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

    2405 Saint Charles Ave New Orleans, LA 70130-5839

    • Apartment buildings
    • 4,824 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2510094
    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 2405 Saint Charles Ave

    Year built
    1950
    Lot size
    0.12 lot acres
    Property size
    4,824 SF
    Property type
    Apartment buildings
    APN
    412105705
    APU
    412105705

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $565,000
      Current use
      RETAIL STORES
      $715,000
      Change: +27% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $565,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $560,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0832
    Latitude
    29.933
    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
    $26,250
    $61,250
    $87,500
    -
    $262,500
    $690,800
    $953,300

    Comparable in this City

    • Value Estimation
      $520,000
      6,109 SF

      1619 1st St

      APARTMENT HOUSE (5+ UNITS) • 6,109 SF
      1619 1st St, New Orleans, LA 70130-6302
      View Details
    • Value Estimation by Request
      3,380 SF

      614 4th St

      APARTMENT HOUSE (5+ UNITS) • 3,380 SF
      614 4th St, New Orleans, LA 70130-5432
      View Details
    • Value Estimation by Request
      4,484 SF

      1443 Annunciation St

      APARTMENT HOUSE (5+ UNITS) • 4,484 SF
      1443 Annunciation St, New Orleans, LA 70130-4539
      View Details
    • Value Estimation
      $1,140,000
      34,706 SF

      950 Josephine St, Unit I

      APARTMENT HOUSE (5+ UNITS) • 34,706 SF
      950 Josephine St, New Orleans, LA 70130-5057
      View Details
    • Value Estimation by Request
      6,568 SF

      1123 Margaret Pl

      APARTMENT HOUSE (5+ UNITS) • 6,568 SF
      1123 Margaret Pl, New Orleans, LA 70130-4311
      View Details
    • Value Estimation by Request
      2,352 SF

      1022 Saint Mary St

      APARTMENT HOUSE (5+ UNITS) • 2,352 SF
      1022 Saint Mary St, New Orleans, LA 70130-5026
      View Details

    Similar Nearby for Sale

    • $489,000
      1,399 SF

      Garden District Corner Unit Condo

      Refined 3-bedroom condo in the heart of the Garden District.
      1550 2Nd St, New Orleans, LA 70130
      View Details
    • $1,100,000
      3,300 SF

      French Quarter Mixed-Use Building

      Three-story building with retail and apartments in prime location.
      228 Chartres St, New Orleans, LA 70130
      View Details
    • $2,075,000
      6,000 SF

      New Orleans Apartment Complex

      Eight-unit apartment complex near Magazine Street in New Orleans.
      912 4Th St, New Orleans, LA 70130
      View Details
    • $725,000
      1,688 SF

      Warehouse District Condo with Amenities

      Spacious condo with exposed beams, pool, and convenient location.
      840 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $1,245,000
      12,500 SF

      Royal Street Mixed-Use Investment

      Four apartments and 10,000+ sq ft of office space.
      3037 Royal St, New Orleans, LA 70130
      View Details
    • $3,195,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      1,688 SF

      Furnished Condo in Sugar Plantation

      Spacious, furnished condo with exposed beams and in-ground pool.
      840 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $3,500,000
      6,402 SF

      Mixed-Use Building in New Orleans

      Three-story building with bar, event space, and apartment.
      1131 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $2,123 /Mo
      950 SF

      French Quarter Condo For Rent

      Elegant 2-bedroom condo in the heart of the French Quarter.
      221 Chartres St, New Orleans, LA 70130
      View Details
    • $12,500 /Mo
      8,602 SF

      Renovated Mixed-Use Property For Lease

      Versatile property with commercial space and luxury living quarters.
      3157 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $22 SF/Yr
      5,847 SF

      St. Charles Ave Retail Opportunity

      Prime New Orleans Retail Space
      1400 St Charles Ave, New Orleans, LA 70130
      View Details
    • $18 SF/Yr
      36,000 SF

      St. Charles Ave Office Suites

      Historic Charm, Modern Office Space
      1820 St. Charles Ave, New Orleans, LA 70130
      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.
    2405 Saint Charles Ave
    New Orleans, LA 70130-5839
    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.