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    618 Magazine St New Orleans, LA 70130

    Sponsored
    For Lease
    $39 SF/Yr
    Lot size:
    2,964 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 618 Magazine St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,964 SF
    Class
    A

    Building Details

    Year Built
    2018

    Unit(s) available at that property

    Space
    Suite 101
    Size
    2,964 SF
    Rate per SF
    $39
    Property Profile Location Intelligence

    Current Use by Public Records

    618 Magazine St ... Parking Garage Premium Parking - P0618 Parking Garage Salad Station Restaurant

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center Gym & Fitness Kitchen & Bath

    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
    -90.0684359
    Latitude
    29.9473395

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    FAQs

    Where is this individual retail property located?
    The property is located at 618 Magazine St New Orleans, LA.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
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    618 Magazine St New Orleans, LA 70130
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    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
    618 Magazine St New Orleans, LA 70130
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