Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 Tulane Ave New Orleans, LA 70119

    • Retail properties
    • 110,562 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clements Steven H / Registered General Nurse / Professional Services
    • Tulane Tower Learning Center / Training Center / Vocational School
    • Dr. Toby L. Fugate / Physician / Medical Clinic
    • Dr. Mary J. Murphy, MD / Physician
    • Tower Amy J MD / Physician

    Property Details for 2601 Tulane Ave

    Property size
    110,562 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This ten-story, 110,562 square foot office building at 2601 Tulane Avenue in New Orleans, Louisiana offers multiple tenancy options. Suites range from a minimum of 750 square feet to a maximum contiguous space of 7,500 square feet. Strategically located on a major corridor connecting Mid-City to Downtown, it's directly across from the Orleans Parish Courthouse and blocks from the Medical District. Enjoy convenient access to I-10 and US-90, with easy connections to Uptown and Metairie. The building boasts three elevators, on-site security, and a three-level, 205-space gated parking garage with direct access to the building. Nearby amenities include the Shops at Crescent Club and Whole Foods Mid-City, along with numerous restaurants and coffee shops. Current tenants include various state agencies, legal organizations, and local businesses. This property presents a unique opportunity in a thriving New Orleans location. The building is in Orleans Parish, zip code 70119, and is situated near Broad Ave.

    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
    -90.0892
    Latitude
    29.9616

    Comparable in this City

    • Value Estimation by Request
      481 SF

      419 Lopez St

      Office Properties & Spaces • 481 SF
      419 Lopez St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      447 SF

      3310 Conti St

      Individual retail properties • 447 SF
      3310 Conti St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      3,520 SF

      1021 Broad St

      Office space • 3,520 SF
      1021 Broad St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      4,464 SF

      2600 Ursulines Ave

      CONDOMINIUM OFFICES • 4,464 SF
      2600 Ursulines Ave, New Orleans, LA 70119-3436
      View Details
    • Value Estimation by Request
      870 SF

      3141 Ponce De Leon St, Unit 3

      CONDOMINIUM OFFICES • 870 SF
      3141 Ponce De Leon St, New Orleans, LA 70119-3078
      View Details
    • Value Estimation by Request
      8,400 SF

      2714 Canal St, Unit II

      CONDOMINIUM OFFICES • 8,400 SF
      2714 Canal St, New Orleans, LA 70119-5548
      View Details

    Similar Nearby for Sale

    • $1,220,000
      2,000 SF

      Restaurant Site Near New Orleans Fairgrounds

      Proposed restaurant with outdoor dining near the New Orleans Fairgrounds.
      3101 Esplanade Ave, New Orleans, LA 70119
      View Details
    • Contact for pricing

      Mid-City Mixed-Use Investment Property

      Income-producing mixed-use property in the heart of Mid-City.
      4639 S Carrollton Ave, New Orleans, LA 70119
      View Details
    • $1,100,000
      4,563 SF

      Canal Street Office Portfolio

      Two B-Class buildings, flexible zoning.
      3426 Canal St, New Orleans, LA 70119
      View Details
    • $400,000
      1,872 SF

      Mid-City Executive Office Space

      Prime New Orleans Office, Vacant, $400K
      124 Clark St, New Orleans, LA 70119
      View Details
    • $175,000
      1,560 SF

      Rocheblave Street Retail Opportunity

      Prime New Orleans retail space, 1,560 sq ft.
      601 Rocheblave St, New Orleans, LA 70119
      View Details
    • $1,200,000
      5,000 SF

      Mid-City New Orleans Office Building

      Prime Canal Street location, 5,000 SF office space.
      4240 Canal St, New Orleans, LA 70119
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      5,515 SF

      Mid-City New Orleans Retail Spaces

      Prime Retail, Two Suites Available
      3700 Orleans Ave, New Orleans, LA 70119
      View Details
    • $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
    • Contact for pricing
      4,181 SF

      Mid City Restaurant Space Available

      Restaurant space for lease in prime Mid City location.
      125 N Carrollton Ave, 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
    • $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
    • $22 SF/Yr
      2,393 SF

      Mid-City Restaurant Space Available

      Prime Banks St location, fully renovated.
      3200 Banks 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.
    2601 Tulane Ave
    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.
    Sign Up Successful!
    You now have access to more from Realmo!