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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    202 Harrison Ave New Orleans, LA 70124-1303

    • Investment properties
    • 1,838 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    $640,000
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    4.7%
    Investment properties
    Location Intelligence
    Property ID
    US36-2622322
    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

    • parkingmgt.com / Parking Lot
    • Roy Law, LLC / Law Firm

    Property Details for 202 Harrison Ave

    Year built
    1950
    Lot size
    0.11 lot acres
    Property size
    1,838 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    716502417
    APU
    716502417

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000
      ML approach
      $510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $380,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $303,000
      Market price range: $72.4k - $304k

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.1174
    Latitude
    30.0054
    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
    $9,600
    $60,000
    $69,600
    -
    $96,000
    $480,000
    $576,000

    Comparable in this City

    • Value Estimation by Request
      2,714 SF

      230 Polk St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,714 SF
      230 Polk St, New Orleans, LA 70124-1930
      View Details
    • Value Estimation by Request
      0.13 Acres

      7119 End Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      7119 End Blvd, New Orleans, LA 70124-2328
      View Details
    • Value Estimation
      $630,000
      5,414 SF

      177 Harrison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,414 SF
      177 Harrison Ave, New Orleans, LA 70124-2009
      View Details
    • Value Estimation by Request
      1,830 SF

      129 Polk St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,830 SF
      129 Polk St, New Orleans, LA 70124-1927
      View Details
    • Value Estimation by Request
      3,729 SF

      6610 Fleur De Lis Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,729 SF
      6610 Fleur De Lis Dr, New Orleans, LA 70124-1430
      View Details
    • Value Estimation by Request
      2,278 SF

      5537 Canal Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,278 SF
      5537 Canal Blvd, New Orleans, LA 70124-2715
      View Details

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      Duplex in great Lakeview location with leases in place.
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      Townhome style duplex with fenced backyards and storage sheds.
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      New Orleans Duplex with Carports

      Townhome-style duplex in New Orleans with fenced yards and storage.
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      Building with parking lot available for sale or lease.
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    Similar Nearby for Lease

    • $13 SF/Yr
      4,536 SF

      Lakeview Office/Retail Sublease Opportunity

      Office/retail space available for sublease in Lakeview, New Orleans.
      7039 Canal Blvd, New Orleans, LA 70124
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    • $2,400 /Mo
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      Renovated Office Space in Lakeview

      Renovated office space in Lakeview with private offices and lounge.
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      View Details
    • $2,400,000
      64,000 SF

      Lakeview Vacant Land For Lease

      64,000 SF vacant land in Lakeview area, New Orleans.
      320 Harrison Ave, New Orleans, LA 70124
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      Elegant Lower-Level Residence in Lakeview

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      Lakefront Living Apartment Available Now

      Two-bedroom apartment near the lake with saltwater pool and courtyard.
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      View Details
    • $25 SF/Yr
      6,231 SF

      Lakeview Medical Office Space for Sale

      Move-in ready, prime medical office in Lakeview.
      7030 Canal Blvd, New Orleans, LA 70124
      View Details
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    202 Harrison Ave
    New Orleans, LA 70124-1303
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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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