Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    623 Royal St New Orleans, LA 70130-2193

    • Investment properties
    • 6,700 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $3,195,000
    Last Sale
    Nov 30, 2023
    $3,900,000
    Location Intelligence
    Property ID
    US36-0715156
    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

    • Porter Lyons / Jewelry Store / Ear Piercing Service

    Property Details for 623 Royal St

    Year built
    1900
    Lot size
    0.09 lot acres
    Property size
    6,700 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    207102104
    APU
    207102104

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,020,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,930,000
      6.5%
      $4,200,000
      7%
      $4,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,330,000
      Geo Method
      $3,570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,365,000
      Retail
      $3,830,000
      Mixed-Use
      $3,725,000
      Hospitality
      $4,090,000
      Educational
      $3,375,000
      Residential Income
      $3,470,000
      Energy
      $4,620,000
      Income-Based Land
      $3,715,000
      Food Service
      $3,550,000

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0653
    Latitude
    29.9578
    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
    $27,780
    $470,890
    $498,670
    -
    $277,800
    $3,622,200
    $3,900,000

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      539 Bienville St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      539 Bienville St, New Orleans, LA 70130-2206
      View Details
    • Value Estimation by Request
      5,791 SF

      309 Royal St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,791 SF
      309 Royal St, New Orleans, LA 70130-2228
      View Details
    • Value Estimation by Request
      2,992 SF

      301 Royal St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,992 SF
      301 Royal St, New Orleans, LA 70130-2228
      View Details
    • Value Estimation by Request
      5,824 SF

      626 Royal St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,824 SF
      626 Royal St, New Orleans, LA 70130-2116
      View Details
    • Value Estimation by Request
      5,015 SF

      607 Royal St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,015 SF
      607 Royal St, New Orleans, LA 70130-2152
      View Details
    • Value Estimation by Request
      4,662 SF

      600 Chartres St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,662 SF
      600 Chartres St, New Orleans, LA 70130-2112
      View Details

    Similar Nearby for Sale

    • $1,750,000
      6,083 SF

      Julia Street Restaurant Opportunity

      Prime New Orleans Warehouse District Retail Space
      527 Julia St, New Orleans, LA 70130
      View Details
    • New
      $2,500,000
      6,428 SF

      Permitted Hotel Property Near French Quarter

      Turnkey hotel property near French Quarter and CBD.
      427 Gravier St, New Orleans, LA 70130
      View Details
    • $2,850,000
      13,622 SF

      Historic Mixed-Use Building in New Orleans

      Historic 13,622 sq ft building in the Warehouse District.
      717 Camp St, New Orleans, LA 70130
      View Details
    • $3,100,000
      10,400 SF

      French Quarter Mixed-Use Redevelopment Opportunity

      Prime corner property in the heart of the French Quarter.
      401 Decatur St, New Orleans, LA 70130
      View Details
    • $1,400,000
      4,725 SF

      Commercial/Residential Combo in New Orleans

      Modern luxury meets historic character in the heart of CBD.
      422 Natchez St, New Orleans, LA 70130
      View Details
    • $925,000
      3,174 SF

      Garden District Mixed-Use Property

      Mixed-use property in the Garden District with commercial and residential units.
      1418 Magazine St, New Orleans, LA 70130
      View Details

    Similar Nearby for Lease

    • $12,500 /Mo
      8,602 SF

      Renovated Mixed-Use Property For Lease

      Versatile property with commercial space and luxury living quarters.
      3157 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $19 SF/Yr
      672,742 SF

      Pan-American Life Center Office Space

      Prestigious New Orleans CBD office tower, flexible space available.
      601 Poydras St, New Orleans, LA 70130
      View Details
    • $35 SF/Yr
      6,400 SF

      Uptown New Orleans Retail Space

      Prime Retail, Warehouse District, New Orleans
      821 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    • $3,000 /Mo
      925 SF

      St. Charles Avenue Office Space

      Office space on St. Charles Avenue, all utilities included.
      1522 Saint Charles Ave, New Orleans, LA 70130
      View Details
    • $25 SF/Yr
      1,745 SF

      Warehouse District Retail Condo

      1,745 sq ft, prime location, high visibility
      400 Julia St, New Orleans, LA 70130
      View Details
    • $8 SF/Yr
      26,712 SF

      Warehouse for Lease: New Orleans

      Prime Warehouse Space, Lower Garden District
      2123 Tchoupitoulas St, New Orleans, LA 70130
      View Details
    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.
    623 Royal St
    New Orleans, LA 70130-2193
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.