Realmo Analytics

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Financial
Distress signals
Property profile

401 N Carrollton Ave New Orleans, LA 70119

FOR LEASE
Grocery and convenience stores
Property ID
US36-0271354
53,448 SF 4.18 ac lot Built 2013
Last sale Jan 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.23M
Assessed land$455k
Assessed improvement$773k

Value estimate

· Oct 2026
$10.77M
$9.69M – $11.84M
CAP approach$13.00M
Submarket $/SF estimate$12.50M
NOI build-up
Gross scheduled income$2.51M
Vacancy & credit loss−$50k
Operating expenses−$739k
NOI · 8,622,105.00% cap applied$1.72M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$57 – $234

Cap rate analysis

How does the asset earn?
8,622,105.00%
$1.72M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORLEANS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.6
Pawn Shop11.8
Nail Salon11.4

Location

401 N Carrollton Ave New Orleans, LA 70119
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2538 Poydras, New Orleans, LA 70119-7401 $2,100,000 Jul 2025 13,272 SF
2532 Poydras, New Orleans, LA 70119-7401 $777,000 Jun 2025 11,660 SF
318 Alexander, New Orleans, LA 70119-4506 $3,700,000 Oct 2024 9,838 SF
2630 Banks, New Orleans, LA 70119-7402 $181,812 Mar 2024 9,360 SF
2543 Perdido, New Orleans, LA 70119 $2,100,000 Jul 2023 11,500 SF
819 Broad, New Orleans, LA 70119-4208 $750,000 Mar 2023 5,553 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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