Technical
Financial
Distress signals
Property profile

3605 Catherine St New Orleans, LA 70126

OFF-MARKET
Auto shops
Property ID
US36-0184630
1,996 SF 0.14 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 3605 Catherine St, New Orleans, LA 70126, presents a unique investment opportunity. The 1,920 square foot building, constructed in 1980 and renovated the same year, sits on a substantial 60,101 square foot lot and offers 2,200 square feet of net rentable space. The single-story structure features heavy-duty metal construction with steel framing, front and rear roll-up doors, and durable cement flooring, ideal for various industrial or commercial uses. Previously utilized as a welding shop, some equipment may be available for separate negotiation. The property also includes a convenient office area with a half bath. All city utilities are connected. This commercially zoned property benefits from its strategic location, and the possibility of acquiring two adjacent lots for expanded access and increased visibility from both Catherine and Victoria Streets. The asking price is $170,000, with a price per square foot of $88.54. This presents a compelling opportunity for business owners seeking a versatile and well-located space in New Orleans.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Construction FRAME
Total area 1,996 SF
Lot 0.14 ac (6,060 SF)
APN 39W806110
UPID US36-0184630

Cap rate & NOI

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

Location

3605 Catherine St New Orleans, LA 70126-5157
New Orleans metro Census 1751 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2025
Last sale
$149,000
2 recorded transactions
2025
$149,000
2023
$80,000

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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