Realmo Analytics

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Property profile

509 N Carrollton Ave New Orleans, LA 70119

FOR LEASE
Retail space
Property ID
US36-0734738
31,990 SF 0.37 ac lot Built 1950
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$214k
Assessed land$40k
Assessed improvement$174k

Value estimate

· Oct 2026
$355k
$320k – $391k
Submarket $/SF estimate$2.84M
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$2k
Operating expenses−$32k
NOI · 632.35% cap applied$74k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$57 – $234

Cap rate analysis

How does the asset earn?
632.35%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORLEANS

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.8
Carpet & Flooring Store10.0
Electrical Service9.6

Location

509 N Carrollton Ave New Orleans, LA 70119
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2538 Poydras, New Orleans, LA 70119-7401 $2,100,000 Jul 2025 13,272 SF
2532 Poydras, New Orleans, LA 70119-7401 $777,000 Jun 2025 11,660 SF
318 Alexander, New Orleans, LA 70119-4506 $3,700,000 Oct 2024 9,838 SF
2630 Banks, New Orleans, LA 70119-7402 $181,812 Mar 2024 9,360 SF
2543 Perdido, New Orleans, LA 70119 $2,100,000 Jul 2023 11,500 SF
819 Broad, New Orleans, LA 70119-4208 $750,000 Mar 2023 5,553 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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