Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1010 Galvez St New Orleans, LA 70119-3575

    • Apartment buildings
    • 75,235 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $5,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0438409
    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

    • Make Music NOLA / Non-Profit Organization
    • Junebug Productions / Non-Profit Organization / Theater Production

    Property Details for 1010 Galvez St

    Year built
    1900
    Lot size
    2.00 lot acres
    Property size
    75,235 SF
    Property type
    Apartment buildings
    APN
    208106819
    APU
    208106819

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,060,000
      Market price range: $5.06M - $9.05M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,860,000
      Current use
      AUTO REPAIR, GARAGE
      $8,815,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $8,700,000
      Change: +27% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,875,000
      Change: +0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0749
    Latitude
    29.9696
    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
    $86,930
    $181,660
    $268,590
    -
    $869,300
    $1,816,600
    $2,685,900

    Comparable in this City

    • Value Estimation by Request
      3,008 SF

      226 Alexander St

      APARTMENT HOUSE (5+ UNITS) • 3,008 SF
      226 Alexander St, New Orleans, LA 70119-4504
      View Details
    • Value Estimation by Request
      4,646 SF

      420 Anthony St

      APARTMENT HOUSE (5+ UNITS) • 4,646 SF
      420 Anthony St, New Orleans, LA 70119-6601
      View Details
    • Value Estimation by Request
      4,760 SF

      3831 Banks St

      APARTMENT HOUSE (5+ UNITS) • 4,760 SF
      3831 Banks St, New Orleans, LA 70119
      View Details
    • Value Estimation by Request
      3,325 SF

      339 Bernadotte St

      APARTMENT HOUSE (5+ UNITS) • 3,325 SF
      339 Bernadotte St, New Orleans, LA 70119-4386
      View Details
    • Value Estimation by Request
      5,130 SF

      2514 Tulane Ave

      APARTMENT HOUSE (5+ UNITS) • 5,130 SF
      2514 Tulane Ave, New Orleans, LA 70119-7445
      View Details
    • Value Estimation by Request
      3,102 SF

      907 Wilson Dr

      APARTMENT HOUSE (5+ UNITS) • 3,102 SF
      907 Wilson Dr, New Orleans, LA 70119-3831
      View Details

    Similar Nearby for Sale

    • $259,900

      Restored Condominium Near Bayou St

      Lovingly restored 1-bedroom condo near Jazz Fest and Bayou.
      800 N Rendon St, New Orleans, LA 70119
      View Details
    • $760,000
      2,703 SF

      Renovated 6-Plex in Bayou St.

      Fully renovated 6-unit property near Bayou St. John.
      828 N Gayoso St, New Orleans, LA 70119
      View Details
    • $1,000,000

      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
      8,640 SF

      New Orleans Multifamily Investment Opportunity

      Fully occupied 8-unit property near French Quarter with parking.
      1114 N Dorgenois St, New Orleans, LA 70119
      View Details
    • $435,000
      0.07 Acres

      Income-Generating Commercial Property, New Orleans

      Versatile commercial property with multiple income streams and value-add potential.
      2638 New Orleans St, New Orleans, LA 70119
      View Details
    • $1,100,000
      8,640 SF

      New Orleans Multifamily Investment Opportunity

      Fully occupied 8-unit apartment complex near the French Quarter.
      1114 N Dorgenois St, New Orleans, LA 70119
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      1,050 SF

      MidCity Apartment with Private Backyard

      Charming apartment near bars, restaurants, and Bayou St. John.
      3015 Baudin St, New Orleans, LA 70119
      View Details
    • $1,400 /Mo

      Renovated Mid-City Two-Bedroom Home

      Recently renovated two-bedroom, one-bath home in the heart of Mid-City.
      506 S Murat St, 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
    • $22 SF/Yr
      36,000 SF

      Mid-City Office Space for Lease

      Four-story office building, flexible space.
      4176 Canal St, 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
    • $20 SF/Yr
      3,215 SF

      Office Space with Parking Garage

      Office space with on-site security and attached parking garage.
      2601 Tulane Ave, 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.
    1010 Galvez St
    New Orleans, LA 70119-3575
    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.