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    1904 Magazine St New Orleans, LA 70130

    • Investment properties
    • 2,800 SF
    • 0.04 lot acres
    For Sale
    View listing
    $5,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-0064631
    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

    • Stardust Salon & Day Spa / Hair Salon / Hairdresser

    Property Details for 1904 Magazine St

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    2,800 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    411203105
    APU
    411203105

    Description

    This exceptional investment opportunity presents a portfolio of five retail properties totaling 16,352 square feet, located on the vibrant 1900 block of Magazine Street in New Orleans, Louisiana. The portfolio, encompassing addresses 1904, 1906, 1908/1910, 1912, and 1920 Magazine Street, boasts 100% occupancy with five separate tenants: Stardust Salon and Day Spa, The Tasting Room, MCMXII, Parish Parlor, and Vintage Market by Trashy Diva. The properties, built in 1900, are situated on two stories and feature a mix of ground floor and upper-level spaces. Approximately 10,880 square feet of contiguous space is available, offering significant redevelopment potential. The asking price is $5,000,000, translating to $305.77 per square foot. The properties are zoned HU-B1 and are offered fee simple. This prime location benefits from its proximity to the highly anticipated River District development and a thriving mix of restaurants, shops, bars, and services, attracting residents from the Lower Garden District and Irish Channel. The portfolio presents a unique chance to acquire under-rented retail spaces nearing the end of their lease terms in a high-demand area. The individual APNs are 411203105, 411203106, 411203107, 411203108, and 411203111. This is a multi-tenant property with significant upside potential for the savvy investor.

    Value Estimation

    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
    -90.0739
    Latitude
    29.9313
    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
    $5,670
    $64,330
    $70,000
    -
    $56,700
    $514,600
    $571,300

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    1904 Magazine St
    New Orleans, LA 70130
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    Realmo Value Estimation

    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.

    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.

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