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Property profile & analytics
OFF-MARKET
Estimated value
$37,265,000
Hotels
1201 Convention Ctr Blvd New Orleans, LA 70130-8904
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US36-0440918
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1955
Total area
188,935 SF
Lot
1.12 ac (48,960 SF)
APN
102101002
UPID
US36-0440918
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hampton Inn & Suites New Orleans-Convention Center Hotel & Motel
-
SMOOTHIE KING CENTER Gym & Fitness Center Sports Field & Court
-
USCIS NEW ORLEANS Corporate Office
-
Pere Antoine restaurant Restaurant
-
Brennans Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.10M
Blend (final)
Blend
$37.27M
Owner & transaction history
Nf IV-i Nola Fq LLC · 6 yrs held
Nf IV-i Nola Fq LLC
since 2020
Last sale
$39.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$44.2M
+19.9%
Commercial (general)
$39.6M
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Orleans submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$34,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$36,875,000
Current use
OFFICE BUILDING
$44,200,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$39,590,000
Change: +7% · Conversion: Difficult
RESTAURANT
$35,725,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$37.27M
Range $33.54M – $40.99M · ±10% · vs last sale $39.57M (Apr 9 2020)
Last sale anchor
$39.57M
Apr 9 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$2,566,590
Assessed 2023
Previous assessed
$2,152,460
+19.2% YoY
Assessed land
$293,760
Assessed improvement
$2,272,830
Land market value
$2,937,600
Improvement market value
$15,152,200
Total market value
$18,089,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1955
Heating
NONE
Total area
188,935 SF
Lot
1.12 ac (48,960 SF)
APN
102101002
UPID
US36-0440918
Jurisdiction
ORLEANS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$36.9M
OFFICE BUILDING
Est. value
$44.2M
COMMERCIAL (GENERAL)
Est. value
$39.6M
RESTAURANT
Est. value
$35.7M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Nf IV-i Nola Fq LLC
Entity
Mailing address
3424 PEACHTREE RD NE, ATLANTA, GA 30326-1118
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2020
$27,366,500
Nf IV-i Nola Fq LLC
Bre Nola Property Owner LLC
Grant Deed
$78,320,000 · Wells Fargo Bk
Apr 9, 2020
$15,049,400
Nf IV-1 Nola Garden LLC
Bre Nola Property Owner LLC
Grant Deed
—
Apr 9, 2020
$39,571,600
Nf IV-i Nola Cc LLC
Bre Nola Property Owner LLC
Deed
$78,320,000 · Wells Fargo Bank NA
Jan 23, 2015
$24,924,716
Bre Nola Property Owner LLC
Fulton Bag Hotel Co LLC
Grant Deed
$400,000,000 · General Elec Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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