Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    601 Market St New Orleans, LA 70130
    Back to Search
    Property profile & analytics

    601 Market St New Orleans, LA 70130

    View on Map
    • Showrooms
    • 98,839 SF
    • 2.34 lot acres
    Off-Market
    Last Sale Oct 22, 2021
    Property ID
    US36-0661671
    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
    $8,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 601 Market St

    Year built
    1940
    Lot size
    2.34 lot acres
    Property size
    98,839 SF
    Property type
    Showrooms
    APN
    101101701
    APU
    101101701

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,621,000
      Market price range: $8.62M - $27.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0679
    Latitude
    29.9308
    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
    $203,520
    $222,420
    $425,940
    -
    $2,035,200
    $1,482,800
    $3,518,000

    Comparable in this City

    • Value Estimation by Request
      2,560 SF

      1019 Erato St

      SHOW ROOM, WAREHOUSE • 2,560 SF
      1019 Erato St, New Orleans, LA 70130
      View Details
    • Value Estimation
      $1,625,000
      19,519 SF

      1010 Erato St

      SHOW ROOM, WAREHOUSE • 19,519 SF
      1010 Erato St, New Orleans, LA 70130-4112
      View Details
    • Value Estimation by Request
      1,276 SF

      314 Saint Joseph St

      SHOW ROOM, WAREHOUSE • 1,276 SF
      314 Saint Joseph St, New Orleans, LA 70130
      View Details
    • Value Estimation
      $815,000
      9,352 SF

      1722 Saint Thomas St

      SHOW ROOM, WAREHOUSE • 9,352 SF
      1722 Saint Thomas St, New Orleans, LA 70130
      View Details
    • Value Estimation by Request
      2,100 SF

      2218 Rousseau St

      SHOW ROOM, WAREHOUSE • 2,100 SF
      2218 Rousseau St, New Orleans, LA 70130-2072
      View Details
    • Value Estimation
      $1,020,000
      12,028 SF

      1020 Thalia St

      SHOW ROOM, WAREHOUSE • 12,028 SF
      1020 Thalia St, New Orleans, LA 70130-4135
      View Details

    Similar Nearby for Sale

    • $510,000
      1,175 SF

      Prime Location Open Space Property

      Refined 1,175 SF property in the French Quarter area.
      332 Exchange Pl, New Orleans, LA 70130
      View Details
    • $1,650,000

      Warehouse District Multi-Use Building

      Multi-use building in the vibrant Warehouse Arts District.
      527 Julia St, New Orleans, LA 70130
      View Details
    • $1,850,000

      Magazine Street NNN Investment Opportunity

      Prime NNN retail investment property on Magazine Street for sale.
      4119 Magazine St, New Orleans, LA 70130
      View Details
    • $1,100,000
      3,300 SF

      French Quarter Mixed-Use Building

      Three-story building with retail and apartments in prime location.
      228 Chartres St, New Orleans, LA 70130
      View Details
    • $2,650,000
      4,475 SF

      Magazine Street Retail Opportunity

      High-visibility retail space on Magazine Street, available October 2026.
      3341 Magazine St, New Orleans, LA 70130
      View Details
    • $495,000
      1,817 SF

      Historic Cottage with Mixed-Use Zoning

      Historic cottage near CBD with mixed-use zoning and parking.
      1630 Robert C. Blakes Sr Dr, New Orleans, LA 70130
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      1,777 SF

      French Quarter Retail Space

      1,777 SF retail space in high-traffic French Quarter location.
      311 N Peters St, New Orleans, LA 70130
      View Details
    • Contact for pricing

      Showroom with Lounge and Offices

      Showroom with bar, offices, and meeting rooms available for rent.
      334 Carondelet St, New Orleans, LA 70130
      View Details
    • Contact for pricing
      2,960 SF

      Retail Space on Tchoupitoulas Street

      Retail space available for rent on Tchoupitoulas Street.
      852-860 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • Contact for pricing
      3,000 SF

      Creative Space in Lower Garden

      Unique suites for artists, entrepreneurs, and small businesses.
      1501 Prytania St, New Orleans, LA 70130
      View Details
    • $28 SF/Yr

      Lower Garden District Retail/Office Space

      New development with retail and office space in New Orleans.
      1239 Saint Thomas St, New Orleans, LA 70130
      View Details
    • $35 SF/Yr

      Historic Storefront in Lower Garden

      2,200 SF historic storefront in the Lower Garden District.
      2028 Magazine St, New Orleans, LA 70130
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      1.4k
    • Avg Time on site
      24 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Market St
    New Orleans, LA 70130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 Market St, New Orleans, LA, 70130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!