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    Property profile & analytics

    200 Broad St New Orleans, LA 70119-6447

    • Retail space
    • 16,980 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2516126
    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

    • Coin Cloud Bitcoin ATM / Currency Exchange Service / Atm
    • Children's Clinic-New Orleans / Doctor
    • Changing Faces barber and beauty / Beauty Salon
    • Who Dat Nail Spa II / Nail Salon
    • Community Care Solutions / Mental Health Clinic / Psychiatrist

    Property Details for 200 Broad St

    Year built
    1960
    Lot size
    0.09 lot acres
    Property size
    16,980 SF
    Property type
    Retail space
    APN
    105202112
    APU
    105202112

    Description

    This exceptional 800-square-foot office suite is available for lease in a prime New Orleans location at 200 S Broad St, Orleans Parish, LA 70119. Situated on the second floor of a larger building, this traditional office space offers convenient elevator access. The suite itself comprises three smaller, individual offices, perfect for a small business or team. A practical kitchenette and restroom are included within the suite for added convenience. The building features a rear parking lot, providing ample parking for tenants and their clients. This single-tenant space is ideal for those seeking a well-appointed, functional office in a desirable New Orleans location. Tenants are responsible for a monthly utility fee of $150, in addition to the base rent. The total building size is 16,980 square feet. This property presents a fantastic opportunity for businesses seeking a comfortable and efficient workspace in the heart of New Orleans. The address is easily accessible and benefits from the vibrancy of the surrounding area. This is a single-tenant occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0881
    Latitude
    29.9643
    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
    0
    $0.00
    $9,690
    $88,770
    $98,460
    -
    $96,900
    $591,800
    $688,700

    Comparable in this City

    • Value Estimation
      $235,000
      0.56 Acres

      3233 Saint Bernard Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.56 Acres
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      View Details
    • Value Estimation
      $310,000
      4,266 SF

      2931 Tulane Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,266 SF
      2931 Tulane Ave, New Orleans, LA 70119-7343
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    • Value Estimation
      $265,000
      1,200 SF

      1629 Gentilly Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1629 Gentilly Blvd, New Orleans, LA 70119-2161
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    • Value Estimation
      $295,000
      4,233 SF

      2645 Conti St

      RETAIL STORES (PERSONAL SERVICES) • 4,233 SF
      2645 Conti St, New Orleans, LA 70119-5615
      View Details
    • Value Estimation
      $285,000
      6,113 SF

      4910 Banks St

      RETAIL STORES (PERSONAL SERVICES) • 6,113 SF
      4910 Banks St, New Orleans, LA 70119-6609
      View Details
    • Value Estimation
      $210,000
      1,770 SF

      2600 Bienville St

      RETAIL STORES (PERSONAL SERVICES) • 1,770 SF
      2600 Bienville St, New Orleans, LA 70119-5610
      View Details

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    Similar Nearby for Lease

    • $1,400 /Mo
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      New Orleans Commercial Space For Rent

      Commercial space in high-traffic area suitable for various businesses.
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    • Contact for pricing
      6,936 SF

      Retail Space in New Orleans

      Retail space available for lease in New Orleans.
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      Prime New Orleans Retail Space

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      Office Space with Parking Garage

      Office space with on-site security and attached parking garage.
      2601 Tulane Ave, New Orleans, LA 70119
      View Details
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    200 Broad St
    New Orleans, LA 70119-6447
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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