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    For Sale (37)

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    Carrollton Avenue Mixed-Use Property
    $549,000
    3,527 SF

    Carrollton Avenue Mixed-Use Property

    Commercial/residential property in vibrant Carrollton Ave area.

    1516 S Carrollton Ave, New Orleans, LA 70118
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    Historic Triplex in Treme
    $265,000
    2,255 SF

    Historic Triplex in Treme

    Charming triplex in vibrant Treme neighborhood, near French Quarter.

    1915-1917 Bayou Rd, New Orleans, LA 70116
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    Neoclassical Revival Camelback Double
    $535,000
    2,991 SF

    Neoclassical Revival Camelback Double

    Meticulously preserved architectural gem near Freret Street.

    2525 Marengo St, New Orleans, LA 70115
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    Vacant Land in Historic Area
    Contact for pricing
    0.09 Acres

    Vacant Land in Historic Area

    Cleared land ready for development in the Lower 9th Ward.

    1911 Alabo St, New Orleans, LA 70117
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    Residential Lot in Covington, LA
    $90,000
    0.95 Acres

    Residential Lot in Covington, LA

    Large secluded lot for dream home in Covington, Louisiana.

    Kathleen Dr, Covington, LA 70433
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    Uptown Lot Development Opportunity
    $450,000
    0.15 Acres

    Uptown Lot Development Opportunity

    Large lot near amenities, universities, and hospitals.

    2817 Upperline St, New Orleans, LA 70115
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    Development Opportunity Near Canal Street
    $1,299,000
    0.75 Acres

    Development Opportunity Near Canal Street

    Large lot near Canal Street, ideal for development.

    1801-39 Iberville St, New Orleans, LA 70112
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    Carrollton Avenue Mixed-Use Opportunity
    $549,000
    0.09 Acres

    Carrollton Avenue Mixed-Use Opportunity

    Commercial/residential property in vibrant Carrollton Ave area.

    1516 S Carrollton Ave, New Orleans, LA 70118
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    New Orleans Multifamily Investment Opportunity
    $825,000
    5,655 SF

    New Orleans Multifamily Investment Opportunity

    Multifamily property near Tulane and Loyola Universities.

    710 Burdette St, New Orleans, LA 70118
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    Magazine Street Mixed-Use Opportunity
    $780,000
    2,802 SF

    Magazine Street Mixed-Use Opportunity

    Two-story camelback on vibrant Magazine Street, New Orleans.

    4851 Magazine St, New Orleans, LA 70115
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    Magazine Street Mixed-Use Opportunity
    $780,000
    2,802 SF

    Magazine Street Mixed-Use Opportunity

    Versatile property on vibrant Magazine Street, ideal for various uses.

    4851 Magazine St, New Orleans, LA 70115
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    Mid-City Duplex with STR Permits
    $675,000
    1,664 SF

    Mid-City Duplex with STR Permits

    New Orleans duplex with short-term rental permits in vibrant location.

    624-626 S Lopez St, New Orleans, LA 70119
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    Residential Lot in New Orleans
    Contact for pricing
    0.13 Acres

    Residential Lot in New Orleans

    Vacant lot in established New Orleans East neighborhood.

    4700 Longfellow Dr, New Orleans, LA 70127
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    Corner Redevelopment Opportunity
    $470,000

    Corner Redevelopment Opportunity

    Prime corner location suitable for redevelopment in New Orleans.

    2100 St. Claude Ave, New Orleans, LA 70116
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    New Orleans Duplex For Sale
    $750,000
    2,380 SF

    New Orleans Duplex For Sale

    Strategically located duplex in Mid-City, New Orleans, near French Quarter.

    736-38 S Lopez St, New Orleans, LA 70119
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    New Orleans Double Shotgun Home
    $289,000
    1,585 SF

    New Orleans Double Shotgun Home

    Traditional double shotgun home near St. Charles Avenue.

    1809 3Rd St, New Orleans, LA 70113
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    New Orleans Investment Opportunity
    $165,000
    2,047 SF

    New Orleans Investment Opportunity

    Centrally located shotgun double near French Quarter.

    937-939 N Claiborne Ave, New Orleans, LA 70116
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    Harvey, LA Vacant Land
    $135,000
    0.29 Acres

    Harvey, LA Vacant Land

    Cleared land in Harvey, LA, ready for development.

    Staten Ave, Harvey, LA 70058
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    St. Roch Vacant Lot
    $30,000

    St. Roch Vacant Lot

    Vacant lot in St. Roch neighborhood, near Marigny.

    2515 N Claiborne Ave, New Orleans, LA 70117
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    Historic Mixed-Use Building, New Orleans
    $2,750,000
    13,622 SF

    Historic Mixed-Use Building, New Orleans

    Historic 13,622 SF mixed-use building in vibrant Warehouse District.

