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    The Largest CRE Database in the US with Over 1 Million Listings

    Chris Smith, New Orleans, LA

    License ID: 000009641
    Years of Experience
    20
    Association
    New Orleans Metropolitan Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (504) 862-0100
    Office Address:
    8601 Leake Ave, Leake Ave, New Orleans, LA 70118

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    27
    Total transactions
    686
    Total transactions amount
    $267M
    Price range
    $44.9k - 1.6M
    Average price
    $389k

    Listings

    For Sale (22)

    View map
    • $1,100,000
      4,473 SF

      Three Newer Homes, Gated Parking

      Three single-family homes in Carrollton/Earhart Corridor, gated parking.
      2932 Eagle St, New Orleans, LA 70118
      View Details
    • $220,000
      1,936 SF

      Mid City Victorian Double Opportunity

      Eastlake Victorian double in the heart of Mid City.
      118 S Norman C Francis Pkwy, New Orleans, LA 70119
      View Details
    • New
      $329,000
      1,555 SF

      Versatile Brick Property, Metairie, LA

      Adaptable property for residential or commercial use on corner lot.
      2800 Lake Villa Dr, Metairie, LA 70002
      View Details
    • $1,885,750
      6,849 SF

      Renovated Six-Unit Compound in New Orleans

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $1,885,750
      6,849 SF

      Renovated Six-Unit Compound, New Orleans

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $649,000
      3,100 SF

      Renovated Income-Producing Multi-Unit Property

      Turnkey multi-unit property in Central City, generating $2,800 monthly.
      3445 Magnolia St, New Orleans, LA 70115
      View Details
    • $729,000
      2,169 SF

      Magazine Street Commercial Jewel Box

      Freestanding commercial property on a high-profile corner in Uptown New Orleans.
      4332 Magazine St, New Orleans, LA 70115
      View Details
    • $59,000
      1,065 SF

      New Orleans Fixer-Upper Duplex

      Renovation opportunity in a dynamic New Orleans neighborhood.
      2417 N Galvez St, New Orleans, LA 70117
      View Details
    • $410,000

      Harahan Residential Lot Opportunity

      Expansive lot in Harahan, perfect for building your dream home.
      143 Colonial Club Dr, Harahan, LA 70123
      View Details
    • $169,000
      0.08 Acres

      Vacant Land Near French Quarter

      Vacant land in the Marigny neighborhood, near French Quarter.
      1422 Columbus St, New Orleans, LA 70116
      View Details
    • $689,000
      2,851 SF

      New Orleans Duplex in Marigny

      New construction duplex in vibrant Faubourg Marigny neighborhood.
      1140 Touro St, New Orleans, LA 70116
      View Details
    • $249,000
      900 SF

      New Orleans Triplex Investment Opportunity

      Triplex near Oak Street with income potential.
      8825 Plum St, New Orleans, LA 70118
      View Details
    • $235,000
      1,060 SF

      New Orleans Duplex Near Oak Street

      Rented duplex near Oak Street and the Mississippi River.
      1301 General Ogden St, New Orleans, LA 70118
      View Details
    • $495,000
      1,817 SF

      Historic Cottage with Mixed-Use Zoning

      Historic cottage near CBD with mixed-use zoning and parking.
      1630 Robert C. Blakes Sr Dr, New Orleans, LA 70130
      View Details
    • New
      $219,000
      1,853 SF

      Classic New Orleans Raised Double

      Two units, oversized lot, flexible use, immediate livability.
      3017 Music St, New Orleans, LA 70122
      View Details
    • $349,000
      0.19 Acres

      Oversized Lot in Lakeview

      Rare opportunity to build in a desirable Lakeview location.
      6341 12Th St, New Orleans, LA 70124
      View Details
    • $379,000

      Expansive Residential Lot in Harahan

      Generous lot in Harahan with mature oak trees.
      98 Colonial Club Dr, Harahan, LA 70123
      View Details
    • $99,000

      Prime Corner Lot Opportunity

      Corner lot on N. Broad Avenue, Mid-City New Orleans.
      840 N Broad St, New Orleans, LA 70119
      View Details
    • $69,000

      Vacant Land in Central Location

      Vacant lot in up and coming New Orleans area.
      3212 Pine St, New Orleans, LA 70125
      View Details
    • $234,000
      1,853 SF

      Saint Roch Raised Double

      Classic New Orleans raised double in prime location.
      3017-19 Music St, New Orleans, LA 70122
      View Details
    • $249,000
      900 SF

      Income-Generating Triplex Near Oak Street

      Triplex near Oak Street with two units currently leased.
      8825-27 Plum St, New Orleans, LA 70118
      View Details
    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound in New Orleans

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details

    For Lease (5)

    View map
    • $4,250 /Mo
      1,868 SF

      Versatile Space on Tchoupitoulas Corridor

      Adaptable commercial space in a rapidly developing New Orleans district.
      3950 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • $3,750 /Mo
      1,250 SF

      Historic Corner Commercial Space

      Prime Lower Garden District location with restored historic character.
      1900 Magazine St, New Orleans, LA 70130
      View Details
    • $3,900 /Mo
      1,014 SF

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street in New Orleans.
      2138 Magazine St, New Orleans, LA 70130
      View Details
    • $3,200 /Mo
      1,014 SF

      Magazine Street Retail Opportunity

      Prime retail space on Magazine Street, New Orleans.
      2138 Magazine St, New Orleans, LA 70130
      View Details
    • $2,100 /Mo

      Magazine Street Unit For Rent

      Unit for rent on Magazine Street, available August 1, 2025.
      3915 Magazine St, New Orleans, LA 70115
      View Details

    Leases and Sales on Map

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    • For Lease

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    Chris Smith, New Orleans, LA
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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.

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    Chris Smith, New Orleans, LA
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