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    Property profile & analytics

    745 Baronne St New Orleans, LA 70112

    • Office Properties & Spaces
    • 1,107 SF
    • 0.02 lot acres
    For Sale
    View listing
    $379,000
    Last Sale
    Jul 30, 2025
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0568573
    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

    • Skin & Body Balance / Alternative Medicine Practice
    • Simoko Nails / Nail Salon
    • Perfect 10 / Nail Salon

    Property Details for 745 Baronne St

    Year built
    1920
    Lot size
    0.02 lot acres
    Property size
    1,107 SF
    Property type
    Office Properties & Spaces
    APN
    103104910
    APU
    103104910

    Description

    This exceptional Class A commercial condominium, located at 745 Baronne Street in New Orleans' vibrant Warehouse District, offers a unique investment and owner-user opportunity. The 1,150 square foot space, meticulously renovated in 2021, features high ceilings and attractive storefront glass providing excellent street frontage on Baronne Street. Currently configured as a nail salon, the property is offered as a fee simple ownership with the potential for a turnkey acquisition, including furniture, fixtures, and equipment (FF&E). The single-story building benefits from a C-5 zoning designation, providing flexibility for a variety of retail or office uses. Its prime location offers easy access to numerous amenities, including popular restaurants like Rouses, Daily Beet, and Willa Jean, as well as the South Market District and other Warehouse District and Central Business District attractions. The asking price is $399,000, translating to $346.96 per square foot. This represents a compelling investment in a thriving New Orleans neighborhood. The property's convenient location and recent renovation make it an ideal choice for discerning buyers seeking a high-quality commercial space in a desirable area. This is a single-unit property in a one-building complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0743
    Latitude
    29.947
    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
    $4,590
    $38,300
    $42,890
    -
    $45,900
    $255,300
    $301,200

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      601 Baronne St, Unit C1

      CONDOMINIUM OFFICES • 1,500 SF
      601 Baronne St, New Orleans, LA 70113-1066
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    • Value Estimation by Request
      4,852 SF

      807 Howard Ave

      Office Properties & Spaces • 4,852 SF
      807 Howard Ave, New Orleans, LA 70113
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    • Value Estimation by Request
      2,155 SF

      848 Baronne St, Unit C1

      CONDOMINIUM OFFICES • 2,155 SF
      848 Baronne St, New Orleans, LA 70113-1103
      View Details
    • Value Estimation
      $730,000
      6,870 SF

      1001 Julia St, Unit R1

      CONDOMINIUM OFFICES • 6,870 SF
      1001 Julia St, New Orleans, LA 70113-1948
      View Details
    • Value Estimation by Request
      3,282 SF

      898 Baronne St, Unit C2

      CONDOMINIUM OFFICES • 3,282 SF
      898 Baronne St, New Orleans, LA 70113-1103
      View Details
    • Value Estimation by Request
      3,744 SF

      835 Saint Joseph St, Unit C3

      CONDOMINIUM OFFICES • 3,744 SF
      835 Saint Joseph St, New Orleans, LA 70113-1117
      View Details

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    745 Baronne St
    New Orleans, LA 70112
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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.

    More about this property
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