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    Listings

    For Sale (15)

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    Move-In Ready Chalmette Duplex
    $215,000
    1,700 SF

    Move-In Ready Chalmette Duplex

    Income-generating duplex in Chalmette, ideal for owner-occupancy.

    2918 Packenham Dr, Chalmette, LA 70043
    View details
    Residential Land in Meraux, LA
    $55,000

    Residential Land in Meraux, LA

    Land available for building a dream home in Meraux.

    2421 Maureen Ln, Meraux, LA 70075
    View details
    Uptown New Orleans Duplex Home
    $210,000
    1,590 SF

    Uptown New Orleans Duplex Home

    Charming duplex in Uptown with spacious fenced backyard.

    3309 4Th St, New Orleans, LA 70125
    View details
    Charming Shotgun Duplex in New Orleans
    $265,000
    2,000 SF

    Charming Shotgun Duplex in New Orleans

    Classic New Orleans duplex with hardwood floors and spacious backyard.

    2117 Laharpe St, New Orleans, LA 70119
    View details
    Arabi, LA Land For Sale
    $45,000

    Arabi, LA Land For Sale

    Residential land available in Arabi, Louisiana. Build to suit.

    7212 Sally St, Arabi, LA 70032
    View details
    Commercial Building in Chalmette, LA
    $450,000
    4,000 SF

    Commercial Building in Chalmette, LA

    Commercial building with possibilities in Chalmette, Louisiana.

    8324 Lafitte Ct, Chalmette, LA 70043
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    New Orleans Commercial Opportunity
    $230,000
    3,847 SF

    New Orleans Commercial Opportunity

    Spacious warehouse ready for custom transformation in New Orleans.

    1637 Sere St, New Orleans, LA 70122
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    Income-Producing Duplex in New Orleans
    $398,000
    1,679 SF

    Income-Producing Duplex in New Orleans

    Income-producing duplex in prime Uptown New Orleans location.

    2421 Upperline St, New Orleans, LA 70115
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    Land in Gated Madisonville Community
    $125,000
    3.37 Acres

    Land in Gated Madisonville Community

    3.37 acre lot in Claiborne Oaks, Madisonville, LA.

    Mattingly Ln, Madisonville, LA 70447
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    Land for Residential Development
    Contact for pricing

    Land for Residential Development

    Vacant land suitable for building a new home.

    4688 Charlene Dr, New Orleans, LA 70127
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    Residential Land in New Orleans
    Contact for pricing

    Residential Land in New Orleans

    Land available for residential construction in New Orleans, Louisiana.

    4811 Longfellow Dr, New Orleans, LA 70127
    View details
    Prime Commercial Land in Marrero
    $150,000

    Prime Commercial Land in Marrero

    Exceptional commercial opportunity in Marrero with C-1 zoning.

    Anderson Pl, Marrero, LA 70072
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    Marrero Commercial Land Opportunity
    $150,000

    Marrero Commercial Land Opportunity

    Prime commercial land in Marrero, zoned C-1 for various ventures.

    1 Anderson Pl, Marrero, LA 70072
    View details
    Uptown Duplex with Fenced Yard
    $210,000
    1,590 SF

    Uptown Duplex with Fenced Yard

    Charming duplex in Uptown with spacious, fenced backyard.

    3309 4Th St, New Orleans, LA 70125
    View details
    Move-in Ready Chalmette Duplex
    $215,000
    1,700 SF

    Move-in Ready Chalmette Duplex

    Duplex ideal for owner-occupancy or investment in Chalmette.

    2918-20 Pakenham Dr, Chalmette, LA 70043
    View details

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    • For Sale

    Properties for sale

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    Down the Road Partners
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Down the Road Partners
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