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Property profile & analytics
OFF-MARKET
Estimated value
$14,485,000
Hotels
3626 Saint Charles Ave New Orleans, LA 70115-4635
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US36-0416703
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1940
Total area
52,867 SF
Lot
1.21 ac (52,712 SF)
APN
614226502
UPID
US36-0416703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.59M
Blend (final)
Blend
$14.49M
Owner & transaction history
Nf IV-i Nola Garden LLC · 6 yrs held
Nf IV-i Nola Garden LLC
since 2020
Last sale
$15.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.4M
+68.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Orleans submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,240,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,320,000
Current use
RETAIL STORES
$17,370,000
Change: +68% · Conversion: Difficult
RESTAURANT
$9,995,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,470,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$14.49M
Range $13.04M – $15.93M · ±10% · vs last sale $15.05M (Apr 9 2020)
Last sale anchor
$15.05M
Apr 9 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$274 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,244,580
Assessed 2023
Previous assessed
$676,030
+84.1% YoY
Assessed land
$210,850
Assessed improvement
$1,033,730
Land market value
$2,108,500
Improvement market value
$6,891,500
Total market value
$9,000,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1940
Heating
NONE
Stories
6
Total area
52,867 SF
Lot
1.21 ac (52,712 SF)
APN
614226502
UPID
US36-0416703
Jurisdiction
ORLEANS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.3M
RETAIL STORES
Est. value
$17.4M
RESTAURANT
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$9.5M
HOTEL/MOTEL Current
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Stories
6
Lot
1.21 ac
Current owner
From public records · entity-resolved
Nf IV-i Nola Garden LLC
Entity
Mailing address
3424 PEACHTREE RD NE, ATLANTA, GA 30326-1118
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2020
$15,049,400
Nf IV-i Nola Garden LLC
Bre Nola Property Owner LLC
Deed
$78,320,000 · Wells Fargo Bank NA
Jan 23, 2015
$12,872,220
Bre Nola Property Owner LLC
Hotel St Charles Avenue LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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