5029 Louisa Dr New Orleans, LA 70126
This exceptional mixed-use property in New Orleans, Louisiana, presents a unique investment opportunity. Located at 5029 Louisa Dr, 70126, in Orleans Parish, this 2.54-acre site (APN 39W928951) encompasses four substantial buildings totaling 59,775 square feet. The property is zoned S-RS (Suburban Single-Family Residential District) and currently includes a church, a parish administration wing, a gym/parish hall, and a school building. One school building is currently leased, with the lease expiring in the spring. The property boasts a large parking lot and a sizable courtyard, perfect for community gatherings or recreational activities. Its convenient location offers easy access to US 90 and the UNO lakefront area, presenting significant potential for redevelopment or continued use as a multi-purpose facility. The two-story buildings offer ample space for various uses, making this a highly adaptable property suitable for a range of future projects. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.