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    1240 Camp St New Orleans, LA 70130

    Sponsored
    For Sale
    $1,800,000

    New Orleans investment opportunity: 8,655 SF, 100% occupied.

    Property size:
    8,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A creative office building, located at 1240 Camp Street in New Orleans' Lower Garden District, presents a compelling investment opportunity. The 8,655 square foot property, built in 1995, sits on a 0.2-acre lot and boasts a prominent corner location at the intersection of Camp and Thalia Streets. Currently 100% occupied by a credit-rated tenant under a gross lease, the building offers a stabilized investment with a remaining lease term of approximately 1.6 years, expiring June 30, 2026, with renewal options. The property features 5,455 square feet of office space and an additional 3,200 square feet of garage space. The asking price is $1,800,000, translating to $207.97 per square foot. The building is zoned HU-B1A and benefits from its location within a short distance of the Central Business District, a two-way thoroughfare with bike lanes, and attractive landscaping. This single-story building offers unparalleled finishes and amenities, exceeding market standards. The property's strong tenant, Tabasco (McIlhenny Company), ensures a stable income stream. This is a rare opportunity to acquire a high-quality, well-located, and fully occupied commercial property in a desirable New Orleans neighborhood.

    Property Features for 1240 Camp St

    General Information

    Property type
    Office space
    Square Feet
    8,655 SF
    Class
    A
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    HighLights

    • 8,655 total square feet
    • 5,455 square feet of office space
    • 3,200 square feet of garage space
    • Corner lot at Camp St. and Thalia St.
    • Leased to McIlhenny through June 30, 2026
    • Two three‑year renewal options, extending lease to June 30, 2032
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center Skin Care Clinic

    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
    -90.0722294
    Latitude
    29.9386591

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    FAQs

    What type of property is this?
    Office space - New Orleans investment opportunity: 8,655 SF, 100% occupied.
    Where is this office space located?
    The property is located at 1240 Camp St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 8,655 total square feet; 5,455 square feet of office space; 3,200 square feet of garage space
    Request Owner's contact information
    1240 Camp St New Orleans, LA 70130
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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
    1240 Camp St New Orleans, LA 70130
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