2633 Napoleon AveNew Orleans, LA 70115

Property Details for 2633 Napoleon Ave

Year built

1980

Lot size

0.62 AC

Property size (Sq ft)

106,907 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

614332905

APU

614332905

Description

The Napoleon Medical Building is a premier Class A, ten-story medical office building totaling 75,600 square feet situated on 0.623 acres of land in Uptown New Orleans. Its prime location directly across from Ochsner Baptist Hospital provides exceptional visibility and accessibility. The building boasts 208 total parking spaces, a mix of 129 surface and 79 covered spaces, ensuring ample parking for patients and staff. Currently, nine suites are available, ranging in size from 1,100 to 5,349 square feet, offering flexibility for various medical practices. The building's diverse tenant mix currently includes dentistry, plastic surgery, cardiology, physical therapy, internal medicine, dermatology, orthopedics, and a hearing clinic. On-site management ensures smooth operations. Convenient access is provided via South Claiborne Avenue (US-90). A unique feature is Suite 101, a former restaurant/sundry shop with a large outdoor patio, presenting a versatile space for a variety of uses. The building is zoned HU-B1. This property represents a significant opportunity for medical professionals seeking a high-profile location within a thriving medical community. Pricing is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $16,953,472

  6.5%

  $15,649,359

  7%

  $14,531,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,154,961

  Geo Method

  $7,600,018

• Alternative Use

  Use

  Valuation

  Residential

  $19,405,206

  Hospitality

  $17,775,064

  Educational

  $14,788,644

  Medical

  $15,297,249

  Retail

  $23,004,558

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.937

Longitude

-90.1026

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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