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Property profile & analytics
OFF-MARKET
Apartment buildings
1716 Marais St New Orleans, LA 70116-1462
Entity Owned
8-yr Hold
Property ID
US36-2545613
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.07 ac (3,072 SF)
APN
37W103410
UPID
US36-2545613
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T & T Real Estate Dev LLC · 8 yrs held
T & T Real Estate Dev LLC
since 2017
7 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
$63,020
Assessed 2023
Previous assessed
$1,840
+3,325.0% YoY
Assessed land
$1,840
Assessed improvement
$61,180
Land market value
$18,400
Improvement market value
$611,800
Total market value
$630,200
Applied tax rate
3.0000
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
Off-Market
Heating
NONE
Lot
0.07 ac (3,072 SF)
APN
37W103410
UPID
US36-2545613
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
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
T & T Real Estate Dev LLC
Entity
Mailing address
PO BOX 640145, KENNER, LA 70064-0145
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
—
1716 Marais Newco LLC
—
Deed
related
$750,000 · Finance Of America Mortgage LLC
May 23, 2019
—
T & T Real Estate Dev LLC
—
Deed
related
$272,664 · Resource Bk
Sep 7, 2017
—
T & T Real Estate Dev LLC
—
Deed
related
$5,000,000 · Loan Ptrs
Aug 22, 2017
—
T & T Real Estate Dev LLC
Mobxxiii LLC
Quit Claim Deed
related
—
Jun 14, 2017
$3,600
Mobxxiii LLC
Sanders,crystal
Quit Claim Deed
related
—
Jan 3, 2017
$39,000
Mobxxiii LLC
Tadlock,ayjaun
Grant Deed
—
May 19, 2016
$800
Crystal Sanders
Lawson,annette
Quit Claim Deed
related
—
—
—
T & T Real Estate Dev LLC
—
Deed Of Trust
related
$272,664 · Resource Bk
—
—
T & T Real Estate Dev LLC
—
Deed Of Trust
related
$5,000,000 · Loan Ptrs
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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