Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2118 D'abadie St New Orleans, LA 70119

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2118 D'abadie St

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This unique commercial property located at 2118 D'ABADIE St, New Orleans, LA 70119, is offered at $119,900. The property is classified as Special Purpose Land and is being sold "AS IS". The sale includes a Hammond Organ, Leslie Speakers, and drums

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0693
    Latitude
    29.9773

    Comparable in this City

    • Value Estimation by Request
      4,448 SF

      136 Olympia St

      Land • 4,448 SF
      136 Olympia St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      0.27 Acres

      721 Lopez St

      CHARITABLE ORGANIZATION • 0.27 Acres
      721 Lopez St, New Orleans, LA 70119-7236
      View Details
    • Value Estimation by Request
      5,610 SF

      223 Jane Pl

      CHARITABLE ORGANIZATION • 5,610 SF
      223 Jane Pl, New Orleans, LA 70119-6319
      View Details
    • Value Estimation
      $740,000
      22,160 SF

      New Orleans, LA 70119

      CHARITABLE ORGANIZATION • 22,160 SF
      New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      2.45 Acres

      3401 Perdido St

      CHARITABLE ORGANIZATION • 2.45 Acres
      3401 Perdido St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      1.00 Acre

      29453 Sq Square

      CHARITABLE ORGANIZATION • 1.00 Acre
      29453 Sq Square, New Orleans, LA 70119
      View Details

    Similar Nearby for Sale

    • $685,000

      Mid-City New Orleans Land Parcel

      Prime Commercial Land, 16,306 SF
      502 Alexander St, New Orleans, LA 70119
      View Details
    • $599,000
      14,400 SF

      Mid-City New Orleans Parking Lot

      High-intensity mixed-use redevelopment opportunity.
      2413 Perdido St, New Orleans, LA 70119
      View Details
    • $1,200,000

      233 N Broad

      Land
      233 Broad St, New Orleans, LA 70119
      View Details
    • $1,995,000

      Mid-City New Orleans Development Site

      Prime 38,650 SF lot, MU-1 zoning.
      3800 Toulouse St, New Orleans, LA 70119
      View Details
    • $750,000
      0.20 Acres

      Canal Street Commercial Land Opportunity

      Prime New Orleans location, high-traffic area.
      2623 Canal St, New Orleans, LA 70119
      View Details
    • $1,100,000
      8,640 SF

      New Orleans Multifamily Investment Opportunity

      Fully occupied 8-unit property near French Quarter with parking.
      1114 N Dorgenois St, New Orleans, LA 70119
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,091 SF

      Mid-City Office Space Available

      New Orleans Office: 800-2,091 SF
      3100 Banks St, New Orleans, LA 70119
      View Details
    • $4 SF/Yr
      21,386 SF

      Lafitte Greenway Lot - Build to Suit

      Prime New Orleans commercial land, build-to-suit opportunity.
      2727 Conti St, New Orleans, LA 70119
      View Details
    • $44 SF/Yr
      2,800 SF

      Prime New Orleans Retail Space

      2,800 SF Restaurant/Retail w/Drive-Thru
      512 City Park Ave, New Orleans, LA 70119
      View Details
    • $22 SF/Yr
      36,000 SF

      Mid-City Office Space for Lease

      Four-story office building, flexible space.
      4176 Canal St, New Orleans, LA 70119
      View Details
    • $12 SF/Yr
      2,290 SF

      Mid-City Warehouse: 1,937 SF Available

      Freshly renovated warehouse space; ideal for mixed-use.
      2806 St Louis St, New Orleans, LA 70119
      View Details
    • Contact for pricing
      1,050 SF

      MidCity Apartment with Private Backyard

      Charming apartment near bars, restaurants, and Bayou St. John.
      3015 Baudin St, New Orleans, LA 70119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2118 D'abadie St
    New Orleans, LA 70119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.