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

    1055 St Charles Ave New Orleans, LA 70130

    • Office Properties & Spaces
    • 22,116 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1055 St Charles Ave

    Year built
    1962
    Property size
    22,116 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional Class A office building, located at 1055 St. Charles Avenue in New Orleans, Louisiana, presents a unique investment opportunity. The seven-story, 22,116 square foot building, constructed in 1962, boasts a distinctive Modern style Art Deco architecture. Currently fully vacant, this property offers 5 individual suites, providing flexibility for various tenant configurations. The building features one elevator and is situated on Harmony Circle (formerly Lee Circle), offering convenient access to both Uptown and Downtown New Orleans. Its central location provides excellent visibility and accessibility. The building's design creates a unique and inviting office environment. The Orleans Parish property (APN 41203579) is locally owned and benefits from ample parking, a significant advantage in the area. With its prime location, architectural character, and substantial square footage, this property is ideal for a variety of uses and represents a compelling opportunity for a discerning investor or business seeking a prestigious New Orleans address. The zip code is 70130.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0733
    Latitude
    29.9427

    Comparable in this City

    • Value Estimation by Request
      11,440 SF

      230 Carondelet St

      Office space • 11,440 SF
      230 Carondelet St, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      5,847 SF

      1400 St Charles Ave

      Office space • 5,847 SF
      1400 St Charles Ave, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      21,142 SF

      401 St Joseph St

      Office space • 21,142 SF
      401 St Joseph St, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      58,599 SF

      400 Lafayette St

      Office space • 58,599 SF
      400 Lafayette St, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      1,660 SF

      440 Julia St

      Office space • 1,660 SF
      440 Julia St, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      18,243 SF

      311 Decatur St

      Office space • 18,243 SF
      311 Decatur St, New Orleans, LA 70130
      View Details

    Similar Nearby for Sale

    • $2,200,000
      4,898 SF

      Downtown Office Space For Sale

      Prime downtown office space with on-site parking available.
      747 Magazine St, New Orleans, LA 70130
      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
    • $1,800,000
      8,655 SF

      Camp Street Creative Office

      New Orleans investment opportunity: 8,655 SF, 100% occupied.
      1240 Camp St, New Orleans, LA 70130
      View Details
    • $2,375,000
      7,850 SF

      Lower Garden District Retail/Office Buildings

      Three contiguous retail/office buildings in a high-traffic shopping area.
      2109 Magazine St, New Orleans, LA 70130
      View Details
    • $1,245,000
      12,500 SF

      Royal Street Mixed-Use Investment

      Four apartments and 10,000+ sq ft of office space.
      3037 Royal St, New Orleans, LA 70130
      View Details
    • Contact for pricing
      7,802 SF

      Warehouse District Retail/Office Opportunity

      Retail/office warehouse with modern design and historic functionality.
      1200 Annunciation St, New Orleans, LA 70130
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      1,250 SF

      Historic Corner Building in New Orleans

      Restored commercial space in prime Lower Garden District location.
      1900 Magazine St, New Orleans, LA 70130
      View Details
    • $20 SF/Yr
      1,882 SF

      Warehouse District Office Space

      Office space in a mixed-use building with historic charm.
      750 Camp St, New Orleans, LA 70130
      View Details
    • Contact for pricing
      424 SF

      Office Space For Rent

      Office space featuring flexible floor plans and abundant natural light.
      2475 Canal St, New Orleans, LA 70130
      View Details
    • $21 SF/Yr
      2,875 SF

      Warehouse District Office Suites

      Historic Charm, Prime Location, Flexible Suites
      336 Lafayette St, New Orleans, LA 70130
      View Details
    • $20 SF/Yr
      1,390 SF

      Office Space for Lease

      Office space available for lease with flexible floor plans.
      365 Canal St, New Orleans, LA 70130
      View Details
    • $1.00 SF/Yr
      3,000 SF

      Creative Space in Lower Garden

      Unique suites for artists, entrepreneurs, and small businesses.
      1501 Prytania St, New Orleans, LA 70130
      View Details
    Request Owner's contact information
    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.
    1055 St Charles Ave
    New Orleans, LA 70130
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!