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Property profile & analytics
OFF-MARKET
Hotels
1600 Canal St New Orleans, LA 70112-2820
Entity Owned
4-yr Hold
Free & Clear
Property ID
US36-0057597
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1960
Total area
126,676 SF
Lot
0.21 ac (9,301 SF)
APN
105103601
UPID
US36-0057597
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
-
smoothie king center Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Convention center Parking Lot & Garage
-
FlowJet Pressure Washing Service Landscaping General Contractor
-
Vue Bar & Pub
-
KnockOut! Resumes LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Summit Nci Jv 182 183 LLC · 4 yrs held
Summit Nci Jv 182 183 LLC
since 2022
Last sale
$31.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,439,550
Assessed 2023
Previous assessed
$351,750
+309.3% YoY
Assessed land
$74,410
Assessed improvement
$1,365,140
Land market value
$744,100
Improvement market value
$9,100,900
Total market value
$9,845,000
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
1960
Heating
NONE
Total area
126,676 SF
Lot
0.21 ac (9,301 SF)
APN
105103601
UPID
US36-0057597
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
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Summit Nci Jv 182 183 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
13215 BEE CAVE PKWY STE B300, AUSTIN, TX 78738-0066
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$31,050,000
Summit Nci Jv 182 183 LLC
Supreme Bright New Orleans H LLC
Cash Sale Deed
—
Jun 15, 2018
—
Supreme Bright Nola II Subtena
—
Grant Deed
related
$27,000,000 · Wells Fargo Bk
Jul 28, 2017
—
Supreme Bright New Orleans II
—
Grant Deed
related
$100,000,000 · Southwest Bk
Oct 1, 2015
—
Supreme Bright New Orleans II LLC
1600 Canal LLC
Warranty Deed
—
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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