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    701 Loyola Ave New Orleans, LA 70113
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    701 Loyola Ave, New Orleans, LA 70113

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    • Office buildings
    For Lease
    $13 SF/Yr
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    Fourteen-Story Office Tower For Rent For Lease
    $13 SF/Yr

    Fourteen-Story Office Tower For Rent

    Office tower with flexible layouts, secured lobby, and excellent accessibility.

    701 Loyola Ave, New Orleans, LA 70113
    View Listing
    Property ID
    US36-0389364
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shah, Yazbeck, and Almerico LLC / Law Firm
    • The Law Office of James A. Graham LLC / Law Firm
    • The Hite Law Group, LLC / Law Firm
    • Kyla Catchings / Foster Care Service / Social Service Agency
    • Kenya Curtis / Foster Care Service / Social Service Agency

    Property Details for 701 Loyola Ave

    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    Fourteen (14) story office tower with flexible office layouts, secured lobby, excellent accessibility, and free two-hour parking for guests of the building. While no parking is provided directly from the facility, there are two major lots surrounding the property within one block of the site, including Champions Square Garage. The leases are currently on full-service terms with no operating expense pass through nor any overtime HVAC. Unfortunately, and due to Federal Regulations, Tenants represented by outside Brokers must compensate their Broker directly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0769442
    Latitude
    29.947856

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      Historic Corner Building with Balcony

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      Restaurant Space on OC Haley

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      Turnkey Restaurant and Event Space

      Fully furnished and equipped restaurant and event space for lease.
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      Mixed-Use Development in Downtown New Orleans

      Mixed-use development with retail, restaurants, and entertainment in Downtown.
      1000 Girod St, New Orleans, LA 70113
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      13,479 SF

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      Renovated Office Building in Warehouse

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      Historic Corner Retail and Office Building

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      1,150 SF

      Renovated Commercial Condo For Sale

      Commercial condominium in the Warehouse District, renovated in 2021.
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      Renovated Six-Unit Compound in New Orleans

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      New Orleans Industrial Asset

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    Similar Nearby for Lease

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      Prime Development Site For Lease

      High-traffic corner location suitable for retail, restaurant, or office.
      1030 S Claiborne Ave, New Orleans, LA 70113
      View Details
    • Contact for pricing
      2,327 SF

      Renovated Office Building with Parking

      Class B office building with flexible lease terms and parking.
      615 Baronne St, New Orleans, LA 70113
      View Details
    • $2,450 /Mo
      1,650 SF

      Historic Corner Building with Balcony

      Second floor office/short term rental in historic New Orleans building.
      2259 Oretha C Haley Blvd, New Orleans, LA 70113
      View Details
    • Contact for pricing

      Restaurant Space on OC Haley

      Fully built-out restaurant space available for lease.
      1800 Oretha Castle Haley Blvd, New Orleans, LA 70113
      View Details
    • Contact for pricing

      Turnkey Restaurant and Event Space

      Fully furnished and equipped restaurant and event space for lease.
      514 S Rampart St, New Orleans, LA 70113
      View Details
    • Contact for pricing

      Mixed-Use Development in Downtown New Orleans

      Mixed-use development with retail, restaurants, and entertainment in Downtown.
      1000 Girod St, New Orleans, LA 70113
      View Details
    View Listing
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    New Orleans, LA 70113
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    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.

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    701 Loyola Ave, New Orleans, LA, 70113
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