Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3412 Prytania St New Orleans, LA 70115
    Property profile & analytics

    3412 Prytania St, New Orleans, LA 70115

    View on Map
    • Investment properties
    • 3,300 SF
    • 0.05 lot acres
    For Lease
    $28 SF/Yr
    View Listing →
    Newly Constructed Retail Space Available For Lease
    $28 SF/Yr
    1,500 SF

    Newly Constructed Retail Space Available

    Newly constructed commercial space near Touro Infirmary, available Fall 2021.

    3412 Prytania St, New Orleans, LA 70115
    View Listing
    Property ID
    US36-0746106
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 3412 Prytania St

    Year built
    1960
    Lot size
    0.05 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    614222505
    APU
    614222505

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 14, 2022 — Prytania Nola LLC — Deed · related $950k · Investar Bank National Association
    Dec 3, 2019 $370,000 Prytania Nola LLC Touro Infirmary Grant Deed $5M · Loan Ptrs

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0912
    Latitude
    29.9266
    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
    $6,590
    $54,910
    $61,500
    -
    $65,900
    $434,100
    $500,000

    Comparable in this City

    • Value Estimation by Request
      3,595 SF

      1838 Cadiz St

      OFFICE/RESIDENTIAL (MIXED USE)
      1838 Cadiz St, New Orleans, LA 70115-5560
      View Details
    • Value Estimation by Request
      1,740 SF

      920 Constantinople St

      OFFICE/RESIDENTIAL (MIXED USE)
      920 Constantinople St, New Orleans, LA 70115-2745
      View Details
    • Value Estimation
      $505,000
      3,307 SF

      5007 Freret St

      OFFICE/RESIDENTIAL (MIXED USE)
      5007 Freret St, New Orleans, LA 70115-6405
      View Details
    • Value Estimation by Request
      1,426 SF

      4605 Dryades St

      OFFICE/RESIDENTIAL (MIXED USE)
      4605 Dryades St, New Orleans, LA 70115-5529
      View Details
    • Value Estimation by Request
      2,336 SF

      3641 Magazine St

      OFFICE/RESIDENTIAL (MIXED USE)
      3641 Magazine St, New Orleans, LA 70115-2553
      View Details
    • Value Estimation by Request
      2,190 SF

      3337 Magazine St

      OFFICE/RESIDENTIAL (MIXED USE)
      3337 Magazine St, New Orleans, LA 70115-2410
      View Details

    Similar Nearby for Sale

    • $699,000

      Uptown New Orleans Investment Opportunity

      Renovated 1920s duplex in Uptown New Orleans, ideal for investors.
      1812 Napoleon Ave, New Orleans, LA 70115
      View Details
    • Contact for pricing
      15,806 SF

      Uptown Industrial/Office Flex Space

      Two-story industrial property with office space in Uptown New Orleans.
      5910 S Front St, New Orleans, LA 70115
      View Details
    • Contact for pricing

      Two-Story Mixed-Use Property

      Two-story mixed-use property with commercial and residential units.
      1935 Louisiana Avenue Pkwy, New Orleans, LA 70115
      View Details
    • New
      $749,000
      3,896 SF

      Uptown Mixed-Use Corner Property

      Versatile HU-B1 corner building near Freret Street with off-street parking and multiple units for flexible income or workspace use.
      2600-02 General Pershing St, New Orleans, LA 70115
      View Details
    • Contact for pricing

      Eight-Unit Multifamily Investment Opportunity

      Four adjacent duplexes in New Orleans, value-add potential.
      2901-2915 Baronne St, New Orleans, LA 70115
      View Details
    • $625,000
      3,060 SF

      Uptown New Orleans Income Property

      Stabilized income-producing duplex near Magazine Street and streetcar.
      4841 Coliseum St, New Orleans, LA 70115
      View Details

    Similar Nearby for Lease

    • $4,250 /Mo
      1,868 SF

      Versatile Space on Tchoupitoulas Corridor

      Adaptable commercial space in a rapidly developing New Orleans district.
      3950 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • Contact for pricing
      1,404 SF

      Historic Office Space For Rent

      Professional office space in a modernized historic building.
      4109 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • Contact for pricing

      Napoleon Avenue Commercial Lot For Rent

      36,000 SF lot near Ochsner Baptist Medical Complex.
      2901 Napoleon Ave, New Orleans, LA 70115
      View Details
    • $28 SF/Yr

      Newly Constructed Retail Space Available

      Newly constructed commercial space near Touro Infirmary, available Fall 2021.
      3412 Prytania St, New Orleans, LA 70115
      View Details
    • $25 SF/Yr

      Move-in Ready Uptown Office Suite

      Second-floor office suite with kitchen and baths available for sublease.
      1836 Valence St, New Orleans, LA 70115
      View Details
    • Contact for pricing
      4,727 SF

      Medical Office Building For Rent

      Class-A medical office building near Ochsner Baptist in Uptown New Orleans.
      707-2633 Napoleon Ave, New Orleans, LA 70115
      View Details
    View Listing
    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.
    3412 Prytania St
    New Orleans, LA 70115
    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

    Thank You for Inquiry
    3412 Prytania St, New Orleans, LA, 70115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!