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Financial
Distress signals
Property profile

6600 Franklin Ave New Orleans, LA 70122

FOR LEASE
Grocery and convenience stores
Property ID
US36-0736787
174,859 SF 9.23 ac lot Built 1994
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial retail center located at 6600 Franklin Avenue in New Orleans, Louisiana (70122). It includes multiple retail/medical tenants and is configured to support co-tenant use across categories such as grocery, pharmacy, food and beverage, and medical services. Two retail suites are identifiable within the center: Suite B2 at 6600 Franklin Avenue #B-2 with approximately 1,800 square feet, and Suite A10 with approximately 1,437 square feet. The suites are arranged for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.54M
Assessed land$603k
Assessed improvement$935k

Value estimate

· Oct 2026
$19.74M
$17.76M – $21.71M
Submarket $/SF estimate$26.46M
NOI build-up
Gross scheduled income$184k
Vacancy & credit loss−$9k
Operating expenses−$53k
NOI · 557,150.00% cap applied$123k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$57 – $234

Cap rate analysis

How does the asset earn?
557,150.00%
$123k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORLEANS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.4
Law Firm20.3
Dental Office18.9

Location

6600 Franklin Ave New Orleans, LA 70122
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3006 Rabbits, New Orleans, LA 70122 $240,000 Jul 2024 6,960 SF
3021 Franklin, New Orleans, LA 70122-5838 $10,475,000 May 2022 46,040 SF
2930 Frenchmen, New Orleans, LA 70122-3633 $1,200,000 May 2022 12,798 SF
2800 Eads, New Orleans, LA 70122-5823 $400,000 Jan 2022 6,400 SF
1950 Abundance, New Orleans, LA 70122-2982 $400,000 Aug 2019 10,074 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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