Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3141 Gentilly Blvd New Orleans, LA 70122-3872

    • Commercial land
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0782937
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Greg's Rental And Purchase / Furniture Rental Service
    • Uniforms by Logo Express - Store 003 / Promotional Products Supplier / Screen Printer

    Property Details for 3141 Gentilly Blvd

    Lot size
    0.76 lot acres
    Property type
    Commercial land
    APN
    37W417802
    APU
    37W417802

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0603
    Latitude
    29.9996
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $16,490
    $0.00
    $16,490
    -
    $164,900
    $0.00
    $164,900

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      5300 Franklin Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      5300 Franklin Ave, New Orleans, LA 70122-6260
      View Details
    • Value Estimation by Request
      0.21 Acres

      1530 Allen Toussaint Blvd

      VACANT COMMERCIAL LAND • 0.21 Acres
      1530 Allen Toussaint Blvd, New Orleans, LA 70122-2146
      View Details
    • Value Estimation by Request
      0.21 Acres

      1538 Allen Toussaint Blvd

      VACANT COMMERCIAL LAND • 0.21 Acres
      1538 Allen Toussaint Blvd, New Orleans, LA 70122-2146
      View Details
    • Value Estimation by Request
      0.23 Acres

      2711 Spain St

      VACANT COMMERCIAL LAND • 0.23 Acres
      2711 Spain St, New Orleans, LA 70122-4442
      View Details
    • Value Estimation by Request
      0.22 Acres

      2512 Agriculture St

      VACANT COMMERCIAL LAND • 0.22 Acres
      2512 Agriculture St, New Orleans, LA 70122-4609
      View Details
    • Value Estimation by Request
      0.24 Acres

      3840 Alfred St

      VACANT COMMERCIAL LAND • 0.24 Acres
      3840 Alfred St, New Orleans, LA 70122-1144
      View Details

    Similar Nearby for Sale

    • $60,000
      0.09 Acres

      Residential Lot in Quiet Area

      Land for sale in a quiet New Orleans neighborhood.
      4210 Hamburg St, New Orleans, LA 70122
      View Details
    • $99,000

      Land Near UNO and Lake

      Vacant lot near UNO and the lake, new construction area.
      2452 Vienna St, New Orleans, LA 70122
      View Details
    • $30,000
      0.09 Acres

      Residential Lot in Saint Roch

      Vacant lot in a growing New Orleans neighborhood.
      2821 Marigny St, New Orleans, LA 70122
      View Details
    • $110,000
      0.14 Acres

      New Orleans Vacant Land Opportunity

      Vacant lot in high-demand area, ideal for multifamily development.
      3600 Elysian Fields Ave, New Orleans, LA 70122
      View Details
    • New
      $195,000
      0.17 Acres

      Vacant Land in Great Location

      Well-maintained corner lot near schools, Bayou St. John, and City Park.
      1351 Filmore Ave, New Orleans, LA 70122
      View Details
    • $75,000
      0.08 Acres

      Vacant Lot in Gentilly

      Utility-ready vacant lot in the heart of Gentilly, New Orleans.
      1313 Senate St, New Orleans, LA 70122
      View Details

    Similar Nearby for Lease

    • $1.53 SF/Yr

      Gated Land Parcel For Rent

      Gated 3,840-SF land parcel near I-10 and I-610.
      2555 Constitution Pl, New Orleans, LA 70122
      View Details
    • $10,000 /Mo
      26,759 SF

      Corner Development Opportunity in Gentilly

      Highly visible corner lot available for development in New Orleans.
      2200 Allen Toussaint Blvd, New Orleans, LA 70122
      View Details
    • $22 SF/Yr
      1,800 SF

      Lake Oaks Plaza: Prime Retail Space

      1800 sq ft Executive Office/Retail
      6600 Franklin Ave, New Orleans, LA 70122
      View Details
    • $25 SF/Yr
      1,975 SF

      Franklin Ave Retail End Cap

      New Construction, 1975 SF, Prime Location
      6750 Franklin Ave, New Orleans, LA 70122
      View Details
    • $20 SF/Yr
      600,000 SF

      The Beach at UNO: Prime Office Space

      New Orleans research park office space for lease.
      2021 Lakeshore Dr, New Orleans, LA 70122
      View Details
    • $1,100 /Mo
      820 SF

      Spacious 2 Bed Unit

      Two-bedroom, one-bath unit with open floor plan and small yard.
      6317 Arts St, New Orleans, LA 70122
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.6k
    • Avg Time on site
      34 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3141 Gentilly Blvd
    New Orleans, LA 70122-3872
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.