Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    110 Locations New Orleans, LA

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Online-only auction of 110± structures and vacant lots.

    Property size:
    200 SF
    Lot size:
    200.00 Acres

    Property Features for 110 Locations

    General Information

    Size
    200 SF
    Lot size
    200.00 Acres

    We can help!

    Listing Contact
    Jeff Azuse
    Source: Hilcorealestatesales

    Listing Agent: Jeff Azuse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Orleans Redevelopment Authority Properties

    The New Orleans Redevelopment Authority (NORA) is conducting an online-only auction of approximately 110 structures and vacant lots located throughout New Orleans. These NORA properties were acquired through the transfer of Former Road Home properties, expropriation, or other means. Additional information regarding the properties and the auction will be provided during a virtual Buyers’ Seminar. Hilco Real Estate, LLC, in cooperation with Paul A. Lynn, CCIM Broker #76068-ACT; Paul A. Lynn, LA Auctioneer #2027, will provide a presentation on the portfolio, bidder requirements, and the open house schedule, and will answer questions about the auction and participation.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.077003
    Latitude
    29.958529

    Nearby Similar for Sale

    • $2,335,000
      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
    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $2,340,000
      6,069 SF

      French Quarter Income Property

      Historic French Quarter multi-family property with seven income-producing units.
      1309 Dauphine St, New Orleans, LA 70116
      View Details
    • $1,399,500
      3,367 SF

      Restored Double Gallery in New Orleans

      Historic duplex with modern updates and income potential.
      922 Melpomene St, New Orleans, LA 70130
      View Details
    • $3,270,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • $3,270,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • $1,350,000
      6,659 SF

      New Orleans Multifamily Investment Opportunity

      Well-maintained multifamily property near Tulane and Loyola Universities.
      2108 Broadway St, New Orleans, LA 70118
      View Details
    • New
      $1,299,500
      3,742 SF

      Historic Creole Cottage in French Quarter

      Restored 1809 Creole Cottage with modern amenities in New Orleans.
      1019 St Peter St, New Orleans, LA 70116
      View Details
    • $1,599,000
      3,023 SF

      Elegant Lower Garden District Duplex

      Charming New Orleans duplex with modern amenities and city views.
      1113 Thalia St, New Orleans, LA 70130
      View Details
    • $649,900
      2,233 SF

      Historic Marigny Corner Grocery Home

      Charming New Orleans home, potential duplex in walkable location.
      2632-34 Dauphine St, New Orleans, LA 70117
      View Details
    • $875,000
      4,025 SF

      Bayou St. John Triplex

      Triplex near Bayou St. John, New Orleans.
      2817 Ursulines Ave, New Orleans, LA 70119
      View Details
    • $2,700,000
      7,626 SF

      Restored Victorian Bed & Breakfast

      Licensed 9-room B&B near St. Charles and Napoleon Avenues.
      4117 Perrier St, New Orleans, LA 70115
      View Details

    FAQs

    What type of property is this?
    Land - Online-only auction of 110± structures and vacant lots.
    Where is this land located?
    The property is located at 110 Locations New Orleans, LA.
    What are key features of this property?
    This property features: - Online-only auction of 110± structures and vacant lots.; - Properties located throughout New Orleans.; - Properties owned by the New Orleans Redevelopment Authority (NORA).
    (847) 418-2703
    Request Owner's contact information
    110 Locations New Orleans, LA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    110 Locations
    New Orleans, LA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    110 Locations New Orleans, LA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Azuse
    (847) 418-2703
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.