Property profile

3100 Banks St New Orleans, LA 70119

OFF-MARKET
Investment properties
Property ID
US36-0465117
0.39 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,091 square foot office space, located at 3100 Banks Street in New Orleans' vibrant Mid-City neighborhood, presents a unique opportunity for businesses seeking a modern and versatile workspace. Part of a newly constructed (2022) three-story mixed-use development, this space is currently entirely vacant and offers flexible configurations, with a minimum divisible space of 1,200 square feet. The unit boasts an open floor plan, abundant natural light from street-facing floor-to-ceiling windows, and access to a spacious raised terrace ideal for outdoor seating. Delivered in "white box" condition, the space allows for extensive customization to meet specific business needs. The building features convenient street parking. The property is situated near major medical centers, including the VA Hospital, Tulane and LSU Medical Centers, and numerous local businesses, ensuring high visibility and accessibility. This location within a Qualified Opportunity Zone may offer significant tax advantages. The building comprises 23 total suites across its three stories. All measurements are approximate and should be independently verified. Zoning and intended use are also the responsibility of the tenant to verify.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.39 ac (17,002 SF)
APN 105205005
UPID US36-0465117

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Gym & Fitness Center

Location

3100 Banks St New Orleans, LA 70119-7269
New Orleans metro Census 6300 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.96M

Owner & transaction history

since 2021
Last sale
$6.0M
4 recorded transactions
2021
$6.0M
2018
Price N/A
2015
$250,000
2011
$100,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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