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    624 Race St New Orleans, LA 70130

    Sponsored
    For Sale
    $1,600,000

    New Orleans Office, Warehouse, Yard. $1.6M

    Property size:
    4,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional New Orleans mixed-use property, located at 624 Race St, offers a unique redevelopment opportunity. The 18,377 square foot lot features two buildings totaling 4,872 square feet: a 1,392 square foot office building and a 3,480 square foot warehouse. The office space includes three offices, a conference room, and three half-bathrooms. The warehouse is complemented by a secure, 18,377 square foot fenced, concrete-paved yard, accessible via electric key pad controlled gates, providing ample space for storage or outdoor operations. The property benefits from one loading dock and is situated in the HU-MU (Historic Urban Neighborhood Mixed-Use) zoning district. Renovated in 2021, this owner-user investment is ideally positioned near the burgeoning River District, a new mixed-use neighborhood developed on over 39 acres along the Mississippi River. The property's strategic location and versatile layout present significant potential for various commercial uses. The asking price is $1,600,000, translating to $328.41 per square foot. This single-story property presents a compelling investment opportunity in a rapidly growing area of New Orleans. The property is situated in Orleans Parish, Louisiana, zip code 70130.

    Property Features for 624 Race St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,872 SF

    Building Details

    Year Renovated
    2021
    Buildings
    2
    Stories
    1

    HighLights

    • $1,600,000 asking price for this mixed‑use property.
    • 4,872 square feet total, including a 1,392 SF office building and a 3,480 SF warehouse.
    • Located on a 18,377 square foot lot in New Orleans, LA, zoned HU‑MU.
    • Features one loading dock and a fenced, concrete‑paved yard.
    • Renovated in 2021, this one‑story, two‑building property offers secure parking behind electronic gates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wellness Water Filtration ... Water Filter Supplier

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    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
    -90.067277
    Latitude
    29.9328254

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    FAQs

    What type of property is this?
    Mixed-use property - New Orleans Office, Warehouse, Yard. $1.6M
    Where is this mixed-use property located?
    The property is located at 624 Race St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price for this mixed-use property.; 4,872 square feet total, including a 1,392 SF office building and a 3,480 SF warehouse.; Located on a 18,377 square foot lot in New Orleans, LA, zoned HU-MU.
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    624 Race St 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
    624 Race St New Orleans, LA 70130
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