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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

611 O'keefe Ave New Orleans, LA 70113

262,515 SF Built 2014
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located within The Paramount at South Market, a vibrant five-story building (262,515 total square feet) in the heart of New Orleans' South Market (SOMA) district. Built in 2014, this single building sits on a 1.22-acre lot and is zoned CBD-1. Two second-generation restaurant spaces are available, ranging from 1,817 to 2,102 square feet. Lease rates are $32.50 to $35 per square foot, with a NNN charge of $6.50 per square foot. The property's prime location offers unparalleled access to high foot traffic, drawing millions of locals and tourists annually. Its proximity to major landmarks like the Superdome, Smoothie King Center, and Champions Square ensures consistent visibility and accessibility. The surrounding area boasts a thriving mix of local boutiques, award-winning restaurants, national retailers, and galleries, creating a dynamic and desirable environment for businesses. This is a unique chance to establish a presence in one of New Orleans' most sought-after commercial districts. The building itself is a blend of renowned architecture and contemporary design, reflecting the rich history and modern energy of the neighborhood. This presents an ideal location for businesses seeking to capitalize on the area's bustling atmosphere and diverse clientele.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2014
Total area 262,515 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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