Uptown Commercial Building For
For Sale
Contact for pricing
731 Nashville Ave, New Orleans, LA 70115
Free-standing commercial building near Magazine Street and Nashville Avenue.
Property Size2,474 SF
Price / SF$282.94
Days on Market1056
Property Features for 731 Nashville Ave
General Information
Standard status
Active
Size
2,474 SF
Class
B
Total Parking Spaces
2
Property subtype
Retail, Office
Zoning
HU-B1
Occupancy
100%
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Stirling
(504) 620-8124
Listed By:
Lauren Ryan · License #LA 0995687525
Source:
Crexi
Added: Oct 12, 2023
Changed: Aug 22
Last Checked: Aug 31 at 4:01AM
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 Stirling
Investment Insights
Based on property information with market context.
This free-standing commercial building is located one lot from the intersection of Magazine Street and Nashville Avenue in Uptown. The property includes two off-street parking spaces and a backyard, offering the potential for building expansion. A portion of the attic has been finished, providing additional space not included in the listed square footage. The property is zoned HU-B1, which allows for multiple uses. The building has a size of 2474 square feet.
Key Highlights
- Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.
- HU‑B1 zoning allows for multiple uses.
- Free‑standing commercial building.
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
$29,092
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
4.16%
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%
$581,840
$581.8K
Cap Rate 7%
$415,600
$415.6K
Cap Rate 9%
$323,244
$323.2K
Market Conditions
NOI Build-Up for 2,474 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
$43.9K $17.76/SF
− Vacancy
−$5.1K −$2.08/SF
EGI
$38.8K $15.68/SF
− OpEx
−$9.7K −$3.92/SF
NOI
$29.1K $11.76/SF
Area
ZIP 70115
Vacancy
11.72%
Lease Rate
$17.76 /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%
$581,840
Cap Rate 7%
$415,600
Cap Rate 9%
$323,244
Alternative Uses
Best Use
Office B
$415.6K
$363.7K – $484.9K
NOI $29,092 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$308.4K
$269.9K – $359.8K
NOI $21,588 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,690 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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?
Retail property - Free-standing commercial building near Magazine Street and Nashville Avenue.
Where is this retail property located?
The property is located at 731 Nashville Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.; HU‑B1 zoning allows for multiple uses.; Free‑standing commercial building.
