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    3871 Gentilly Blvd New Orleans, LA 70122

    Sponsored
    For Sale
    $2,200,000

    Fully Leased, High-Traffic Location

    Property size:
    14,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, two-story mixed-use building situated at 3871 Gentilly Boulevard in New Orleans, Louisiana. Spanning 14,940 square feet, this property boasts a prime location with high visibility and traffic counts exceeding 20,000 vehicles per day. The building, renovated in 2019, comprises four suites: three on the ground floor and one occupying the entire second floor. Current tenants include New Beginnings Beauty School & Salon and TM Biotech, ensuring a stable income stream. The property operates under a NNN lease structure with multiple tenants. The projected net rental income for 2024 is approximately $180,000. The building is zoned HU-B1, offering flexibility for future use. The property's strategic location on Gentilly Boulevard provides excellent connectivity between residential areas and commercial centers. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a thriving New Orleans neighborhood. The APN is 41111642. All measurements are approximate and should be verified by the purchaser. Zoning and intended use should also be independently verified. The asking price for this exceptional property is $2,200,000.

    Property Features for 3871 Gentilly Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    14,940 SF

    Building Details

    Year Renovated
    2019
    Stories
    2

    HighLights

    • $2,200,000 asking price for a mixed‑use (office and retail) property.
    • 14,940 square feet, two‑story building located at 3871 Gentilly Blvd, New Orleans, LA 70122.
    • Fully leased multi‑tenant property with a projected 2024 net rental income of approximately $180,000.
    • Renovated in 2019.
    • HU‑B1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Beginnings Beauty ... Beauty School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -90.045867350172
    Latitude
    30.002856373497

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    FAQs

    What type of property is this?
    Retail property - Fully Leased, High-Traffic Location
    Where is this retail property located?
    The property is located at 3871 Gentilly Blvd New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for a mixed-use (office and retail) property.; 14,940 square feet, two-story building located at 3871 Gentilly Blvd, New Orleans, LA 70122.; Fully leased multi-tenant property with a projected 2024 net rental income of approximately $180,000.
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    3871 Gentilly Blvd New Orleans, LA 70122
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    New Orleans, LA 70122
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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
    3871 Gentilly Blvd New Orleans, LA 70122
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