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    Property profile & analytics

    7401 Read Blvd New Orleans, LA 70127

    • Drug stores
    • 14,544 SF
    • 1.79 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $1,280,000
    Last Sale
    Apr 28, 2021
    $1,500,000
    Location Intelligence
    Property ID
    US36-0668414
    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

    • Walgreens / Beauty Supply Store / Convenience Store
    • FedEx OnSite / Mailing Service
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Billy Tran / Pharmacy
    • Western Union / Money Transfer Service

    Property Details for 7401 Read Blvd

    Year built
    1980
    Lot size
    1.79 lot acres
    Property size
    14,544 SF
    Property type
    Drug stores
    APN
    39W012319
    APU
    39W012319

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,470,000
      6.5%
      $1,685,000
      7%
      $1,655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,405,000
      Geo Method
      $1,365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,345,000
      Retail
      $1,595,000
      Mixed-Use
      $1,225,000
      Hospitality
      $1,210,000
      Educational
      $1,345,000
      Residential Income
      $1,345,000
      Energy
      $1,395,000
      Income-Based Land
      $1,290,000
      Food Service
      $1,500,000

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -89.9798
    Latitude
    30.044
    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
    $22,950
    $215,870
    $238,820
    -
    $229,500
    $1,439,100
    $1,668,600

    Comparable in this City

    • Value Estimation by Request
      4,763 SF

      9970 Lk Frst Blvd

      DRUG STORE, PHARMACY • 4,763 SF
      9970 Lk Frst Blvd, New Orleans, LA 70127-2609
      View Details
    • Value Estimation by Request
      5,210 SF

      10200 Chef Menteur Hwy

      DRUG STORE, PHARMACY • 5,210 SF
      10200 Chef Menteur Hwy, New Orleans, LA 70127-4263
      View Details
    • Value Estimation
      $4,210,000
      14,490 SF

      5702 Crowder Blvd

      DRUG STORE, PHARMACY • 14,490 SF
      5702 Crowder Blvd, New Orleans, LA 70127-2409
      View Details
    • Value Estimation by Request
      13,363 SF

      5902 Read Blvd

      DRUG STORE, PHARMACY • 13,363 SF
      5902 Read Blvd, New Orleans, LA 70127-2615
      View Details
    • Value Estimation
      $405,000
      14,176 SF

      5501 Crowder Blvd

      DRUG STORE, PHARMACY • 14,176 SF
      5501 Crowder Blvd, New Orleans, LA 70127-2903
      View Details
    • Value Estimation by Request
      3,261 SF

      7041 Read Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,261 SF
      7041 Read Blvd, New Orleans, LA 70127-2221
      View Details

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    Similar Nearby for Lease

    • $8 SF/Yr
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      Freestanding Retail Building For Lease

      Freestanding retail building with ample parking and convenient accessibility.
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      View Details
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      Prime New Orleans East retail space.
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      High-traffic, 8 spaces available
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    • New
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      Three-bedroom, two-bath home with immediate occupancy and covered parking.
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      View Details
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    7401 Read Blvd
    New Orleans, LA 70127
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    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
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