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    Property profile & analytics

    1201 Canal St Ste C2 New Orleans, LA 70112-2707

    • Office Properties & Spaces
    • 6,738 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US36-0382328
    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

    • 1201 Canal Apartments / Hotel
    • 1201 Canal Condominiums / Condominium Complex
    • Bounce Luggage Storage - Canal + Rampart / Luggage Storage Facility / Luggage Store
    • KFK Group / Real Estate Developer

    Property Details for 1201 Canal St Ste C2

    Year built
    1980
    Lot size
    0.06 lot acres
    Property size
    6,738 SF
    Property type
    Office Properties & Spaces
    APN
    206104802
    APU
    206104802

    Description

    This exceptional retail space, located at 1201 Canal Street in New Orleans, LA, 70112, offers a unique opportunity within a thriving urban environment. The property, formerly the Krauss Department Store, has undergone extensive redevelopment and is now part of the upscale 1201 Canal Condominiums, a 233-unit luxury residential building with an 85% occupancy rate. The available retail space totals 20,000 square feet, divisible to a minimum of 5,000 square feet, providing flexibility for various retail concepts. Built in 1903, this single-building property boasts high visibility and accessibility, with frontage on Canal, Basin, and Crozat Streets. Its central location in the New Orleans Central Business District (CBD) places it within one block of the French Quarter and the Central Business District, directly across from Tulane Medical Center and the renovated Saenger Theatre. The property's proximity to the Canal Street streetcar, LSU University Medical Center, and the VA Hospital ensures high foot traffic and accessibility for both residents and visitors. This prime location offers unparalleled exposure and connectivity within the heart of New Orleans' vibrant urban core. The space is ideal for businesses seeking a high-profile location with strong visibility and access to a diverse customer base.

    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
    -90.0732
    Latitude
    29.9573
    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
    $12,090
    $49,020
    $61,110
    -
    $120,900
    $326,800
    $447,700

    Comparable in this City

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    New Orleans, LA 70112-2707
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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.

    More about this property
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