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    3308 Tulane Ave New Orleans, LA 70119

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    For Lease
    Contact for pricing

    Prime Medical Office Space Available

    Lot size:
    21,977 SF

    Property Features for 3308 Tulane Ave

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,977 SF

    Spaces For Lease

    at 3308 Tulane Ave, New Orleans, LA 70119 Contact us
    Unit Suite 325

    $18 /Mo

    Size
    2,397 SF
    Contact us
    Unit Suite 501

    $18 /Mo

    Size
    5,200 SF
    Contact us
    Unit Suite 100

    $24 /Mo

    Size
    5,600 SF
    Contact us
    Unit Suite 200

    $18 /Mo

    Size
    8,000 SF
    Contact us
    Unit Suite 305

    $18 /Mo

    Size
    780 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Robert Hand
    Robert Hand

    Listing Agency: Louisiana Commercial Realty LLC Listing Agent: Robert Hand

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional medical office building at 3308 Tulane Avenue, New Orleans, LA 70119 offers several recently renovated suites for lease, ranging from 780 square feet to a full 8,000-square-foot floor. The property is ideally situated in a medical submarket, just eight blocks from the Veterans Hospital and University Medical Center, providing convenient access for patients and staff. The building features ample on-site parking for 90 vehicles, secure access, and an on-site maintenance technician. All suites are suitable for general office or medical use. Rent includes electricity, water, taxes, property insurance, and common area maintenance (excluding janitorial services). The location offers easy access from I-10 at Carrollton Avenue, providing convenient access to downtown while avoiding heavy traffic congestion. Floor plans are available upon request. This is a fantastic opportunity for medical practices or businesses seeking a well-maintained, conveniently located space in a thriving medical district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clarke Community Services Crisis Center Dr. Robin Edwards Physician Mission Rebirth Charitable Organization Pheobe Askie Pediatrician Dr. Caroline Christopher Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.09749836476
    Latitude
    29.964857826404

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical Office Space Available
    Where is this medical office space located?
    The property is located at 3308 Tulane Ave New Orleans, LA.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated medical office suites available for lease, ranging from 780 to 8,000 square feet.; Prime medical submarket location, eight blocks from Veterans Hospital and University Medical Center.; Ample on-site parking (90 spaces), secure access, and on-site maintenance.
    (504) 838-0001 Call to check price and availability
    Request Owner's contact information
    3308 Tulane Ave New Orleans, LA 70119
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    New Orleans, LA 70119
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3308 Tulane Ave New Orleans, LA 70119
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Hand
    Robert Hand
    Real Estate License ID: 99564145
    (504) 838-0001
    Learn more
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