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    Property profile & analytics

    501 Verret St New Orleans, LA 70114-1054

    • Banks
    • 4,855 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 03, 2023
    Location Intelligence
    Property ID
    US36-0491853
    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

    • The Vault NOLA / Restaurant / Event Venue

    Property Details for 501 Verret St

    Year built
    1950
    Lot size
    0.13 lot acres
    Property size
    4,855 SF
    Property type
    Banks
    APN
    513109208
    APU
    513109208

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.051
    Latitude
    29.9506
    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
    $6,130
    $55,770
    $61,900
    -
    $61,300
    $371,800
    $433,100

    Comparable in this City

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    • Value Estimation
      $295,000
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    • Value Estimation
      $270,000
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      3535 General Degaulle Dr

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      644 Bouny St

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    • Value Estimation
      $240,000
      0.93 Acres

      4000 General Degaulle Dr

      FINANCIAL BUILDING • 0.93 Acres
      4000 General Degaulle Dr, New Orleans, LA 70114-8211
      View Details
    • Value Estimation by Request
      1,240 SF

      3875 General Degaulle Dr

      FINANCIAL BUILDING • 1,240 SF
      3875 General Degaulle Dr, New Orleans, LA 70114-8221
      View Details

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    501 Verret St
    New Orleans, LA 70114-1054
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    Realmo Value Estimation

    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.

    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.

    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
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