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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Investment properties
2606 Saint Louis St New Orleans, LA 70119-5440
Entity Owned
2-yr Hold
Property ID
US36-0369406
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
28,433 SF
Lot
0.48 ac (20,812 SF)
APN
206203924
UPID
US36-0369406
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.09M
Owner & transaction history
Updog Holdings LLC · 2 yrs held
Updog Holdings LLC
since 2024
Last sale
$150
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+32.9%
Auto repair, garage
$3.3M
+28.3%
Medical building
$3.3M
+26.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,600,000
Current use
OFFICE BUILDING
$3,450,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,330,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$3,290,000
Change: +27% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,595,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $150 (Jun 27 2024)
Last sale anchor
$150
Jun 27 2024
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
$73 / 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
$241,500
Assessed 2023
Previous assessed
$301,480
-19.9% YoY
Assessed land
$20,810
Assessed improvement
$220,690
Land market value
$208,100
Improvement market value
$1,671,900
Total market value
$1,880,000
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Total area
28,433 SF
Lot
0.48 ac (20,812 SF)
APN
206203924
UPID
US36-0369406
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Updog Holdings LLC
Entity
Mailing address
2606 SAINT LOUIS ST, NEW ORLEANS, LA 70119-5440
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$150
Updog Holdings LLC
Gce Green St Louis LLC
Cash Sale Deed
$266,250 · Gulf Coast Bank & Trust Company
Mar 25, 2024
$220,000
James Michael Pierce
Gce Green St Louis LLC
Cash Sale Deed
$209,000 · Credit Human Federal Credit Union
Sep 6, 2018
—
Gce Green St Louis LLC
—
Deed
related
$918,550 · Darryl & Louelien Berger Fam L
Jul 22, 2015
$749,100
Gce Green St Louis LLC
Tulane Industrial Laundry INC
Grant Deed
$525,000 · Gulf Coast Bk
—
—
Gce Green St Louis LLC
—
Deed Of Trust
related
$918,550 · Darryl & Louelien Berger Fam L
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.
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