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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
3737 Claiborne Ave New Orleans, LA 70125-4603
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US36-0295496
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1950
Total area
2,928 SF
Lot
0.14 ac (6,188 SF)
APN
614359501
UPID
US36-0295496
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
Current use
Occupant on record · Public records
-
Gordon E Fletcher DDS Dental Office
-
Eagle tire service and Oil change (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$535k
Owner & transaction history
3737 Investments LLC · 3 yrs held
3737 Investments LLC
since 2023
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$435,000
+28.0%
Office building
$390,000
+15.0%
Auto repair, garage
$345,000
+1.3%
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
$465,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$340,000
Current use
RETAIL STORES
$435,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$390,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$345,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $600k (May 3 2023)
Last sale anchor
$600k
May 3 2023
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
$183 / 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
$61,960
Assessed 2023
Previous assessed
$59,320
+4.5% YoY
Assessed land
$9,280
Assessed improvement
$52,680
Land market value
$92,800
Improvement market value
$351,200
Total market value
$444,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1950
Heating
NONE
Total area
2,928 SF
Lot
0.14 ac (6,188 SF)
APN
614359501
UPID
US36-0295496
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
MEDICAL BUILDING Current
Est. value
$340,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$345,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
3737 Investments LLC
Entity
Mailing address
2169 LASALLE AVE, GRETNA, LA 70056-4514
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
$600,000
3737 Investments LLC
3737 Th LLC
Deed
$440,000 · American Bank
May 2, 2019
$375,000
3737 Th LLC
3737 S Claiborne LLC
Grant Deed
related
$282,000 · American Bk&tr
Jan 12, 2017
—
3737 S Claiborne LLC
—
Deed
related
$300,000 · Gulf Coast Bk
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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