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    Property profile & analytics

    5801 Read Blvd New Orleans, LA 70127-2612

    • Hotels
    • 65,184 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimation
    $5,420,000
    Location Intelligence
    Property ID
    US36-0227955
    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

    • Country Inn & Suites by Radisson, New Orleans I-10 East, LA / Hotel
    • ATM / Atm
    • Waffle House / Breakfast Restaurant / American Restaurant

    Property Details for 5801 Read Blvd

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    1.73 lot acres
    Property size
    65,184 SF
    Property type
    Hotels
    APN
    39W016347
    APU
    39W016347

    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
    -89.9735
    Latitude
    30.0355
    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
    $30,090
    $514,970
    $545,060
    -
    $300,900
    $3,433,100
    $3,734,000

    Comparable in this City

    • Value Estimation
      $455,000
      47,925 SF

      8400 I 10th Service Rd

      HOTEL • 47,925 SF
      8400 I 10th Service Rd, New Orleans, LA 70127-2412
      View Details
    • Value Estimation by Request
      48,692 SF

      10020 I-10 Service Rd

      Hotels • 48,692 SF
      10020 I-10 Service Rd, New Orleans, LA 70127
      View Details
    • Value Estimation by Request
      72,592 SF

      10100 I 10th Service Rd

      HOTEL • 72,592 SF
      10100 I 10th Service Rd, New Orleans, LA 70127-2746
      View Details
    • Value Estimation
      $435,000
      48,692 SF

      10022 I 10th Service Rd

      HOTEL • 48,692 SF
      10022 I 10th Service Rd, New Orleans, LA 70127
      View Details
    • Value Estimation by Request
      19,103 SF

      9300 Chef Menteur Hwy

      MOTEL • 19,103 SF
      9300 Chef Menteur Hwy, New Orleans, LA 70127-4138
      View Details
    • Value Estimation by Request
      8,291 SF

      8542 Chef Menteur Hwy

      MOTEL • 8,291 SF
      8542 Chef Menteur Hwy, New Orleans, LA 70127-4038
      View Details

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      Deer Park Vacant Land Opportunity

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      Vacant land suitable for investment or building a home.
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    Similar Nearby for Lease

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      31,852 SF

      Crowder Blvd Retail Space Available

      Prime New Orleans East retail space.
      5790 Crowder Blvd, New Orleans, LA 70127
      View Details
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      20,800 SF

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      Recently renovated showroom and warehouse space with adaptive reuse potential.
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    • $8 SF/Yr
      13,905 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with ample parking and convenient accessibility.
      7401 Read Blvd, New Orleans, LA 70127
      View Details
    • $10 SF/Yr
      56,410 SF

      New Orleans Retail Center

      High-traffic, 8 spaces available
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    • New
      $1,600 /Mo

      Spacious Home with Covered Parking

      Three-bedroom, two-bath home with immediate occupancy and covered parking.
      8941 Middleboro Rd, New Orleans, LA 70127
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      5.5k
    • Avg Time on site
      29 min
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    5801 Read Blvd
    New Orleans, LA 70127-2612
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    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
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