Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 Amelia St New Orleans, LA 70115-5867

    • Apartment buildings
    • 4,624 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2024
    $819,600
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    2.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US36-0543200
    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

    • Apartment buildings

    Property Details for 2216 Amelia St

    Year built
    1960
    Lot size
    0.17 lot acres
    Property size
    4,624 SF
    Property type
    Apartment buildings
    APN
    614321608
    APU
    614321608

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,520,000
      COMMERCIAL (GENERAL)
      $830,000
      OFFICE BUILDING
      $615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0967
    Latitude
    29.9334
    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
    $7,520
    $43,040
    $50,560
    -
    $75,200
    $430,400
    $505,600

    Comparable in this City

    • Value Estimation by Request
      3,472 SF

      2828 Lasalle St

      APARTMENT HOUSE (5+ UNITS) • 3,472 SF
      2828 Lasalle St, New Orleans, LA 70115
      View Details
    • Value Estimation by Request
      4,666 SF

      4723 Carondelet St

      APARTMENT HOUSE (5+ UNITS) • 4,666 SF
      4723 Carondelet St, New Orleans, LA 70115-4862
      View Details
    • Value Estimation by Request
      5,850 SF

      2915 Dryades St

      APARTMENT HOUSE (5+ UNITS) • 5,850 SF
      2915 Dryades St, New Orleans, LA 70115-5115
      View Details
    • Value Estimation
      $540,000
      8,000 SF

      1309 Milan St

      APARTMENT HOUSE (5+ UNITS) • 8,000 SF
      1309 Milan St, New Orleans, LA 70115-3820
      View Details
    • Value Estimation
      $515,000
      6,734 SF

      1838 Upperline St

      APARTMENT HOUSE (5+ UNITS) • 6,734 SF
      1838 Upperline St, New Orleans, LA 70115-5563
      View Details
    • Value Estimation by Request
      3,746 SF

      5952 Tchoupitoulas St

      APARTMENT HOUSE (5+ UNITS) • 3,746 SF
      5952 Tchoupitoulas St, New Orleans, LA 70115-2149
      View Details

    Similar Nearby for Sale

    • $1,345,000
      1,943 SF

      Restored Mixed-Use Corner Building

      Meticulously restored mixed-use property in desirable New Orleans neighborhood.
      601 8Th St, New Orleans, LA 70115
      View Details
    • $650,000
      3,068 SF

      New Orleans Multi-Unit Investment Property

      Six-unit property near Magazine Street, ideal for investors or buyers.
      4318 Annunciation St, New Orleans, LA 70115
      View Details
    • $279,000
      846 SF

      Move-in Ready Condo Near St. Charles

      Convenient condo near St. Charles Avenue, ideal for New Orleans living.
      3205 Carondelet St, New Orleans, LA 70115
      View Details
    • $650,000
      3,068 SF

      New Orleans Apartment Complex For Sale

      Six-unit apartment complex near Magazine Street and universities.
      4318 Annunciation St, New Orleans, LA 70115
      View Details
    • Contact for pricing
      1,900 SF

      New Orleans Mixed-Use Portfolio

      16 Renovated Properties, Owner Financing
      309 Octavia St, New Orleans, LA 70115
      View Details
    • $799,000
      2,802 SF

      Magazine Street Duplex Opportunity

      Uptown New Orleans duplex on vibrant Magazine Street.
      4851 Magazine St, New Orleans, LA 70115
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      14,583 SF

      Prime Medical Office Condos

      Orleans Parish: Lease or Buy
      3525 Prytania St, New Orleans, LA 70115
      View Details
    • $1,500 /Mo
      825 SF

      Charming Unit on 7th Street

      Well-maintained 1 bed, 1 bath unit with modern amenities.
      1724 7Th St, New Orleans, LA 70115
      View Details
    • $1,325 /Mo
      572 SF

      Renovated Apartment in Gated Community

      One-bedroom apartment with renovated kitchen and bath in New Orleans.
      2122 Franklin Ct, New Orleans, LA 70115
      View Details
    • $1,750 /Mo
      1,000 SF

      Well-Maintained Apartment Near Freret Street

      Two-bedroom, two-bathroom apartment near restaurants and bars.
      4107 Clara St, New Orleans, LA 70115
      View Details
    • $1,300 /Mo
      570 SF

      Loyola Avenue One-Bedroom Unit

      One-bedroom, one-bath unit with updated features and courtyard access.
      3308 Loyola Ave, New Orleans, LA 70115
      View Details
    • $36 SF/Yr
      2,010 SF

      Magazine Street Retail Space

      Prime New Orleans storefront, 2,010 sq ft.
      3819 Magazine St, New Orleans, LA 70115
      View Details
    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.
    2216 Amelia St
    New Orleans, LA 70115-5867
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.