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Property profile & analytics
OFF-MARKET Estimated value $1,770,000
Office buildings

142 Delaronde St New Orleans, LA 70114-2326

1.3 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US36-0567065
Property summary
AI-generated overview

This exceptional 80,884 square foot office complex, located at 142 Delaronde Street in Algiers Point, New Orleans, Louisiana, presents a unique investment opportunity. The property, built in 1966, comprises five buildings across five stories and sits on a 57,935 square foot lot. Zoned MU-1, it offers significant potential for adaptive reuse, potentially qualifying for state and/or federal historic tax credits. Its prime location directly across from the Algiers Ferry terminal provides unparalleled access to the Central Business District, Warehouse District, and French Quarter, ensuring convenient seven-day-a-week connectivity. The asking price is $3,375,000, translating to $41.73 per square foot. The property boasts breathtaking views of the New Orleans skyline and is situated in one of the city's most desirable neighborhoods. This presents an ideal opportunity for a mixed-use development project within a vibrant and established community. The property's rich history and strategic location offer a chance to create a lasting legacy in this historic city. Note that this property can be sold as a package with 149 Delaronde Street. The property features a total of five buildings.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 1.3 ac (56,450 SF)
APN 513101011
UPID US36-0567065
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
$1.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M
Owner & transaction history
Iron Aura LLC · 1 yrs held
Iron Aura LLC
since 2025
Last sale
$1.9M
3 recorded transactions
2025
$1.9M
2020
$160,000
2020
$2.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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