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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Hotels
5801 Read Blvd New Orleans, LA 70127-2612
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US36-0227955
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Country Inn & Suites by Radisson, New Orleans I-10 East, LA Hotel & Motel
-
ATM Atm
-
Waffle House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Crescent Properties And Investments · 7 yrs held
Crescent Properties And Investments
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,085,000
6.5%
$3,775,000
7%
$3,505,000
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10%
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
$56 / 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
$545,060
Assessed 2023
Previous assessed
$384,920
+41.6% YoY
Assessed land
$30,090
Assessed improvement
$514,970
Land market value
$300,900
Improvement market value
$3,433,100
Total market value
$3,734,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
7
Total area
65,184 SF
Lot
1.73 ac (75,230 SF)
APN
39W016347
UPID
US36-0227955
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
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
7
Lot
1.73 ac
Current owner
From public records · entity-resolved
Crescent Properties And Investments
Entity
Mailing address
2664 THURLESTON LN, DULUTH, GA 30097-4994
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
$15,850
Crescent Properties And Investments
Enterprise Venture Real Estate INC
Deed
$9,000,000 · Access Point Financial LLC
May 7, 2019
—
Enterprise Ventures R & E INC
Patel,kailash & Jagdish
Quit Claim Deed
related
—
Mar 13, 2019
—
Jai Om Hospitality LLC
Kalton LLC
Correction Deed
related
—
Oct 4, 2016
$2,750,000
Enterprise Ventures Real Estate INC
Jai Ambe Jsn LLC A Louisiana Limite
Warranty Deed
$4,602,000
Aug 19, 2015
$1,721,015
Jai Ambe Jsn LLC
Patel,kailash
Grant Deed
$1,737,343 · St Martin Bk&tr
—
—
Ld Acquisition Co 13 LLC
—
Deed Of Trust
related
$65,000,000 · Viewpoint 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.
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