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    Property profile & analytics

    4502 General Meyer Ave New Orleans, LA 70131-3531

    • Medical offices
    • 53,201 SF
    • 4.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,610,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0225000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Indian Creek Convalescent Center / Nursing Agency
    • Jo Ellen Smith Living Center / Nursing Home

    Property Details for 4502 General Meyer Ave

    Year built
    1986
    Lot size
    4.16 lot acres
    Property size
    53,201 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    513800231
    APU
    513800231

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0073
    Latitude
    29.9351
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $72,410
    $481,860
    $554,270
    -
    $724,100
    $3,212,400
    $3,936,500

    Comparable in this City

    • Value Estimation by Request
      33,815 SF

      4422 General Meyer Ave

      MEDICAL CLINIC • 33,815 SF
      4422 General Meyer Ave, New Orleans, LA 70131-3588
      View Details
    • Value Estimation by Request
      1,800 SF

      3500 Kabel Dr

      MEDICAL CLINIC • 1,800 SF
      3500 Kabel Dr, New Orleans, LA 70131-6928
      View Details
    • Value Estimation
      $335,000
      15,651 SF

      6301 Stratford Pl

      MEDICAL CLINIC • 15,651 SF
      6301 Stratford Pl, New Orleans, LA 70131
      View Details
    • Value Estimation
      $315,000
      3,322 SF

      4460 General Degaulle Dr

      MEDICAL CLINIC • 3,322 SF
      4460 General Degaulle Dr, New Orleans, LA 70131-6916
      View Details
    • Value Estimation
      $4,345,000
      146,262 SF

      4201 Woodland Dr

      HOMES (RETIRED, NURSING) • 146,262 SF
      4201 Woodland Dr, New Orleans, LA 70131-7339
      View Details
    • Value Estimation
      $4,290,000
      50,943 SF

      5301 Tullis Dr

      HOMES (RETIRED, NURSING) • 50,943 SF
      5301 Tullis Dr, New Orleans, LA 70131-8805
      View Details

    Similar Nearby for Sale

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      Vacant lot with frontage on River Road near downtown New Orleans.
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      Vacant land in a conservation gated community near English Turn.
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    • $176,035
      1.05 Acres

      Waterfront Land in Gated Community

      Residential land in a conservation gated community with waterfront access.
      53 Arbor Cir, New Orleans, LA 70131
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    • $169,000

      Retail Strip Center in Algiers

      Retail strip center with high visibility and flexible leasing potential.
      6419 General Meyer Ave, New Orleans, LA 70131
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    • $74,900
      30,010 SF

      Residential Land in Gated Community

      Vacant lot in gated community, build your dream home.
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    Similar Nearby for Lease

    • $6 SF/Yr
      186,438 SF

      6001 Woodland Hwy

      Flex space • 186,438 SF
      6001 Woodland Hwy, New Orleans, LA 70131
      View Details
    • Contact for pricing
      34,974 SF

      Algiers Plaza Outparcel: Ground Lease

      Prime retail outparcel, build-to-suit option.
      4100 General Degaulle Dr, New Orleans, LA 70131
      View Details
    • $12 SF/Yr
      227,814 SF

      Algiers Plaza Retail Space

      High-traffic New Orleans retail space.
      4100 General Degaulle Dr, New Orleans, LA 70131
      View Details
    • Contact for pricing
      31,038 SF

      Algiers Plaza Outparcel Ground Lease

      Prime Retail Land, Build-to-Suit Option
      4100 General Degaulle Dr, New Orleans, LA 70131
      View Details
    • $12 SF/Yr
      18,015 SF

      Retail Space in Algiers Plaza

      Former gym space available for lease in New Orleans.
      4150 General Degaulle Dr, New Orleans, LA 70131
      View Details

    Property Visit Statistics

    • Visits by month
      24.3k
    • Visitors by month
      12.4k
    • Avg Time on site
      16 min
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    New Orleans, LA 70131-3531
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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.

    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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