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    Modernized Office Building in CBD Title is generated by Realmo AI

    1340 Poydras Street, New Orleans, LA 70112

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    21-story office building in the heart of New Orleans.

    Type:Office
    Added:
    Dec 26, 2018
    Days on Market:
    2718
    Last Refresh:
    May 12 at 10:04 pm

    Property Features for 1340 Poydras Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1977

    Spaces For Lease

    at 1340 Poydras Street Contact us

    ES 1780J $19/Mo

    Size
    260 SF
    Type
    Office
    Contact us

    Suite 200 $15/Mo

    Size
    4,485 SF
    Type
    Office
    Contact us

    Suite 1430 $15/Mo

    Size
    2,138 SF
    Type
    Office
    Contact us

    Suite 1240 $15/Mo

    Size
    2,543 SF
    Type
    Office
    Contact us

    Suite 1250 $15/Mo

    Size
    2,459 SF
    Type
    Office
    Contact us

    Suite 1280 $15/Mo

    Size
    1,772 SF
    Type
    Office
    Contact us

    Suite 1820 $15/Mo

    Size
    Type
    Office
    Contact us

    ES 1620G $46/Mo

    Size
    78 SF
    Type
    Office
    Contact us

    ES 1620D $43/Mo

    Size
    164 SF
    Type
    Office
    window
    Contact us

    Suite 1220 $15/Mo

    Size
    835 SF
    Type
    Office
    Contact us

    Suite 1810 $15/Mo

    Size
    Type
    Office
    Contact us

    Suite 1200 (A) $15/Mo

    Size
    1,985 SF
    Type
    Office
    Contact us

    ES 1780F $21/Mo

    Size
    221 SF
    Type
    Office
    window
    Contact us

    ES 1780E $20/Mo

    Size
    276 SF
    Type
    Office
    Contact us

    Suite 1200 $15/Mo

    Size
    15,465 SF
    Type
    Office
    Contact us

    Suite 730 $15/Mo

    Size
    1,783 SF
    Type
    Office
    Contact us

    Suite 1720 $15/Mo

    Size
    3,311 SF
    Type
    Office
    Contact us

    Suite 1550 $15/Mo

    Size
    3,940 SF
    Type
    Office
    Contact us

    Suite 1210 $15/Mo

    Size
    2,144 SF
    Type
    Office
    Contact us

    Suite 1290 $15/Mo

    Size
    937 SF
    Type
    Office
    Contact us

    ES 1780D $20/Mo

    Size
    276 SF
    Type
    Office
    window
    Contact us

    Suite 2050 $15/Mo

    Size
    1,567 SF
    Type
    Office
    Contact us

    ES 1780I $18/Mo

    Size
    328 SF
    Type
    Office
    Contact us

    Suite 350 $19/Mo

    Size
    Type
    Office
    Contact us

    Suite 1270 $15/Mo

    Size
    3,560 SF
    Type
    Office
    Contact us

    ES 1620E $46/Mo

    Size
    104 SF
    Type
    Office
    Contact us

    Suite 1710 $15/Mo

    Size
    4,112 SF
    Type
    Office
    Contact us

    Suite 1450 $15/Mo

    Size
    1,822 SF
    Type
    Office
    Contact us

    Suite 1870 $15/Mo

    Size
    3,183 SF
    Type
    Office
    Contact us

    Suite 2120 $15/Mo

    Size
    Type
    Office
    Contact us

    Suite 2110 $15/Mo

    Size
    Type
    Office
    Contact us

    Suite 1260 $15/Mo

    Size
    2,531 SF
    Type
    Office
    Contact us

    Suite 250 $15/Mo

    Size
    3,116 SF
    Type
    Office
    Contact us

    Suite 330 $15/Mo

    Size
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Matt Taylor
    Matt Taylor

    Listing agent Matt Taylor License #LA 0000006690

    Listing office Property One Inc

    Listing date Dec 26, 2018

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Property One Inc

    HighLights

    • Class A amenities at competitive pricing, offering exceptional value.
    • Prime location in the heart of the New Orleans Central Business District.
    • Modernized building with sleek black aluminum and glass façade and upgraded interior finishes.
    • Efficient access in and out of downtown.
    • Walkable access to numerous dining, hotels, and retail destinations.
    • Close proximity to government offices and the Benson Tower business community.

    Overview

    Orleans Tower is a 21-story office building in the New Orleans Central Business District. The building features a black aluminum and glass façade and upgraded interior finishes. It offers Class A amenities. The location provides access in and out of downtown, making it suitable for companies whose teams are frequently on the move, as well as tenants who benefit from proximity to government offices and the Benson Tower business community. Orleans Tower is surrounded by the Superdome, Champions Square, and the New Orleans Arena. Tenants have walkable access to dining options, hotels, and retail destinations, along with nearby parking at the Superdome garage. Ongoing improvements are enhancing functionality and appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mc Dermott Engineering Construction Company Neel-Schaffer General Contractor Newpark Drilling Fluids Construction Company Southern Financial Exchange Association / Organization OWDT Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0773126
    Latitude
    29.9509014

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    FAQs

    What type of property is this?
    Office building - 21-story office building in the heart of New Orleans.
    Where is this office building located?
    The property is located at 1340 Poydras Street New Orleans, LA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A amenities at competitive pricing, offering exceptional value.; Prime location in the heart of the New Orleans Central Business District.; Modernized building with sleek black aluminum and glass façade and upgraded interior finishes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Taylor
    Matt Taylor
    Real Estate License ID: LA 0000006690
    Request Owner's contact information
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    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
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