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    616 Girod St New Orleans, LA 70130

    Sponsored
    For Sale
    $2,430,000

    Prime New Orleans Office Building, $2.43M

    Property size:
    10,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story office building, constructed in 1873, offers 10,300 square feet of space in the heart of New Orleans' Warehouse District. Located at 616 Girod Street, this property boasts a highly desirable corner location at the intersection of Girod and Church streets, offering excellent visibility. Its central location places it directly across from the F. Edward Hebert Federal Building and a short distance from Lafayette Square Park, the Hale Boggs Federal Building, and the U.S. Court of Appeals. The building is conveniently situated half a block from both the uptown and downtown St. Charles streetcar lines, providing easy access to public transportation. Nearby amenities include hotels, restaurants, Class A office towers, and the Warehouse District's vibrant art galleries and museums. The building sits on a 3,267 square foot lot and is zoned CBD-5. Priced at $2,430,000 ($235.92/sq ft), this property presents a unique opportunity for owner-occupancy or redevelopment. Its historic character and prime location make it a compelling investment, potentially eligible for Historic Tax Credits. The building is in excellent condition and presents a rare chance to acquire a significant asset in a thriving urban core. This is a one-building, three-story structure.

    Property Features for 616 Girod St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,300 SF

    Building Details

    Year Built
    1873
    Buildings
    1
    Stories
    3

    HighLights

    • Prime location.
    • Historic landmark building.
    • Potentially eligible for Historic Tax Credits (HTCs).
    • High visibility from street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Courington Kiefer & Sommers Attorney

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center Gym & Fitness Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0705343
    Latitude
    29.9470448

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    FAQs

    What type of property is this?
    Office Property / Space - Prime New Orleans Office Building, $2.43M
    Where is this office property / space located?
    The property is located at 616 Girod St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,430,000.
    What are key features of this property?
    This property features: Prime location.; Historic landmark building.; Potentially eligible for Historic Tax Credits (HTCs).
    (504) 581-5005
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    616 Girod St New Orleans, LA 70130
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    New Orleans, LA 70130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Girod St New Orleans, LA 70130
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