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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Medical Office Space
1936 Magazine St New Orleans, LA 70130-5016
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US36-2562217
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1900
Total area
11,088 SF
Lot
0.14 ac (6,309 SF)
APN
411203114
UPID
US36-2562217
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
-
Suzanne Fourrier Physician
-
Gail Mcclave Pediatrician Physician
-
Ariel Aguillard Pediatrician Physician
-
Hilary Brown Physician
-
Mrs. Winifred Johnson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.35M
Owner & transaction history
Stthomas Real Estate LLC · 15 yrs held
Stthomas Real Estate LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+63.5%
Retail stores
$1.6M
+28.0%
Auto repair, garage
$1.3M
+1.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,280,000
Current use
RESTAURANT
$2,095,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,300,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,295,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10%
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
$122 / 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
$256,410
Assessed 2023
Previous assessed
$256,410
+0.0% YoY
Assessed land
$22,080
Assessed improvement
$234,330
Land market value
$220,800
Improvement market value
$1,562,200
Total market value
$1,783,000
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1900
Heating
NONE
Total area
11,088 SF
Lot
0.14 ac (6,309 SF)
APN
411203114
UPID
US36-2562217
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
MEDICAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1900
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Stthomas Real Estate LLC
Entity
Mailing address
1020 SAINT ANDREW ST, NEW ORLEANS, LA 70130-5022
Ownership since
2011
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
Mar 28, 2011
$850,000
Stthomas Real Estate LLC
Stthomas Community Heal
Grant Deed
$5,406 · Caplink Nmtc Cde 2 LLC
Oct 18, 2010
$850,000
St Thomas Comm Health Ctr INC
Hooter,ory J JR
Grant Deed
—
Jul 24, 2009
—
Ory James Hooter JR.
Casey,keith M
Quit Claim Deed
related
—
May 8, 2008
$1,000,000
Putumayo World Culture Ctr LLC
Hooter,ory J JR
Grant 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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