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Property profile & analytics
OFF-MARKET
Estimated value
$10,260,000
Hotels
226 Carondelet St New Orleans, LA 70130-2901
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US36-0425735
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1904
Total area
191,510 SF
Lot
0.4 ac (17,576 SF)
APN
105101303
UPID
US36-0425735
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
Current use
Occupant on record · Public records
-
Hampton Inn & Suites New Orleans Downtown (French Quarter Area) Hotel & Motel
-
Norwegian Cruise Line Port at New Orleans Freight Service Logistics Company
-
Hotel Hotel & Motel
-
LibertyX Bitcoin ATM Atm
-
The little Big Cup Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.26M
Owner & transaction history
Nf IV-1 Nola Garden LLC · 6 yrs held
Nf IV-1 Nola Garden LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,010,000
6.5%
$11,085,000
7%
$10,290,000
Blend value · Realmo final
$10.26M
Range $9.23M – $11.29M · ±10%
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
$54 / 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
$1,994,770
Assessed 2023
Previous assessed
$1,397,500
+42.7% YoY
Assessed land
$105,460
Assessed improvement
$1,889,310
Land market value
$1,054,600
Improvement market value
$12,595,400
Total market value
$13,650,000
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1904
Heating
NONE
Total area
191,510 SF
Lot
0.4 ac (17,576 SF)
APN
105101303
UPID
US36-0425735
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
Building & site characteristics
From public records
Year built
1904
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Nf IV-1 Nola Garden LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3424 PEACHTREE RD NE, ATLANTA, GA 30326-1118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2020
$15,049,400
Nf IV-1 Nola Garden LLC
Bre Nola Property Owner LLC
Grant Deed
—
Apr 9, 2020
$27,366,500
Nf IV-i Nola Fq LLC
Bre Nola Property Owner LLC
Grant Deed
$78,320,000 · Wells Fargo Bk
Apr 9, 2020
$39,571,600
Nf IV-i Nola Cc LLC
Bre Nola Property Owner LLC
Grant Deed
$78,320,000 · Wells Fargo Bk
Jan 23, 2015
$22,494,247
Bre Nola Property Owner LLC
Emporia Lc
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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