1240 Camp St New Orleans, LA 70130
For Sale
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This exceptional Class A creative office building, located at 1240 Camp Street in New Orleans' Lower Garden District, presents a compelling investment opportunity. The 8,655 square foot property, built in 1995, sits on a 0.2-acre lot and boasts a prominent corner location at the intersection of Camp and Thalia Streets. Currently 100% occupied by a credit-rated tenant under a gross lease, the building offers a stabilized investment with a remaining lease term of approximately 1.6 years, expiring June 30, 2026, with renewal options. The property features 5,455 square feet of office space and an additional 3,200 square feet of garage space. The asking price is $1,800,000, translating to $207.97 per square foot. The building is zoned HU-B1A and benefits from its location within a short distance of the Central Business District, a two-way thoroughfare with bike lanes, and attractive landscaping. This single-story building offers unparalleled finishes and amenities, exceeding market standards. The property's strong tenant, Tabasco (McIlhenny Company), ensures a stable income stream. This is a rare opportunity to acquire a high-quality, well-located, and fully occupied commercial property in a desirable New Orleans neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.