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Property profile & analytics
FOR SALE
Medical Office Space

731 Nashville Ave New Orleans, LA 70115

2,630 SF 0.12 ac lot Built 1920
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US36-2567741
Property summary
AI-generated overview

This exceptional Uptown New Orleans commercial property, located at 731 Nashville Avenue, presents a unique investment opportunity. The single-story, 2,170 square foot building sits on a 0.12-acre lot (approximately 43' x 120', measurements to be verified) and is zoned HU-B1, allowing for diverse uses. Currently configured as executive or medical office space, the building features two off-street parking spaces and a backyard with potential for expansion. An unfinished attic area adds bonus square footage. The property's strategic location, just one lot from the bustling intersection of Magazine Street and Nashville Avenue, offers high visibility and accessibility. Note that the adjacent property at 5724 Magazine Street is also available for purchase, presenting a potential for a larger assemblage and redevelopment of this prime corner location. The asking price is $759,500, translating to $350 per square foot. Showings require 24-hour notice and are preferably scheduled after 4:00 PM to avoid disturbing the current tenant. This is a Class B building with a single tenancy.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1920
Total area 2,630 SF
Lot 0.12 ac (5,160 SF)
APN 615102907
UPID US36-2567741
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
  • Uptown Veterinary Hospital Veterinary Clinic
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
Teamthompson LLC · 13 yrs held
Teamthompson LLC
since 2012
3 recorded transactions
2012
$338,324
2012
Price N/A
2007
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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