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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Motels
6322 Chef Menteur Hwy New Orleans, LA 70126-5129
Entity Owned
3-yr Hold
Free & Clear
Property ID
US36-0180527
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1968
Total area
56,999 SF
Lot
1.57 ac (68,497 SF)
APN
39W920047
UPID
US36-0180527
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
-
Super 8 by Wyndham New Orleans Hotel & Motel
-
IWORLD Computer & Electronic Repair Tech Support Center
-
Xavier University High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.83M
Owner & transaction history
Shree Ramchandra LLC · 3 yrs held
Shree Ramchandra LLC
since 2022
Last sale
$4.8M
3 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
$3,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,090,000
6.5%
$5,625,000
7%
$5,220,000
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $4.84M (Nov 16 2022)
Last sale anchor
$4.84M
Nov 16 2022
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
$85 / 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
$187,500
Assessed 2023
Previous assessed
$125,630
+49.2% YoY
Assessed improvement
$187,500
Improvement market value
$1,250,000
Total market value
$1,250,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1968
Heating
NONE
Stories
3
Total area
56,999 SF
Lot
1.57 ac (68,497 SF)
APN
39W920047
UPID
US36-0180527
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
1968
Heating
NONE
Stories
3
Lot
1.57 ac
Current owner
From public records · entity-resolved
Shree Ramchandra LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6322 CHEF MENTEUR HWY, NEW ORLEANS, LA 70126-5129
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$300,000
Shree Ramchandra LLC
Sky Blue LLP
Cash Sale Deed
—
Nov 16, 2022
$4,840,000
Shree Ramchandra LLC
Venus Investments LLC
Deed
$4,460,000 · Peoples Bank
Dec 30, 2009
$300,000
Sky Blue LLP
Smith,lorraine
Grant Deed
—
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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