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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Medical Office Space
2908 General Degaulle Dr New Orleans, LA 70114-6440
Entity Owned
2-yr Hold
Free & Clear
Property ID
US36-0518478
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2017
Total area
7,207 SF
Lot
0.96 ac (42,000 SF)
APN
513512508
UPID
US36-0518478
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
Current use
Occupant on record · Public records
-
Fresenius Kidney Care Algiers Medical Clinic
-
Rodent Control New Orleans Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$970k
Owner & transaction history
Smbc Leasing And Finance INC · 2 yrs held
Smbc Leasing And Finance INC
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+63.5%
Retail stores
$1.1M
+28.0%
Office building
$960,000
+15.0%
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
MEDICAL BUILDING
$835,000
Current use
RESTAURANT
$1,365,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,065,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$845,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$840,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$745,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$135 / 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
$401,100
Assessed 2023
Previous assessed
$401,100
+0.0% YoY
Assessed land
$37,800
Assessed improvement
$363,300
Land market value
$378,000
Improvement market value
$2,422,000
Total market value
$2,800,000
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2017
Heating
NONE
Total area
7,207 SF
Lot
0.96 ac (42,000 SF)
APN
513512508
UPID
US36-0518478
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
MEDICAL BUILDING Current
Est. value
$835,000
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$745,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2017
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Free & Clear · 2 yrs held
Mailing address
841 GILBERT HWY, FAIRFIELD, CT 06824-1646
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 1, 2023
$5,442,000
Smbc Leasing And Finance INC
2908 General Degaulle Dr Nola LLC
Deed
—
Oct 8, 2020
—
2908 General Degaulle Dr Nola LLC
—
Deed
related
$610,000 · Investar Bank NA
Jun 3, 2019
$5,350,000
2908 General Degaulle Dr Nola
General Degaulle Drive Algiers
Grant Deed
related
—
Jun 20, 2016
$493,500
General Degaulle Drive Algiers
Zen-prop LLC
Grant Deed
$2,600,000 · Avenue Bk
Apr 15, 2011
$180,000
Zen Prop LLC
Fidelity Homestead Svg
Grant Deed
—
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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