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    2001 St Bernard Ave New Orleans, LA 70116

    Sponsored
    For Sale
    $3,375,000

    High-Yield Shopping Center, 6 Tenants

    Property size:
    31,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 31,750 square foot shopping center in New Orleans' Gentilly submarket presents a compelling investment opportunity. Boasting a 100% occupancy rate with six tenants, including the largest Dollar General Market in New Orleans, this property generates a strong net operating income (NOI) of $307,834, translating to a 9.12% capitalization rate. The asking price is $3,375,000, or $106.30 per square foot. Situated on a 67,082 square foot lot zoned C-1, the single-story building benefits from excellent visibility and accessibility, fronting city streets on multiple sides. Recent improvements include a complete roof replacement in 2022 (15-year warranty) and a new parking lot seal coat in 2024. This high-density urban location enjoys minimal competition from nearby retail or grocery options, ensuring continued strong performance. The property's established tenant base and recent upgrades make it an attractive investment with significant upside potential.

    Property Features for 2001 St Bernard Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    31,750 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • $3,375,000 asking price for this 31,750 square foot shopping center.
    • Located at 2001 St. Bernard Ave, New Orleans, LA 70116, this multi‑tenant property features six units.
    • The property boasts a 9.12% cap rate and a strong $307,834 NOI with 100% occupancy.
    • The shopping center sits on a 67,082 square foot lot and is zoned C‑1.
    • Recent improvements include a new roof (2022) and parking lot seal coat (2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -90.067621
    Latitude
    29.9773675

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Shopping Center, 6 Tenants
    Where is this lifestyle center located?
    The property is located at 2001 St Bernard Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $3,375,000.
    What are key features of this property?
    This property features: $3,375,000 asking price for this 31,750 square foot shopping center.; Located at 2001 St. Bernard Ave, New Orleans, LA 70116, this multi-tenant property features six units.; The property boasts a 9.12% cap rate and a strong $307,834 NOI with 100% occupancy.
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    New Orleans, LA 70116
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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
    2001 St Bernard Ave New Orleans, LA 70116
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