Executive Office Building For
For Sale
$2,975,000
201 Camp St, New Orleans, LA 70130
High-end office building in former Hancock Whitney Complex.
Property Size15,568 SF
Price / SF$191.10
Days on Market1375
Property Features for 201 Camp St
General Information
Standard status
Active
Size
15,568 SF
Property subtype
Office
Zoning
CBD-1
Site & Location
Neighborhood
Central Business District
Amenities
Water
Sewer
Listing Agency:
Talbot Realty Group
Listed By:
Robert Talbot · License #000006978
(504) 525-9763
Source:
Lacdb.resimplifi
Added: Jan 24, 2023
Changed: Oct 25
Last Checked: Oct 28 at 4:47AM
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 Talbot Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building, situated on the corner of Camp and Common Streets, was formerly part of the Hancock Whitney Complex. The building, previously used as the executive suite building, features high-end finishes. The property has a total size of 15,658 square feet. The building must be separated from the main complex. There is an opportunity to purchase the upper 4 levels (approximately 22,483 square feet) of the adjacent building that wraps 201 Camp Street.
Key Highlights
- High‑end finishes indicative of a former executive suite building.
- Prime corner location at Camp & Common Streets.
- Part of the well‑known former Hancock Whitney Complex.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,475
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,589,500
$4.6M
Cap Rate 7%
$3,278,214
$3.3M
Cap Rate 9%
$2,549,722
$2.5M
Market Conditions
NOI Build-Up for 15,568 SF
Gross rent
$355.0K $22.80/SF
− Vacancy
−$49.0K −$3.15/SF
EGI
$306.0K $19.65/SF
− OpEx
−$76.5K −$4.91/SF
NOI
$229.5K $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 Rate 5%
$4,589,500
Cap Rate 7%
$3,278,214
Cap Rate 9%
$2,549,722
Alternative Uses
Best Use
Office B
$3.28M
$2.87M – $3.82M
NOI $229,475 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $276,981 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
10,455
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Office building - High-end office building in former Hancock Whitney Complex.
Where is this office building located?
The property is located at 201 Camp St New Orleans, LA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: High‑end finishes indicative of a former executive suite building.; Prime corner location at Camp & Common Streets.; Part of the well‑known former Hancock Whitney Complex.
