3871 Gentilly BlvdNew Orleans, LA 70122

Property Details for 3871 Gentilly Blvd

Year built

1940

Lot size

0.26 AC

Property size (Sq ft)

9,649 SF

Property type

Office properties

Property subtype

Office buildings

APN

38W401502

APU

38W401502

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,530,153

  6.5%

  $1,412,449

  7%

  $1,311,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $736,034

  Geo Method

  $685,947

• Alternative Use

  Use

  Valuation

  Residential

  $1,751,436

  Hospitality

  $1,604,306

  Educational

  $1,334,764

  Medical

  $1,380,669

  Retail

  $2,076,300

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.0031

Longitude

-90.0461

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.