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    4611 Tullis Dr New Orleans, LA 70131

    Sponsored
    For Sale
    $1,979,000

    Residential development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±10.1-acre lot, located at 4611 Tullis Dr, New Orleans, LA 70131 (APN 1409502), is offered at $1,979,000. Zoned S-RS (Suburban Single-Family Residential District), this property presents a significant residential development opportunity. Conveniently situated near Behrman Pl, Belle Chasse Highway, Interstate 90, and the Westbank Expressway, it benefits from excellent access to major roadways. The site has undergone preliminary environmental, soils, and wetlands assessments (Phase 1 reports available), streamlining the development process. Primarily cleared and ready for development, this expansive tract is well-suited for a housing project or similar venture, capitalizing on the area's growing housing demand. The property's size and location make it an attractive investment for developers seeking to build in a desirable New Orleans neighborhood. Detailed information is available upon request.

    Property Features for 4611 Tullis Dr

    General Information

    Property type
    Land
    Lot Size
    439,956 SF

    HighLights

    • ±10.1‑acre developable land parcel.
    • Excellent location near Behrman Pl, Belle Chasse Hwy, I‑90, and the Westbank Expressway.
    • Completed Phase 1 environmental and soils reports available.
    • S‑RS zoning ideal for residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.008173871573
    Latitude
    29.901199517759

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    FAQs

    What type of property is this?
    Land - Residential development opportunity.
    Where is this land located?
    The property is located at 4611 Tullis Dr New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,979,000.
    What are key features of this property?
    This property features: ±10.1-acre developable land parcel.; Excellent location near Behrman Pl, Belle Chasse Hwy, I-90, and the Westbank Expressway.; Completed Phase 1 environmental and soils reports available.
    Request Owner's contact information
    4611 Tullis Dr New Orleans, LA 70131
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    New Orleans, LA 70131
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    Realmo Value Estimation

    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.

    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.

    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
    4611 Tullis Dr New Orleans, LA 70131
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