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    Property profile & analytics

    200 Hbr Cir New Orleans, LA 70126-1104

    • Showrooms
    • 12,120 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2023
    $515,000
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0478838
    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

    • Grip Systems / Warehouse
    • Verges Consultants Inc / Restaurant Supply Store / Professional Services

    Property Details for 200 Hbr Cir

    Year built
    1960
    Lot size
    0.57 lot acres
    Property size
    12,120 SF
    Property type
    Showrooms
    APN
    39W015270
    APU
    39W015270

    Description

    This exceptional 12,120 square foot, two-story office/warehouse property in New Orleans is now available for lease. The single-tenant building features approximately 7,146 square feet of usable space, ideally suited for a variety of businesses. The warehouse component boasts a convenient dock-high door and a rear grade-level door, enhancing operational efficiency. A substantial laydown yard is situated at the rear of the property, providing valuable additional storage or staging area. The property is ready for immediate occupancy and includes three restrooms and a refrigerator on each of the two floors. Strategically located approximately 15 minutes from the New Orleans Lakefront Airport and Interstate 10, this location offers unparalleled access to major transportation arteries, making it perfect for logistics and operations. The property's Orleans Parish address is 200 Harbor Cir, New Orleans, LA 70126, and its APN is 39W015270. This versatile property combines office and warehouse space with the added benefit of a laydown yard, presenting a unique opportunity for businesses seeking a functional and conveniently located space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $400,000
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $371,000
      Market price range: $156k - $541k

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0304
    Latitude
    30.0297
    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
    $8,720
    $46,920
    $55,640
    -
    $87,200
    $312,800
    $400,000

    Comparable in this City

    • Value Estimation
      $225,000
      1.00 Acre

      5701 France Rd

      SHOW ROOM, WAREHOUSE • 1.00 Acre
      5701 France Rd, New Orleans, LA 70126
      View Details
    • Value Estimation
      $370,000
      22,720 SF

      3855 France Rd

      SHOW ROOM, WAREHOUSE • 22,720 SF
      3855 France Rd, New Orleans, LA 70126-6923
      View Details
    • Value Estimation
      $530,000
      21,056 SF

      5650 Hayne Blvd

      SHOW ROOM, WAREHOUSE • 21,056 SF
      5650 Hayne Blvd, New Orleans, LA 70126-1124
      View Details
    • Value Estimation
      $185,000
      3,860 SF

      4624 Downman Rd

      SHOW ROOM, WAREHOUSE • 3,860 SF
      4624 Downman Rd, New Orleans, LA 70126-3719
      View Details
    • Value Estimation
      $185,000
      3,480 SF

      4607 Downman Rd

      SHOW ROOM, WAREHOUSE • 3,480 SF
      4607 Downman Rd, New Orleans, LA 70126-3718
      View Details
    • Value Estimation
      $200,000
      6,408 SF

      7822 Chef Menteur Hwy

      SHOW ROOM, WAREHOUSE • 6,408 SF
      7822 Chef Menteur Hwy, New Orleans, LA 70126-5324
      View Details

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    200 Hbr Cir
    New Orleans, LA 70126-1104
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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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