center, and the CBD. The address is 862 CAMP Street, New Orleans, LA 70130.
The property is located in New Orleans’ Warehouse Arts District, between Magazine Street and St. Charles Avenue, near the Crescent City Connection. The surrounding area includes the National WWII Museum, Contemporary Arts Center, Ogden Museum of Southern Art, local restaurants, the Convention Center, and the CBD. The address is 862 CAMP Street, New Orleans, LA 70130.
Key Highlights
- 1,428 SF ground‑floor office unit
- 11‑foot ceilings with exposed brick interiors
- Currently occupied by a law office
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
$21,049
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
3.66%
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%
$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
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
$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 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%
$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
Retail
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 3.07%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Exposed brick and high ceilings complement a flexible commercial layout.
Where is this office units located?
The property is located at 862 CAMP Street 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; 11‑foot ceilings with exposed brick interiors; Currently occupied by a law office
