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Property summary
This exceptional mixed-use property at 1418 Magazine Street in New Orleans' coveted Garden District presents a compelling investment opportunity. The 3,174 square foot building boasts a blend of commercial and residential space, currently operating at full occupancy. The ground floor houses a thriving restaurant, Surrey's Cafe, under lease until 2026, enjoying a long-standing presence of over 18 years. Above, two residential units, each featuring balconies and exterior space overlooking… Magazine Street, provide consistent rental income. The property sits on a 0.08-acre lot and is zoned HU-RD2 - Historic UR. With a current NOI of $59,047 and a 6.40% cap rate, this property offers a strong return on investment, further enhanced by a pro-forma cap rate of 8.00%. The asking price is $925,000, translating to $291.43 per square foot and $308,333 per unit. The prime location, coupled with the existing stable tenancy and potential for future rent increases, makes this a truly remarkable investment prospect in one of New Orleans' most desirable neighborhoods. The property's strong financial performance, combined with its location in close proximity to the Central Business District and major tourist attractions, ensures a secure and potentially lucrative investment. This is a rare opportunity to acquire a well-established, mixed-use property in the heart of the Garden District.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,174 SF
- Lot area
- 0.08 ac
- Year built
- 1870
- Stories
- 2
- APN
- 101104103
- Assessed value · 2023
- $31,550
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Selected cap rate
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the New Orleans market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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