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    Property profile & analytics

    231 Carondelet St New Orleans, LA 70130

    • Office Properties & Spaces
    • 17,052 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US36-0424728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 231 Carondelet St

    Year built
    1920
    Lot size
    0.05 lot acres
    Property size
    17,052 SF
    Property type
    Office Properties & Spaces
    APN
    105101615
    APU
    105101615

    Description

    This exceptional seven-story, 27,790-square-foot building presents a unique investment opportunity in the heart of New Orleans' Central Business District. Ideally situated on a prime corner lot, this historic structure boasts a prominent location directly facing the St. Charles Avenue streetcar line, placing it within easy walking distance of Canal Street, the French Quarter, numerous office buildings, hotels, and restaurants. Previously utilized as a bank and hotel, the building offers versatile space adaptable to various uses. The first and second floors, formerly occupied by a bank branch and its back offices, are currently available for lease, offering flexible configurations to suit diverse tenant needs. The building's prominent location allows for prominent exterior signage, enhancing visibility and brand recognition. Ample parking options are readily available nearby, with numerous parking garages and metered street parking within close proximity. This property's rich history, combined with its strategic location and adaptable space, makes it an exceptional opportunity for businesses seeking a high-profile presence in the vibrant New Orleans CBD. The building's proximity to major hotels such as the AC Hotel by Marriott New Orleans French Quarter, Hilton Garden Inn French Quarter/CBD, Hampton Inn & Suites, and Holiday Inn Club Vacations, further enhances its appeal and potential for success. The surrounding area also includes several apartment complexes, indicating a strong residential presence. This property offers a blend of historical charm and modern convenience, making it an ideal location for a variety of commercial ventures.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0714
    Latitude
    29.9522
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $14,030
    $297,250
    $311,280
    -
    $140,280
    $1,981,650
    $2,121,930

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      CONDOMINIUM OFFICES • 0.01 Acres
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    231 Carondelet St
    New Orleans, LA 70130
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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
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