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4501 Galvez St New Orleans, LA 70117

OFF-MARKET Showrooms Google Maps
63,967 SF 2.42 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US36-0050461

Property summary

AI-generated overview

This exceptional New Orleans industrial property, located at 4501 N. Galvez Street, offers a compelling investment opportunity. The 2.49-acre lot features two buildings totaling over 68,622 square feet of versatile warehouse space. Building 1, a substantial 61,422 square-foot warehouse, boasts 12-foot eaves, an impressive 18.4-foot center clear height, and four dock-high loading doors, including one with grade-level ramp access. The floor has been recently repaired, and the roof was recoated in 2017. The building is fully sprinklered. Building 2 is a 7,200 square-foot rectangular metal building, providing additional storage or workspace. The property benefits from its strategic location in an active New Orleans industrial district, with frontage on both North Galvez and Kentucky Streets, and proximity to the Industrial Canal. Ample parking and storage space are available within the fully gated lot. An adjacent rail spur offers potential for expanded logistical capabilities. The property is zoned H-I (Heavy Industrial), allowing for higher-intensity manufacturing, warehousing, and storage uses. The asking price is $2,599,000.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Total area 63,967 SF
Lot 2.42 ac (105,369 SF)
APN 39W508601
UPID US36-0050461

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
  • Animal Shelter Pet Adoption Service
  • Animal Shelter Pet Adoption Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$320k

Owner & transaction history

since 2019
2 recorded transactions
2019
$1.6M
2009
$525,000

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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