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633 Orange St New Orleans, LA 70130-4516

OFF-MARKET Showrooms Google Maps
22,800 SF 0.56 ac lot Built 1950
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Property ID US36-0513346

Property summary

AI-generated overview

This exceptional 22,800-square-foot single-tenant property in New Orleans' Lower Garden District offers a unique blend of office and warehouse space. Ideally situated at the corner of Orange and St. Thomas Streets, this one-story building boasts 18-22 foot ceiling heights, providing ample vertical space. The warehouse component features two dock-high drive-in bays on Orange Street and a ramped roll-up door on St. Thomas Street, ensuring efficient loading and unloading. The office area is fully climate-controlled and includes restrooms, as does the warehouse. The property sits on a 24,531-square-foot lot and offers the potential for showroom development. Its strategic location provides easy access to Uptown, the Central Business District, the Port of New Orleans, Interstate 10, and Highway 90. Net charges are approximately $1.26 per square foot. This property presents a rare opportunity to acquire a versatile and well-located commercial space in a thriving New Orleans neighborhood. The building is currently vacant.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Total area 22,800 SF
Lot 0.56 ac (24,531 SF)
APN 101101310
UPID US36-0513346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.78M
Blend (final) Blend
$370k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2019
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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