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    Property profile & analytics

    3200 Banks St New Orleans, LA 70119

    • Investment properties
    • 3,988 SF
    • 0.08 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US36-2544762
    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

    • Investment properties

    Property Details for 3200 Banks St

    Year built
    1940
    Lot size
    0.08 lot acres
    Property size
    3,988 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    105205610
    APU
    105205610

    Description

    This exceptional 2,393 square foot restaurant space is ideally situated on Banks Street in the heart of Mid-City. The single-tenant property boasts a charming courtyard perfect for outdoor seating, adding to its considerable appeal. Inside, you'll find a fully renovated space (2017) featuring attractive concrete floors, a built-in wood-burning oven, and a dedicated bar area. A detached office in the rear provides additional space for administrative functions or storage. The building itself is a two-story structure, with the entire 2,393 square feet currently vacant and ready for immediate occupancy. The HU-B1A zoning allows for a variety of uses, making this a versatile option for a discerning restaurateur. The property's convenient location on a throughway ensures high visibility and accessibility for customers. This turnkey opportunity presents a rare chance to establish or relocate a thriving restaurant business in a vibrant and desirable neighborhood. The APN is 105205610. This is a single-tenant building.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0947
    Latitude
    29.9659
    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
    $2,420
    $57,850
    $60,270
    -
    $24,200
    $457,300
    $481,500

    Comparable in this City

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    3200 Banks St
    New Orleans, LA 70119
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    Realmo Value Estimation

    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.

    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.

    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
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