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4100 General Degaulle Dr New Orleans, LA 70131

Community centers Google Maps
159,090 SF 23.56 ac lot Built 2000
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.95M
Range $2.66M – $3.25M (±10%)
Property ID US36-1301700

Property summary

AI-generated overview

Algiers Plaza, located at 4100 General De Gaulle Dr, New Orleans, LA 70131, offers exceptional retail and/or fitness space opportunities. This single-story, 227,814 square foot power/neighborhood center, built in 2014 and renovated in 2020, boasts 1013 parking spaces and is situated on a 23.56-acre lot. Two spaces are currently available, ranging from 6,000 to 18,015 square feet. The center enjoys a strong tenant mix, including national brands such as Winn-Dixie, Walgreens, Ross, TJ Maxx, Five Below, PJ's Coffee, Firehouse Subs, Buffalo Wild Wings, and the recently opened Chick-fil-A. Its prime location on General De Gaulle Drive and MacArthur Boulevard provides excellent visibility and accessibility, with over 80,000 vehicles passing daily. The property features prominent signage on three thoroughfares, including six pylon signs. Eight convenient access points are available via Holiday Drive, General De Gaulle Drive, and MacArthur Boulevard. Algiers Plaza benefits from its proximity to downtown New Orleans (5 miles), the French Quarter (7 miles), and the New Orleans International Airport (under 20 miles). This high-traffic location presents a unique opportunity for businesses seeking strong visibility and a thriving customer base in a well-established shopping center.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2000
Total area 159,090 SF
Lot 23.56 ac (1,026,164 SF)
APN 513821905
UPID US36-1301700

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Nail Salon
  • Shopping Center & Mall
  • Storage Facility
  • Storage Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.95M

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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