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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Investment properties
2726 Royal St New Orleans, LA 70117-7358
Entity Owned
Absentee Owner
Free & Clear
Property ID
US36-0276246
Property summary
AI-generated overview
This exceptional 3,622 square foot mixed-use property is ideally situated in New Orleans' highly sought-after Marigny neighborhood, bordering the Bywater. The space boasts a versatile layout perfect for a variety of businesses. The office area features 8-foot ceilings, ceramic tile flooring, central air and heat, one bathroom, three private offices, and a potential break room. The warehouse component offers substantial functionality with 14-foot ceilings, new LED lighting, a utility sink, and ample attic storage above the office. A large roll-up door with remote access ensures convenient loading and unloading, further enhanced by covered rear access on Architect Place, providing protection from inclement weather. This property is zoned for Historic Mixed Use within Orleans Parish and is available for lease at a gross monthly rate of $4,000. Utilities are the responsibility of the tenant. The single-tenant space presents a unique opportunity to establish a thriving business in a vibrant and historic location. This is a rare find in this desirable submarket.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
7,528 SF
Lot
0.08 ac (3,625 SF)
APN
39W106911
UPID
US36-0276246
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
$890k
Blend (final)
Blend
$825k
Owner & transaction history
TEKIEVILLE INVESTMENTS LLC
TEKIEVILLE INVESTMENTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+69.0%
Office building
$1.0M
+51.9%
Auto repair, garage
$880,000
+33.8%
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)
$660,000
Current use
RETAIL STORES
$1,115,000
Change: +69% · Conversion: Easy
OFFICE BUILDING
$1,000,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$870,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$110 / 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
$73,960
Assessed 2023
Previous assessed
$35,560
+108.0% YoY
Assessed land
$9,060
Assessed improvement
$64,900
Land market value
$90,600
Improvement market value
$519,200
Total market value
$609,800
Applied tax rate
3.0000
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
1940
Construction
FRAME
Heating
NONE
Stories
1
Total area
7,528 SF
Lot
0.08 ac (3,625 SF)
APN
39W106911
UPID
US36-0276246
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
$660,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
MEDICAL BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1940
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
TEKIEVILLE INVESTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9407 ARBOREAL CT, NEW ORLEANS, LA 70123-2636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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