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Property profile & analytics
OFF-MARKET
Office Spaces

1231 Decatur St Sta A New Orleans, LA 70116-2607

879 SF 0.01 ac lot Built 1820
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US36-0018461
Property summary
AI-generated overview

This exceptional opportunity presents a fee-simple ownership of a thriving 879 square foot collectibles, gifts, jewelry, and antiques store in New Orleans' historic French Quarter. Located at 1231 Decatur Street, within the Paxton House Condominiums, this Class B commercial condominium boasts a strong pro-forma NOI of $71,358. The asking price of $1,015,000 includes the real estate, inventory, fixtures, furniture, and established clientele. Operating since 2001, this well-established business benefits from its prime location in the Vieux Carre Commercial District, attracting a loyal customer base and capitalizing on the city's robust tourism. The VCC-1 zoning ensures flexibility for future uses. This turnkey investment offers a unique blend of historical charm and established business success, making it an ideal opportunity for an owner-user seeking a profitable venture in a vibrant and sought-after location. The property's 879 square feet provide ample space for retail operations, and the included inventory and fixtures allow for immediate commencement of business. This is a rare chance to acquire a piece of New Orleans' rich history and thriving commercial landscape. The property is located in Orleans Parish, Louisiana, zip code 70116.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1820
Total area 879 SF
Lot 0.01 ac (369 SF)
APN 208100416
UPID US36-0018461
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Donald L Rathmell JR. · 19 yrs held
Donald L Rathmell JR.
since 2007
1 recorded transaction
2007
$124,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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