Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2001 Canal St New Orleans, LA 70112-3017
    Back to Search
    Property profile & analytics

    2001 Canal St New Orleans, LA 70112-3017

    View on Map
    • Apartment buildings
    • 38,160 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US36-0462542
    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.
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2001 Canal St

    Year built
    1960
    Construction
    BRICK
    Lot size
    0.21 lot acres
    Property size
    38,160 SF
    Property type
    Apartment buildings
    APN
    206201301
    APU
    206201301

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $870,000
      Market price range: $871k - $2.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0804
    Latitude
    29.9614
    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
    $37,430
    $56,870
    $94,300
    -
    $374,300
    $568,700
    $943,000

    Comparable in this City

    • Value Estimation by Request
      3,680 SF

      527 Burgundy St

      APARTMENT HOUSE (5+ UNITS) • 3,680 SF
      527 Burgundy St, New Orleans, LA 70112-3448
      View Details
    • Value Estimation by Request
      2,592 SF

      2009 Conti St

      APARTMENT HOUSE (5+ UNITS) • 2,592 SF
      2009 Conti St, New Orleans, LA 70112-3667
      View Details
    • Value Estimation
      $980,000
      10,280 SF

      308 Rampart St

      APARTMENT HOUSE (5+ UNITS) • 10,280 SF
      308 Rampart St, New Orleans, LA 70112-3106
      View Details
    • Value Estimation by Request
      2,340 SF

      1816 Iberville St

      APARTMENT HOUSE (5+ UNITS) • 2,340 SF
      1816 Iberville St, New Orleans, LA 70112-3329
      View Details
    • Value Estimation
      $555,000
      4,770 SF

      438 Dauphine St

      APARTMENT HOUSE (5+ UNITS) • 4,770 SF
      438 Dauphine St, New Orleans, LA 70112-3471
      View Details
    • Value Estimation by Request
      4,284 SF

      1000 Conti St

      APARTMENT HOUSE (5+ UNITS) • 4,284 SF
      1000 Conti St, New Orleans, LA 70112-3456
      View Details

    Similar Nearby for Sale

    • $3,260,000

      Redevelopment Opportunity with Tax Credits

      Redevelopment opportunity with historic tax credits in New Orleans.
      934 Canal St, New Orleans, LA 70112
      View Details
    • $454,900
      2,752 SF

      Well-Maintained Triplex Near Canal Street

      Triplex near Mid-City and Treme with income potential.
      1925 Iberville St, New Orleans, LA 70112
      View Details
    • $250,000
      0.08 Acres

      RV Lot Near French Quarter

      Privately-owned RV lot near French Quarter with luxury amenities.
      500 N Claiborne Ave, New Orleans, LA 70112
      View Details
    • New
      $225,000
      1.00 Acre

      RV Lot Near French Quarter

      Privately-owned RV lot near French Quarter with luxury amenities.
      500 N Claiborne Ave, New Orleans, LA 70112
      View Details
    • $265,000
      1.00 Acre

      RV Lot Near French Quarter

      Privately-owned RV lot in a luxury resort setting.
      500 N Claiborne Ave, New Orleans, LA 70112
      View Details
    • $1,999,995

      French Quarter Vacant Land Parcel

      Vacant land in the French Quarter near attractions.
      524 N Rampart St, New Orleans, LA 70112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Retail Space in Saratoga

      High-end retail space in a newly redeveloped downtown hotel.
      212 Loyola Ave, New Orleans, LA 70112
      View Details
    • Contact for pricing

      Office Space on Gravier Street

      Office space for lease in a high-traffic location.
      837 Gravier St, New Orleans, LA 70112
      View Details
    • Contact for pricing

      New Orleans CBD Office Space

      Office space in vibrant New Orleans CBD with convenient access.
      1615 Poydras St, New Orleans, LA 70112
      View Details
    • Contact for pricing

      Downtown Office Space Available

      16,000 SF office space in high-traffic downtown location.
      222 Baronne St, New Orleans, LA 70112
      View Details
    • Contact for pricing

      Modern Office Space in BioDistrict

      Office space in modern building near medical institutions and planned amenities.
      2000 Tulane Ave, New Orleans, LA 70112
      View Details
    • $8 SF/Yr

      Mid-City Warehouse Space Available

      37,000 SF warehouse space for lease in prime location.
      401 N Roman St, New Orleans, LA 70112
      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      2.3k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 Canal St
    New Orleans, LA 70112-3017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2001 Canal St, New Orleans, LA, 70112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!