Technical
Financial
Distress signals
Property profile

5620 Read Blvd New Orleans, LA 70127

OFF-MARKET
Medical Office Space
Property ID
US36-0230975
205,380 SF 16.49 ac lot Built 1970
Individually Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1970
Total area 205,380 SF
Lot 16.49 ac (718,217 SF)
APN 39W016328
UPID US36-0230975

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
  • Pediatrician Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

5620 Read Blvd New Orleans, LA 70127-3106
New Orleans metro Census 1736 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.82M
Blend (final) Blend
$7.84M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

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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