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    6009 Bullard Ave New Orleans, LA 70128-2812
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    Property profile & analytics

    6009 Bullard Ave New Orleans, LA 70128-2812

    View on Map
    • Drive through restaurants
    • 2,992 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US36-0768621
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KFC / Restaurant

    Property Details for 6009 Bullard Ave

    Year built
    1980
    Lot size
    0.90 lot acres
    Property size
    2,992 SF
    Property type
    Drive through restaurants
    APN
    39W016573
    APU
    39W016573

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -89.9592
    Latitude
    30.0447
    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
    $23,550
    $102,230
    $125,780
    -
    $235,500
    $681,500
    $917,000

    Comparable in this City

    • Value Estimation by Request
      2,896 SF

      5999 Bullard Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,896 SF
      5999 Bullard Ave, New Orleans, LA 70128-2817
      View Details
    • Value Estimation by Request
      4,480 SF

      6005 Bullard Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,480 SF
      6005 Bullard Ave, New Orleans, LA 70128-2812
      View Details
    • Value Estimation by Request
      3,381 SF

      6020 Bullard Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,381 SF
      6020 Bullard Ave, New Orleans, LA 70128-2813
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    • Value Estimation by Request
      2,231 SF

      11831 I 10th Service Rd

      RESTAURANT • 2,231 SF
      11831 I 10th Service Rd, New Orleans, LA 70128-2448
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    • Value Estimation by Request
      3,774 SF

      7025 Bullard Ave

      RESTAURANT • 3,774 SF
      7025 Bullard Ave, New Orleans, LA 70128-2307
      View Details
    • Value Estimation by Request
      1,800 SF

      11951 I 10th Service Rd

      RESTAURANT • 1,800 SF
      11951 I 10th Service Rd, New Orleans, LA 70128
      View Details

    Similar Nearby for Sale

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      Land on Old Gentilly Road

      3.67 acres of land with GPD zoning.
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    • $2,100,000
      19.17 Acres

      New Orleans Mixed-Use Land Investment

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      Land For Sale

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      Pending

      Vacant Lot For Sale

      Vacant lot available for development, subject to NORA approval.
      11411 Will Stutley Dr, New Orleans, LA 70128
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    • $43,022

      Land for Sale

      Land available in New Orleans, Louisiana.
      6120 E Muirfield Cir, New Orleans, LA 70128
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      New Orleans Storage Facility For Sale

      Storage facility in New Orleans with upside potential.
      7911 Bullard Ave, New Orleans, LA 70128
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    Similar Nearby for Lease

    • $5,000 /Mo
      1,560 SF

      Retail Property with Ample Parking

      Highly visible retail space with I-10 frontage and parking.
      13040 I 10 Service Rd, New Orleans, LA 70128
      View Details
    • Contact for pricing

      I-10 Service Road Commercial Property

      Highly visible commercial property with ample parking and I-10 frontage.
      13040 I-10 Service Rd, New Orleans, LA 70128
      View Details
    • Contact for pricing
      1,342 SF

      Office Space Available For Rent

      Office space available for rent, totaling 1,342 square feet.
      7440 Wright Rd, New Orleans, LA 70128
      View Details

    Property Visit Statistics

    • Visits by month
      17.7k
    • Visitors by month
      14.1k
    • Avg Time on site
      10 min
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    New Orleans, LA 70128-2812
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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