Financial
Distress signals
Property profile

235 Basin St New Orleans, LA 70112

FOR SALE
Retail space
Property ID
US36-0668650
3,072 SF 0.07 ac lot Built 1960
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 235 Basin St in New Orleans is a mixed-use site that includes a lot measuring approximately 30 by 30 feet located behind the building. The site has potential eligibility for rezoning to Neighborhood Commercial Establishment. The property is configured to be compatible with an NNN (triple-net) lease structure for future occupancy arrangements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$38k
Assessed land$11k
Assessed improvement$27k

Value estimate

· Sep 2026
$390k
$351k – $429k
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$950
Operating expenses−$14k
NOI · 814.97% cap applied$33k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$57 – $234

Cap rate analysis

How does the asset earn?
814.97%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORLEANS

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.9
Daycare Center12.3
Dental Office11.4

Location

235 Basin St New Orleans, LA 70112
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1421 Lafitte, New Orleans, LA 70112-3511 $560,000 Mar 2025 4,064 SF
1417 Lafitte, New Orleans, LA 70112 $560,000 Mar 2025 2,048 SF
2041 Canal, New Orleans, LA 70112-3017 $525,000 Oct 2023 1,199 SF
326 Roman, New Orleans, LA 70112 $575,000 May 2022 2,600 SF
414 Roman, New Orleans, LA 70112 $1,350,000 Jan 2020 21,025 SF
605 Dauphine, New Orleans, LA 70112-3413 $500,000 Oct 2019 1,998 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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