    717 Camp St, New Orleans, LA 70130
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    New Orleans Income-Producing Duplex
    $185,000
    2,113 SF

    New Orleans Income-Producing Duplex

    Income-producing duplex in New Orleans, convenient location.

    14051-53 Wales St, New Orleans, LA 70128
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    New Orleans Duplex Investment Opportunity
    $575,000
    2,106 SF

    New Orleans Duplex Investment Opportunity

    Licensed short-term rental duplex in the vibrant Treme neighborhood.

    2009-11 N Claiborne Ave, New Orleans, LA 70116
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    Turnkey Multifamily Property on Audubon
    $529,000
    3,315 SF

    Turnkey Multifamily Property on Audubon

    Renovated 3-unit property on Audubon Street, New Orleans.

    2908 Audubon St, New Orleans, LA 70125
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    Historic Esplanade Ridge Double
    $375,000
    3,836 SF

    Historic Esplanade Ridge Double

    Historic double on oversized lot in Esplanade Ridge.

    2640-44 Ursulines Ave, New Orleans, LA 70119
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    Land in Gated Community
    $135,000
    0.93 Acres

    Land in Gated Community

    Vacant land in a gated community near English Turn.

    62 Arbors Cir, New Orleans, LA 70131
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    Lower Ninth Ward Opportunity
    $200,000
    0.26 Acres

    Lower Ninth Ward Opportunity

    Two properties in revitalizing Lower Ninth Ward, endless potential!

    5609-17 Marais St, New Orleans, LA 70117
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    Residential Corner Lot Opportunity
    Contact for pricing
    0.07 Acres

    Residential Corner Lot Opportunity

    Residential corner lot with potential for personal or rental property.

    5424 N Galvez St, New Orleans, LA 70117
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    Victorian Multi-Family Home
    $1,399,000
    6,958 SF

    Victorian Multi-Family Home

    Meticulously maintained multi-family home with income potential in New Orleans.

    1925-29 Napoleon Ave, New Orleans, LA 70115
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    Undeveloped Lots in Harvey, LA
    $45,000
    0.52 Acres

    Undeveloped Lots in Harvey, LA

    Nine residential lots for sale near Manhattan Blvd.

    40 Thru 48 St, Harvey, LA 70058
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    Bayou St. John Duplex Opportunity
    $325,000
    1,496 SF

    Bayou St. John Duplex Opportunity

    Two shotgun homes in desirable location with renovation potential.

    938 N Gayoso St, New Orleans, LA 70119
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    Large Uptown Development Opportunity
    $450,000
    0.30 Acres

    Large Uptown Development Opportunity

    Exceptional 0.303-acre parcel near Freret Street amenities and universities.

    2817 Upperline St, New Orleans, LA 70115
    View details
    Charming Carrollton Double For Sale
    $415,000
    1,713 SF

    Charming Carrollton Double For Sale

    Classic New Orleans double, ideal for owner-occupancy or investment.

    1824-26 Burdette St, New Orleans, LA 70118
    View details
    Multi-Family Property Near Universities
    Contact for pricing

    Multi-Family Property Near Universities

    Well-maintained 9-unit property near Tulane and Loyola Universities.

    2108 Broadway St, New Orleans, LA 70118
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    University Area Multifamily Investment
    $1,350,000
    6,659 SF

    University Area Multifamily Investment

    Multi-family property near Tulane and Loyola Universities.

    2108 Broadway St, New Orleans, LA 70118
    View details
    Corner Lot Shotgun Double
    $199,000
    2,047 SF

    Corner Lot Shotgun Double

    Centrally located double near French Quarter with investment potential.

    937-939 North Claiborne Ave, New Orleans, LA 70116
    View details
    University Area Multifamily Investment
    $825,000
    5,655 SF

    University Area Multifamily Investment

    Multifamily property near Tulane and Loyola Universities.

    710 Burdette St, New Orleans, LA 70118
    View details
    Riverfront Land in Old Covington
    $949,000

    Riverfront Land in Old Covington

    Waterfront property with navigable frontage on the Bogue Falaya River.

    14 Riverbend Ln, Covington, LA 70433
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    For Lease (2)

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    Prime Retail/Office Space in Marigny
    $2,850 / Mo
    1,066 SF

    Prime Retail/Office Space in Marigny

    1,017 SF commercial space on iconic Mandeville & Royal Street.

    2330 Royal St, New Orleans, LA 70117
    View details
    Retail Space on Royal Street
    $3,000 / Mo
    1,066 SF

    Retail Space on Royal Street

    Retail space available for rent on Royal Street.

    2330 Royal St, New Orleans, LA 70117
    View details

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    McEnery Residential, LLC
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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
    McEnery Residential, LLC
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