Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4421 Burgundy St New Orleans, LA 70117-4705

    • Apartment buildings
    • 6,016 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2023
    $720,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0331882
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 4421 Burgundy St

    Year built
    1960
    Lot size
    0.18 lot acres
    Property size
    6,016 SF
    Property type
    Apartment buildings
    APN
    39W201813
    APU
    39W201813

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $401,000
      Market price range: $200k - $451k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $705,000
      Current use
      RETAIL STORES
      $890,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $800,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $705,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $695,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0315
    Latitude
    29.9625
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $15,870
    $37,890
    $53,760
    -
    $158,700
    $378,900
    $537,600

    Comparable in this City

    • Value Estimation by Request
      4,456 SF

      1341 Spain St

      APARTMENT HOUSE (5+ UNITS) • 4,456 SF
      1341 Spain St, New Orleans, LA 70117-8328
      View Details
    • Value Estimation
      $545,000
      4,610 SF

      722 Spain St

      APARTMENT HOUSE (5+ UNITS) • 4,610 SF
      722 Spain St, New Orleans, LA 70117-7823
      View Details
    • Value Estimation by Request
      2,674 SF

      2629 Marais St

      APARTMENT HOUSE (5+ UNITS) • 2,674 SF
      2629 Marais St, New Orleans, LA 70117-7239
      View Details
    • Value Estimation by Request
      3,072 SF

      2231 Royal St

      APARTMENT HOUSE (5+ UNITS) • 3,072 SF
      2231 Royal St, New Orleans, LA 70117-8546
      View Details
    • Value Estimation by Request
      3,102 SF

      1609 Lesseps St

      APARTMENT HOUSE (5+ UNITS) • 3,102 SF
      1609 Lesseps St, New Orleans, LA 70117-4523
      View Details
    • Value Estimation
      $1,085,000
      11,616 SF

      701 Lesseps St

      APARTMENT HOUSE (5+ UNITS) • 11,616 SF
      701 Lesseps St, New Orleans, LA 70117-4757
      View Details

    Similar Nearby for Sale

    • $999,000
      4,480 SF

      Renovated Bywater Apartment Complex

      High occupancy, renovated apartment building in New Orleans' Bywater neighborhood.
      728 Desire St, New Orleans, LA 70117
      View Details
    • $685,000
      3,100 SF

      Renovated Multifamily Property in New Orleans

      Six-unit multifamily property renovated in 2022, fully leased.
      1905 France St, New Orleans, LA 70117
      View Details
    • $2,950,000
      15,054 SF

      New Orleans Apartment Complex

      Apartment complex with assumable loan and condo conversion option.
      3135 Dauphine St, New Orleans, LA 70117
      View Details
    • New
      $1,300,000
      5,275 SF

      Bywater Multifamily Investment Opportunity

      Six-unit apartment complex in New Orleans' Bywater neighborhood.
      3400 Dauphine St, New Orleans, LA 70117
      View Details
    • $375,000
      3,615 SF

      Historic Bywater 4-Plex on Saint Claude

      Charming mixed-use property in New Orleans' historic Bywater neighborhood.
      4104 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $200,000
      6,824 SF

      New Orleans Commercial Property For Sale

      Commercial property with HU-B1 zoning, ready for redevelopment.
      2033 Desire St, New Orleans, LA 70117
      View Details

    Similar Nearby for Lease

    • $1,175 /Mo

      Holy Cross Duplex For Rent

      Duplex with open floor plan, fenced yard, central location.
      6217 Dauphine St, New Orleans, LA 70117
      View Details
    • $1,200 /Mo
      800 SF

      Lower 9th Ward Duplex Unit

      Move-in ready 2 bed, 1 bath unit; Section 8 accepted.
      1610 Tupelo St, New Orleans, LA 70117
      View Details
    • $264 SF/Yr
      7,727 SF

      St. Claude Ave Retail Spaces

      Prime New Orleans Retail/Office Opportunity
      2222 St Claude Ave, New Orleans, LA 70117
      View Details
    • $10,000 /Mo

      Versatile Building for Medical/Educational Use

      Adaptable building suitable for medical center or educational hub conversion.
      1701 Franklin Ave, New Orleans, LA 70117
      View Details
    • $4 SF/Yr
      63,244 SF

      New Orleans Warehouse - 63,244 SF

      Spacious Bywater Warehouse, 11 Docks, Immediate Occupancy
      2940 Royal St, New Orleans, LA 70117
      View Details
    • $6,300 /Mo

      Bywater White Box Retail Space

      1,729 SF white box space in the heart of Bywater.
      880 Montegut St, New Orleans, LA 70117
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4421 Burgundy St
    New Orleans, LA 70117-4705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.