Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    5600 Magazine St New Orleans, LA 70115-3154

    • Grocery and convenience stores
    • 65,800 SF
    • 1.65 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 08, 2022
    $31,418,000
    Location Intelligence
    Property ID
    US36-0652567
    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

    • Electric Vehicle Charging Station / Electric Vehicle Charging Station
    • Kikka Sushi / Restaurant
    • Amazon Returns / Kiosk
    • Amazon Locker - Magazine / Mailing Service / E-Commerce Service
    • Whole Foods Market / Cheese Shop / Health Food Store

    Property Details for 5600 Magazine St

    Year built
    1893
    Lot size
    1.65 lot acres
    Property size
    65,800 SF
    Property type
    Grocery and convenience stores
    APN
    615102920
    APU
    615102920

    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
    -90.1176
    Latitude
    29.9208
    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
    $252,000
    $849,210
    $1,101,210
    -
    $2,520,000
    $5,661,400
    $8,181,400

    Comparable in this City

    • Value Estimation by Request
      2,442 SF

      4237 Magazine St

      GROCERY, SUPERMARKET • 2,442 SF
      4237 Magazine St, New Orleans, LA 70115-2734
      View Details
    • Value Estimation by Request
      121,494 SF

      4500 Tchoupitoulas St

      GROCERY, SUPERMARKET • 121,494 SF
      4500 Tchoupitoulas St, New Orleans, LA 70115-1520
      View Details
    • Value Estimation
      $435,000
      6,076 SF

      1935 Louisiana Ave

      GROCERY, SUPERMARKET • 6,076 SF
      1935 Louisiana Ave, New Orleans, LA 70115-5226
      View Details
    • Value Estimation
      $655,000
      8,987 SF

      4645 Freret St

      GROCERY, SUPERMARKET • 8,987 SF
      4645 Freret St, New Orleans, LA 70115-6318
      View Details
    • Value Estimation
      $500,000
      25,569 SF

      3338 Saint Charles Ave

      GROCERY, SUPERMARKET • 25,569 SF
      3338 Saint Charles Ave, New Orleans, LA 70115-4534
      View Details
    • Value Estimation by Request
      120,357 SF

      5300 Tchoupitoulas St

      GROCERY, SUPERMARKET • 120,357 SF
      5300 Tchoupitoulas St, New Orleans, LA 70115-1936
      View Details

    Similar Nearby for Sale

    • $649,000

      Freret Street Restaurant with Yard

      Restaurant with outdoor space in the Freret Street corridor.
      5010 Freret St, New Orleans, LA 70115
      View Details
    • $1,345,000
      1,943 SF

      Restored Mixed-Use Corner Building

      Meticulously restored mixed-use property in desirable New Orleans neighborhood.
      601 8Th St, New Orleans, LA 70115
      View Details
    • $375,000
      1,311 SF

      MU-1 Zoned Duplex on Tchoupitoulas

      Duplex with retail potential in a high-traffic area.
      4906 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • $759,500
      2,170 SF

      Uptown New Orleans Commercial Building

      Prime location, 2,170 sq ft office space.
      731 Nashville Ave, New Orleans, LA 70115
      View Details
    • $1,575,000
      4,293 SF

      Prime Retail Space: Party Center

      1,025 sq ft Single-Tenant Retail Opportunity
      1413 Upperline St, New Orleans, LA 70115
      View Details
    • $1,975,000
      0.49 Acres

      Willow Street Medical Office Site

      Prime Uptown New Orleans Medical Development
      4429 Willow St, New Orleans, LA 70115
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      2,010 SF

      Magazine Street Retail Space

      Prime New Orleans storefront, 2,010 sq ft.
      3819 Magazine St, New Orleans, LA 70115
      View Details
    • $32 SF/Yr
      10,000 SF

      Magazine Street Retail Space Available

      Retail space for lease in Magazine Promenade Shopping Center.
      2801 Magazine St, New Orleans, LA 70115
      View Details
    • $28 SF/Yr
      1,500 SF

      Newly Constructed Retail Space Available

      Newly constructed commercial space near Touro Infirmary, available Fall 2021.
      3412 Prytania St, New Orleans, LA 70115
      View Details
    • $4,750 /Mo
      1,868 SF

      Versatile Space on Tchoupitoulas Corridor

      Adaptable commercial space in a rapidly developing New Orleans district.
      3950 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • $25 SF/Yr
      2,676 SF

      Freret Street Retail Space

      Retail space with high ceilings and excellent street visibility.
      5104 Freret St, New Orleans, LA 70115
      View Details
    • $4,500 /Mo
      1,477 SF

      Magazine Street Retail Storefront

      Prime retail space on Magazine Street, ready for business.
      5419 Magazine St, New Orleans, LA 70115
      View Details

    Property Visit Statistics

    • Visits by month
      58.5k
    • Visitors by month
      35.4k
    • Avg Time on site
      25 min
    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.
    5600 Magazine St
    New Orleans, LA 70115-3154
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.