Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Strip malls
5741 Crowder Blvd New Orleans, LA 70127-2481
Entity Owned
5-yr Hold
Free & Clear
Property ID
US36-0304431
Property summary
AI-generated overview
This exceptional 56,410 square foot retail center, situated on 3.06 acres in New Orleans East's thriving Northshore/N.O. East submarket, presents a unique investment opportunity. Built in 1980, the single-story building boasts a prime location just one block from I-10, ensuring high visibility and accessibility. Currently, 26,760 square feet of space is available, divisible into units ranging from 951 to 18,256 square feet, catering to a variety of retail needs. The property is zoned C-3 and features a total of eight available spaces. Its strategic location along Crowder Boulevard offers excellent exposure to a substantial daily traffic volume. The property's convenient access to I-10 further enhances its appeal to both businesses and customers. With its ample space, flexible leasing options, and high-traffic location, this retail center represents a compelling investment prospect in a dynamic New Orleans market. The Orleans Parish location, with APN 39w016116I2, offers a strong foundation for future growth and profitability. This is an excellent opportunity to establish or expand your retail presence in a high-demand area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
47,577 SF
Lot
3 ac (130,681 SF)
APN
39W016116
UPID
US36-0304431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Securall Insurance Insurance Agency
-
The Toya Xperience Studio Hair Salon Nail Salon
-
RAMA AFRICAN HAIR BRAIDING Hair Salon
-
BDT Auto Title and Tax Services Vehicle Inspection Center
-
Quick Munchies Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Ms & Sons Holdings LLC · 5 yrs held
Ms & Sons Holdings LLC
since 2020
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+154.5%
Apartment house (5+ units)
$1.9M
+41.3%
Retail stores
$1.8M
+31.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Orleans submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,025,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,340,000
Current use
MEDICAL BUILDING
$3,410,000
Change: +155% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,895,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,760,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,635,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.30M (Dec 23 2020)
Last sale anchor
$2.30M
Dec 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$214,640
Assessed 2023
Previous assessed
$273,660
-21.6% YoY
Assessed land
$62,070
Assessed improvement
$152,570
Land market value
$620,700
Improvement market value
$1,017,100
Total market value
$1,637,800
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Heating
NONE
Total area
47,577 SF
Lot
3 ac (130,681 SF)
APN
39W016116
UPID
US36-0304431
Jurisdiction
ORLEANS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
3 ac
Current owner
From public records · entity-resolved
Ms & Sons Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1004 WYNDHAM S, GRETNA, LA 70056-8374
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$2,300,000
Ms & Sons Holdings LLC
Chr Holding Corp
Grant Deed
—
—
—
Chr Holding Corp
—
Deed Of Trust
related
$2,100,000 · Gulf Coast Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5741 Crowder Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
