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Property profile & analytics
FOR SALE
Apartment buildings
1356 Flanders St New Orleans, LA 70114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US36-0591659
For Sale
1 / 37
$800,000
1356 Flanders St, New Orleans, LA 70114
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
6,774 SF
Lot
0.16 ac (7,008 SF)
APN
513709440
UPID
US36-0591659
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Cls Properties 11 LLC · 4 yrs held
Cls Properties 11 LLC
since 2022
Last sale
$744,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+26.7%
Office building
$900,000
+13.8%
Auto repair, garage
$795,000
+0.3%
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
$470,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
RETAIL STORES
$1,005,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$795,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$700,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $744k (Jan 4 2022)
Last sale anchor
$744k
Jan 4 2022
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
$110 / 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
$74,400
Assessed 2023
Previous assessed
$34,190
+117.6% YoY
Assessed land
$1,050
Assessed improvement
$73,350
Land market value
$10,500
Improvement market value
$733,500
Total market value
$744,000
Applied tax rate
5.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1965
Heating
NONE
Total area
6,774 SF
Lot
0.16 ac (7,008 SF)
APN
513709440
UPID
US36-0591659
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$790,000
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$795,000
MEDICAL BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1965
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Cls Properties 11 LLC
Entity
Mailing address
1029 N DORGENOIS ST, NEW ORLEANS, LA 70119-3413
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Cls Properties 11 LLC
—
Deed
related
$1,250,000 · Hights Properties LLC
Oct 18, 2022
—
Cls Properties 11 LLC
—
Deed
related
$684,250 · American Bank & Trust Company
Jan 4, 2022
$744,000
Cls Properties 11 LLC
Willow Tree Heights LLC
Deed
$595,200 · Silver Hill Funding LLC
Jul 11, 2016
$465,000
Willow Tree Heights LLC A Limited L
Nola Restoration X LLC A Limited Li
Warranty Deed
—
Jan 10, 2012
$24,500
Gulf Coast Bk & Trust Co
Sheriff Of Orleans County
Trustees Deed
related
—
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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