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    Property profile & analytics

    1501 Airline Ave Gramercy, LA 70052-3013

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US36-2065221
    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

    • St James Nursery / Plant Nursery / Fertilizer Supplier

    Property Details for 1501 Airline Ave

    Year built
    1800
    Property type
    Commercial real estate
    APN
    100115200
    APU
    100115200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gramercy
    County
    Saint James
    State
    Louisiana
    Longitude
    -90.706
    Latitude
    30.074
    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
    2023
    $1,020
    $2,500
    $6,750
    $9,250
    -
    $25,000
    $45,000
    $70,000

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      240 Main St

      COMMERCIAL (GENERAL) • 0.03 Acres
      240 Main St, Gramercy, LA 70052
      View Details
    • Value Estimation
      $215,000
      1,792 SF

      1715 Deroche Cir

      COMMERCIAL (GENERAL) • 1,792 SF
      1715 Deroche Cir, Gramercy, LA 70052-3557
      View Details
    • Value Estimation
      $185,000
      5,150 SF

      1741 Deroche Cir

      COMMERCIAL (GENERAL) • 5,150 SF
      1741 Deroche Cir, Gramercy, LA 70052-3557
      View Details
    • Value Estimation by Request
      0.12 Acres

      415 Main St

      COMMERCIAL (GENERAL) • 0.12 Acres
      415 Main St, Gramercy, LA 70052
      View Details
    • Value Estimation
      $170,000
      0.41 Acres

      1729 Deroche Cir

      COMMERCIAL (GENERAL) • 0.41 Acres
      1729 Deroche Cir, Gramercy, LA 70052-3557
      View Details
    • Value Estimation
      $285,000
      4,279 SF

      10800 Hwy 3125

      COMMERCIAL (GENERAL) • 4,279 SF
      10800 Hwy 3125, Gramercy, LA 70052-3036
      View Details

    Similar Nearby for Sale

    • $525,000
      14,000 SF

      Gramercy Commercial Investment Opportunity

      Stable NNN Lease, High-Traffic Location
      310 Main St, Gramercy, LA 70052
      View Details
    • $225,000
      1,502 SF

      Gramercy Commercial Building - Main St

      Move-in ready, renovated commercial space.
      224 Main St, Gramercy, LA 70052
      View Details
    • $499,000

      Gramercy Retail Investment Opportunity

      Single tenant NNN investment property with long-term tenancy history.
      310 E Main St, Gramercy, LA 70052
      View Details
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    1501 Airline Ave
    Gramercy, LA 70052-3013
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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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