Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1857 Agriculture St New Orleans, LA 70119

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile 7,950 SF Flex Space, 4 Buildings

    Property size:
    7,950 SF

    Property Features for 1857 Agriculture St

    General Information

    Property type
    Flex space
    Square Feet
    7,950 SF

    Building Details

    Buildings
    4

    We can help!

    Listing Contact
    Adrien Foley
    Adrien Foley

    Listing Agency: Elifin Realty - New Orleans, LA Listing Agent: Adrien Foley

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

    Learn more

    Property Insight Report

    Overview

    This exceptional New Orleans commercial property, located at 1857 Agriculture St, offers 7,950 square feet of versatile space spread across four buildings. The property boasts a highly desirable flex space configuration, perfectly suited for a variety of business uses, including office, showroom, and industrial operations. Benefiting from dual frontage on Agriculture Street and Florida Avenue, the property enjoys excellent street visibility and accessibility. The substantial rear parking lot presents significant potential for future expansion or development projects. Currently zoned MU-1 (Medium Intensity Mixed-Use District), this property offers considerable flexibility for a wide range of commercial endeavors. The asking price for this unique opportunity is $1,200,000. The property's Assessed Parcel Number (APN) is 37W314712. This prime location in Orleans Parish, Louisiana, zip code 70119, presents a compelling investment opportunity for discerning buyers seeking a multi-faceted commercial property with substantial growth potential. The property's diverse layout and strategic location make it an ideal choice for businesses seeking a flexible and well-positioned space in a thriving New Orleans market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Earn Dat Body Gym & Fitness Center Reju Juice Specialty Food Shop We Want Coach ... Gym & Fitness Center Sophrosyne Aesthetics Alternative Medicine Practice Fitwitbritt llc Gym & Fitness Center

    Suggested Use

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

    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
    -90.066151221793
    Latitude
    29.987330434032

    Nearby Similar for Sale

    • $550,000
      7,000 SF

      Versatile Commercial Building, New Orleans East

      7,000 sq ft commercial building suitable for multiple business uses.
      6930 Martin Dr, New Orleans, LA 70126
      View Details
    • New
      $230,000
      3,847 SF

      New Orleans Commercial Opportunity

      Spacious warehouse ready for custom transformation in New Orleans.
      1637 Sere St, New Orleans, LA 70122
      View Details
    • New
      $475,000
      2,266 SF

      Spacious Building in Algiers Point

      Versatile commercial building in New Orleans' Algiers Point neighborhood.
      627 Opelousas Ave, New Orleans, LA 70114
      View Details
    • $697,000
      2,029 SF

      Remodeled Mixed-Use Property in Marigny

      Remodeled mixed-use property in historic Faubourg Marigny, New Orleans.
      2404 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $650,000
      6,900 SF

      Iconic Bywater Commercial Property

      Versatile 6,900 sq ft property in the heart of Bywater.
      4321 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $599,000
      1,740 SF

      Warehouse District Commercial Space

      Unique commercial property in the desirable Warehouse District.
      422 Notre Dame St, New Orleans, LA 70130
      View Details
    • $450,000
      2,700 SF

      Uptown Bar with Adjoining Lot

      Uptown bar with kitchen, storage, and adjacent vacant lot.
      1832 7Th St, New Orleans, LA 70115
      View Details
    • $329,900
      1,904 SF

      Fairgrounds Investment Opportunity

      Two-unit property near Fairgrounds with income potential.
      1516 Gentilly Blvd, New Orleans, LA 70119
      View Details
    • $625,000
      2,059 SF

      CBD Ground-Floor Office Space

      Prime CBD office space with modern renovations and accessibility features.
      821 Perdido St, New Orleans, LA 70112
      View Details
    • $415,000

      Retail Condo in Central Business District

      Retail condo in high-traffic area near French Quarter.
      736 Union St, New Orleans, LA 70130
      View Details
    • $850,000
      4,850 SF

      Retail Property in High-Traffic Area

      Two-story strip mall in high-traffic New Orleans location.
      1418 N Claiborne Ave, New Orleans, LA 70116
      View Details
    • $1,595,000
      4,906 SF

      Canal Street Automotive Property

      Income-producing commercial property on Canal Street with long-term upside.
      4243 Canal St, New Orleans, LA 70119
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile 7,950 SF Flex Space, 4 Buildings
    Where is this flex space located?
    The property is located at 1857 Agriculture St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 7,950 SF flex space across four buildings, ideal for office, showroom, and industrial uses.; Large rear parking lot with expansion potential.; Dual frontage on Agriculture Street and Florida Avenue for excellent visibility and accessibility.
    (800) 895-9329 Call to check price and availability
    Request Owner's contact information
    1857 Agriculture St New Orleans, LA 70119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1857 Agriculture St
    New Orleans, LA 70119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1857 Agriculture St New Orleans, LA 70119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adrien Foley
    Adrien Foley
    Real Estate License ID: 955716500
    (800) 895-9329
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!