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    Reed Wiley, Ccim, New Orleans, LA

    License ID: BROK.995704349-ASA
    Gardner Realtors
    Association
    New Orleans Metropolitan Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (504) 288-4100
    Office Address:
    132 Robert E Lee Blvd, New Orleans, LA, 70124

    Performance

    Listings
    10

    Listings

    For Sale (10)

    View map
    • $421,610

      Slidell Land Acquisition Opportunity

      Land available near Old Spanish Trail and I-10 in Slidell.
      56396 Frank Pichon Dr, Slidell, LA 70458
      View Details
    • New
      $5,200,000
      7,000 SF

      French Quarter Hotel Acquisition

      19-key hotel in the iconic French Quarter.
      623 Ursulines Ave, New Orleans, LA 70116
      View Details
    • New
      $4,755,000
      17,299 SF

      French Quarter Retail Opportunity

      Four-story property with high-visibility restaurant/retail space in iconic location.
      300 Decatur St, New Orleans, LA 70130
      View Details
    • Contact for pricing

      Prime Land Near I-10

      1.4 acre commercial land parcel near I-10 interchange.
      39072 Magnolia Ave, Slidell, LA 70461
      View Details
    • $985,000
      90.00 Acres

      90 Acres Garyville Industrial Land

      Prime Louisiana acreage, ideal for commercial or rural use.
      0 Airline Hwy, Garyville, LA 70051
      View Details
    • Contact for pricing

      Slidell Land Acquisition Opportunity

      Prime commercial land near Old Spanish Trail and I-10.
      56381 Frank Pichon Rd, Slidell, LA 70458
      View Details
    • Contact for pricing
      35,471 SF

      Harvey Industrial Business Property

      Expansive property with four warehouses on 3.1 acres.
      1500 Macarthur Ave, Harvey, LA 70058
      View Details
    • Contact for pricing

      Slidell Land Acquisition Opportunity

      Prime commercial land near Old Spanish Trail and I-10.
      800 Joseph St, Slidell, LA 70458
      View Details
    • Contact for pricing
      15,308 SF

      Frenchmen Street Development Opportunity

      Prime corner parcel in vibrant entertainment district.
      421 Frenchmen St, New Orleans, LA 70116
      View Details
    • Contact for pricing
      9,469 SF

      141-153 Maxwell Ln, Marrero, LA 70072

      Industrial properties • 9,469 SF
      141-153 Maxwell Ln, Marrero, LA 70072
      View Details

    Leases and Sales on Map

    • For Sale

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    Reed Wiley, Ccim, 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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    Reed Wiley, Ccim, New Orleans, LA
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