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    Property profile & analytics

    1250 Poydras St New Orleans, LA 70113-1804

    • Office buildings
    • 458,640 SF
    • 1.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2020
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0229804
    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

    • Eni Petroleum / Diesel Fuel Supplier
    • US Veterans Affairs / Veterans Affairs Department
    • New Orleans Business Alliance / Economic Development Agency
    • Disabled American Veterans / Veterans Organization
    • Poydras Properties LLC / Property Management Company

    Property Details for 1250 Poydras St

    Year built
    1979
    Lot size
    1.16 lot acres
    Property size
    458,640 SF
    Property type
    Office buildings
    APN
    103105932
    APU
    103105932

    Description

    This exceptional Class A office building, located at 1250 Poydras Street in New Orleans' Uptown-Garden District submarket, offers 422,890 square feet of premium office space. The building boasts 24 stories and provides multiple tenancy options, with spaces ranging from a minimum of 1,524 square feet to a maximum contiguous space of 6,855 square feet; nine spaces are currently available. Its prime location at the corner of Loyola and Poydras Streets offers unparalleled convenience, with easy access to Interstate and State Highway 90, minimizing downtown traffic congestion. The building is directly connected to the Hyatt Regency New Orleans and the Hyatt House hotel, providing seamless access to amenities and convenient accommodations for out-of-town guests. Ample on-site parking is available for monthly lease, accommodating 1200 vehicles. Enjoy the added convenience of on-site amenities including Chic-fil-A, Hurts Donuts, Barrow's Catfish, and Stumpy's Hatchet House. The building's proximity to the Superdome and City Hall, along with easy access to streetcar and public transit, further enhances its desirability. This property offers a unique blend of modern office space, prime location, and unparalleled convenience. The building features elevators and is powered. The Orleans Parish property has an APN of 41032141.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0769
    Latitude
    29.9505
    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
    $504,040
    $4,232,040
    $4,736,080
    -
    $5,040,400
    $28,213,600
    $33,254,000

    Comparable in this City

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      613 Baronne St

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    • Value Estimation
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    • Value Estimation
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      801 Rampart St

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      801 Rampart St, New Orleans, LA 70113
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    • Value Estimation
      $230,000
      9,214 SF

      1614 Oretha Castle Haley Blvd

      OFFICE BUILDING • 9,214 SF
      1614 Oretha Castle Haley Blvd, New Orleans, LA 70113-1311
      View Details
    • Value Estimation
      $200,000
      3,848 SF

      808 Saint Joseph St

      OFFICE BUILDING • 3,848 SF
      808 Saint Joseph St, New Orleans, LA 70113
      View Details

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    Similar Nearby for Lease

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      Prime New Orleans Office Space

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    • Contact for pricing
      27,058 SF

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    New Orleans, LA 70113-1804
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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.

    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
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