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Property profile & analytics
OFF-MARKET
Office Spaces

615 Baronne St New Orleans, LA 70113

25,700 SF Built 1910
Property ID
Property summary
AI-generated overview

This three-story, 25,700 square foot Class B office building, located at 615 Baronne Street in New Orleans, Louisiana, is offered for sale at $3,300,000 ($128.40/sq ft). Built in 1910 and renovated in 1999, the multi-tenant property currently boasts 72% occupancy. The building features 14 parking spaces in a separate lot at 641 Baronne Street. Situated in the heart of New Orleans, at the intersection of the Arts, Sports, and Warehouse districts, this property enjoys excellent access to I-10 and is surrounded by recent developments including the South Market District and the Virgin Hotel. Zoned CBD-5, permitted uses are diverse and include office, multi-family, retail, and more. The building offers one elevator, keypad entry, and a monitored fire panel. This presents a unique opportunity for owner/users or investors seeking redevelopment potential, with the added benefit of available state and federal historic tax credits and Opportunity Zone designation. The 12,413 square foot lot provides ample space for future expansion or repurposing. This property is an exceptional investment in a thriving New Orleans neighborhood.

Property profile
Verified
Property type Office Spaces
Year built 1910
Total area 25,700 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
Current use
Occupant on record · Public records
  • The Hawthorne Agency, Inc. Marketing & Advertising Advertising Agency
  • Stirling Properties Real Estate Agency
  • STONE Diagnostics New Orleans Medical Laboratory
  • STONE Diagnostics Medical Laboratory
  • Mitchell & Associates, APLC Law Firm
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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