Warehouse District Commercial
C-1-628 Baronne St New Orleans, LA 70112
C-1-628 Baronne St, New Orleans, LA, 70112
$499,000
For Sale
$499,000
Ground-floor commercial condo in the heart of the Warehouse District.
Property Size3,468 SF
Price / SF$143.89
Days on Market191
Property Features for C-1-628 Baronne St
General Information
- Standard status
- Active
- Size
- 3,468 SF
Listing Agency
Talbot Realty Group
(504) 319-1452
Listed by
Christopher Talbot · License #000075986
(504) 319-1452
Source
Exprealty
Added: Jan 8 Checked: Jul 17 at 9:22 pm
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
Investment Insights
Based on property information with market context.
Located in the Warehouse District, this ground-floor commercial condo is situated steps from the South Market District, Lafayette Square, and the French Quarter, with quick access to I-10. The unit, identified as C-1 at 628 Baronne Street, measures approximately 3,468 square feet and features roughly 45 feet of frontage. It is suitable for retail, office, gallery, or food and beverage use. The condo includes high ceilings, exposed brick, a private office, a restroom, a grease trap, and a rear storage area. Alley access facilitates discreet deliveries. The property is zoned CBD-5. The monthly condo fee is $1,259.72, with an ownership interest of 22.81%. It may be delivered ready for tenant buildout or occupancy, depending on the intended use. Owner financing is available for sale or lease.
Key Highlights
- Prime Warehouse District location with high foot traffic, near South Market District, Lafayette Square, and French Quarter.
- Versatile space suitable for retail, office, gallery, or food & beverage use.
- Ground‑floor commercial condo with ±45 ft of frontage.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $18.00 |
| − Vacancy | −$1.2k | −$0.36 |
| EGI | $61.2k | $17.64 |
| − OpEx | −$18.4k | −$5.29 |
| NOI | $42.8k | $12.35 |
3,468 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,702 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Ground-floor commercial condo in the heart of the Warehouse District.
Where is this retail space located?
The property is located at C-1-628 Baronne St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime Warehouse District location with high foot traffic, near South Market District, Lafayette Square, and French Quarter.; Versatile space suitable for retail, office, gallery, or food & beverage use.; Ground‑floor commercial condo with ±45 ft of frontage.
