Technical
Financial
Distress signals
Property profile

5801 Read Blvd New Orleans, LA 70127

OFF-MARKET
Hotels
Property ID
US36-0227955
65,184 SF 1.73 ac lot Built 1980
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1980
Construction CONCRETE BLOCKS
Total area 65,184 SF
Lot 1.73 ac (75,230 SF)
APN 39W016347
UPID US36-0227955

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
  • Hotel & Motel
  • Atm
  • Restaurant

Location

5801 Read Blvd New Orleans, LA 70127-2612
New Orleans metro Census 1747 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.78M
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2019
6 recorded transactions
2019
$15,850
2019
Price N/A
2019
Price N/A
2016
$2.8M
2015
$1.7M
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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