Technical
Financial
Distress signals
Property profile

3400 Franklin Ave New Orleans, LA 70122

OFF-MARKET
Auto shops
Property ID
US36-0507956
11,977 SF 0.39 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1980
Total area 11,977 SF
Lot 0.39 ac (16,800 SF)
APN 38W303601
UPID US36-0507956

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
  • Restaurant
  • Grocery & Convenience Store
  • Atm

Location

3400 Franklin Ave New Orleans, LA 70122-5908
New Orleans metro Census 2402 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$945k

Owner & transaction history

since 2022
Last sale
$1.5M
3 recorded transactions
2022
$1.5M
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.8M +26.3%
Office building $1.6M +13.5%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3400 Franklin Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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