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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
2012 Bienville St New Orleans, LA 70112-3357
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US36-2515379
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
5,130 SF
Lot
0.13 ac (5,535 SF)
APN
206201415
UPID
US36-2515379
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$540k
Owner & transaction history
Lease Nola Management LLC · 4 yrs held
Lease Nola Management LLC
since 2022
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$760,000
+26.7%
Office building
$680,000
+13.8%
Auto repair, garage
$600,000
+0.3%
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
$410,000
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$600,000
Current use
RETAIL STORES
$760,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$600,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$530,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $650k (Feb 16 2022)
Last sale anchor
$650k
Feb 16 2022
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
$105 / 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
$61,200
Assessed 2023
Previous assessed
$58,560
+4.5% YoY
Assessed land
$8,300
Assessed improvement
$52,900
Land market value
$83,000
Improvement market value
$529,000
Total market value
$612,000
Applied tax rate
2.0000
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
Year built
1970
Heating
NONE
Total area
5,130 SF
Lot
0.13 ac (5,535 SF)
APN
206201415
UPID
US36-2515379
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$600,000
RETAIL STORES
Est. value
$760,000
OFFICE BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$600,000
MEDICAL BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lease Nola Management LLC
Entity
Mailing address
812 GRAVIER ST STE #360, NEW ORLEANS, LA 70112-1466
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
Cdjt Holdings LLC
—
Deed
related
$2,520,000 · Arbor Commercial Funding I LLC
Feb 16, 2022
$650,000
Lease Nola Management LLC
Thomas A Ries
Deed
$591,750 · Investar Bank National Association
Jan 3, 2018
$680,000
Thomas A Ries
R D Properties Of New Orleans LLC
Grant Deed
$382,200 · Private Individual
Jun 4, 2014
$250,770
Rd Prop Of New Orleans LLC
Home Bk
Grant Deed
$275,000 · Lender Private Party
Feb 14, 2014
$14,999
Invision Properties LLC
Jfk Capital Holdings LLC
Quit Claim Deed
related
—
—
—
R D Properties Of New Orleans LLC
—
Deed Of Trust
related
$400,000 · Investar Bk
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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