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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Drug stores
4401 Claiborne Ave New Orleans, LA 70125-5105
Entity Owned
10-yr Hold
Free & Clear
Property ID
US36-0503129
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2011
Total area
13,159 SF
Lot
1.12 ac (48,584 SF)
APN
614342401
UPID
US36-0503129
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
-
CDReload - Online Bitcoin ATM Atm Currency Exchange Service
-
LibertyX Bitcoin ATM Atm
-
Kryshonda Alleyne Physician
-
UPS Access Point location Courier Service Postal Service
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.34M
Owner & transaction history
Trifecta New Orleans LLC · 10 yrs held
Trifecta New Orleans LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+27.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,710,000
6.5%
$2,500,000
7%
$2,320,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,950,000
Current use
RESTAURANT
$2,490,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$1,750,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10%
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
$177 / 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
$476,950
Assessed 2023
Previous assessed
$459,170
+3.9% YoY
Assessed land
$121,460
Assessed improvement
$355,490
Land market value
$1,214,600
Improvement market value
$2,369,900
Total market value
$3,584,500
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2011
Heating
NONE
Total area
13,159 SF
Lot
1.12 ac (48,584 SF)
APN
614342401
UPID
US36-0503129
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
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
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
2011
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Trifecta New Orleans LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3300 S DIXIE HWY #1118, WEST PALM BEACH, FL 33405-1987
Ownership since
2016
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
May 19, 2016
—
Trifecta New Orleans LLC
—
Deed
related
$5,040,000 · Iberiabank
Mar 28, 2016
$8,400,000
Trifecta New Orleans LLC
Dbd Nocigs LLC
Grant Deed
—
Oct 26, 2015
$5,873,600
Dbd Nocigs LLC
Louisiana Cvs Pharmacy LLC
Grant Deed
related
$243,818,640 · Wells Fargo Bk
—
—
Trifecta New Orleans LLC
—
Deed Of Trust
related
$5,040,000 · Iberiabank
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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