Financial
Distress signals
Property profile

2850 Magazine St New Orleans, LA 70115

OFF-MARKET
Retail space
Property ID
US36-0042117
5,000 SF 0.13 ac lot Built 1920
Last sale Mar 2013 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,920 square foot retail storefront, located at 2850 Magazine Street in New Orleans, Louisiana, presents a rare investment opportunity. Situated on a vibrant stretch of Magazine Street, this single-story building boasts 41 feet of prime storefront frontage featuring large, double glass roll-up doors, ensuring optimal visibility and accessibility for customers. A complete historic renovation in 2014 modernized all plumbing, electrical, mechanical, and sprinkler systems,…

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$122k
Assessed land$20k
Assessed improvement$102k

Value estimate

· Sep 2026
$235k
$212k – $259k
CAP approach$670k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$329/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$116 – $438

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair11.4
Daycare Center11.0
Electrical Service10.8

Location

2850 Magazine St New Orleans, LA 70115-2229
County assessor Recorded deeds · 3 transfers 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2901 Tchoupitoulas, New Orleans, LA 70115-1038 $1,470,000 Feb 2025 6,050 SF
2842 Magazine, New Orleans, LA 70115-2229 $1,700,000 Sep 2024 3,248 SF
4645 Freret, New Orleans, LA 70115-6318 $750,000 Dec 2023 8,987 SF
5223 Frnt, New Orleans, LA 70115-1857 $485,000 Jun 2022 4,200 SF
3701 Magazine, New Orleans, LA 70115-2636 $1,732,060 May 2022 4,951 SF
1802 Louisiana, New Orleans, LA 70115 $155,000 Sep 2021 3,131 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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