Warehouse District Commercial
For Sale
$499,000
C-1-628 Baronne St, New Orleans, LA 70112
Ground-floor commercial condo in the heart of the Warehouse District.
Property Size3,468 SF
Price / SF$143.89
Days on Market284
Property Features for C-1-628 Baronne St
General Information
Standard status
Active
Size
3,468 SF
Listing Agency:
Talbot Realty Group
(504) 525-9763
Listed By:
Christopher Talbot · License #000075986
(504) 319-1452
Source:
Exprealty
Added: Jan 8
Changed: Oct 15
Last Checked: Oct 19 at 12:35PM
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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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,823
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,460
$856.5K
Cap Rate 7%
$611,757
$611.8K
Cap Rate 9%
$475,811
$475.8K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$62.4K $18.00/SF
− Vacancy
−$1.2K −$0.36/SF
EGI
$61.2K $17.64/SF
− OpEx
−$18.4K −$5.29/SF
NOI
$42.8K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,460
Cap Rate 7%
$611,757
Cap Rate 9%
$475,811
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,352
Businesses Nearby
478k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 61%
Groceries 19%
Dining 10%
Shops & Services 7%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.1 miles
Rouses Market
Groceries
49,050 visits/mo
0.5 miles
Rouses Market
Groceries
35,073 visits/mo
0.5 miles
Chevron
Shops & Services
23,516 visits/mo
0.4 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.3 miles
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
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.
