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Property profile

818 Bourbon St New Orleans, LA 70112

FOR SALE
Other apartment buildings
Property ID
US36-2533180
6,214 SF 0.09 ac lot Built 1860
Last sale Sep 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is located on the 800 block of Bourbon Street in the French Quarter area and comprises eight individually structured condominium residences within a single building totaling 6,214 square feet, along with a shared French Quarter courtyard. The residences include a mix of floor plans, featuring multi-bedroom layouts and courtyard-facing units, with Unit 2A providing a second-floor Bourbon Street balcony. The interior finishes include updated kitchens and bathrooms, with in-unit…

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$58k
Assessed land$28k
Assessed improvement$30k

Value estimate

· Oct 2026
$820k
$738k – $902k
AI approach$880k
CAP approach$1.12M
Submarket $/SF estimate$603k
NOI build-up
Gross scheduled income$145k
Vacancy & credit loss−$13k
Operating expenses−$59k
NOI · 2.41% cap applied$72k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$147/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$97 – $198
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.41%
$72k 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: Home Appliance Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Home Appliance Store9.6
HVAC Service9.3
Dry Cleaner9.2

Location

818 Bourbon St New Orleans, LA 70112
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1332 Esplanade, New Orleans, LA 70116-1801 $125,000 Mar 2024 6,825 SF
1002 Esplanade, New Orleans, LA 70116-1945 $950,000 Oct 2023 5,976 SF
1824 Esplanade, New Orleans, LA 70116-1797 $468,000 Jan 2023 5,441 SF
632 Esplanade, New Orleans, LA 70116-2036 $1,140,000 Apr 2022 5,406 SF
2014 Rampart, New Orleans, LA 70116-1659 $1,300,000 Dec 2021 6,400 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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