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Property profile & analytics
OFF-MARKET
Estimated value
$3,780,000
Hotels
3900 Tulane Ave New Orleans, LA 70119-6939
Entity Owned
8-yr Hold
Free & Clear
Property ID
US36-0227247
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1900
Total area
62,854 SF
Lot
0.84 ac (36,450 SF)
APN
105303502
UPID
US36-0227247
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
-
Midtown Hotel New Orleans Hotel & Motel
-
Bstro Nola Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Tulane Hotel Group LLC · 8 yrs held
Tulane Hotel Group LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$60 / 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
$238,950
Assessed 2023
Previous assessed
$147,630
+61.9% YoY
Assessed land
$72,900
Assessed improvement
$166,050
Land market value
$729,000
Improvement market value
$1,107,000
Total market value
$1,836,000
Applied tax rate
1.0000
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
1900
Heating
NONE
Total area
62,854 SF
Lot
0.84 ac (36,450 SF)
APN
105303502
UPID
US36-0227247
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
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
0.84 ac
Current owner
From public records · entity-resolved
Tulane Hotel Group LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1891 ROUSSEAU ST, NEW ORLEANS, LA 70130-1903
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2018
$2,700,000
Tulane Hotel Group LLC
M & S Hospitality LLC
Grant Deed
—
Mar 27, 2017
—
M & S Hospitality LLC
—
Trustees Deed
related
$75,000 · Renaissance Wealth Mgmt 401k P
Oct 10, 2013
$1,275,000
M & S Hospitality LLC
Mustard Seed Holdings Ll
Grant Deed
$1,275,000 · Sterling Savings Bank
—
—
M & S Hospitality LLC
—
Deed Of Trust
related
$230,000 · Renaissance Wealth Mgmt 401k P
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.
Try Rey
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