Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    8314 Oak St New Orleans, LA 70118-2044
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8314 Oak St New Orleans, LA 70118-2044

    View on Map
    • Retail space
    • 7,066 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US36-0677992
    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
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vino Fine Wine and Spirits / Specialty Food Shop / Wine and Liquor Store

    Property Details for 8314 Oak St

    Year built
    1920
    Lot size
    0.17 lot acres
    Property size
    7,066 SF
    Property type
    Retail space
    APN
    716110713
    APU
    716110713

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $687,000
      Market price range: $404k - $1.65M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,045,000
      Current use
      OFFICE BUILDING
      $940,000
      Change: -10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $870,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.132
    Latitude
    29.9488
    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
    $14,400
    $57,800
    $72,200
    -
    $144,000
    $385,300
    $529,300

    Comparable in this City

    • Value Estimation by Request
      2,480 SF

      8125 Hampson St

      RETAIL STORES (PERSONAL SERVICES) • 2,480 SF
      8125 Hampson St, New Orleans, LA 70118-1025
      View Details
    • Value Estimation
      $545,000
      4,913 SF

      7833 Saint Charles Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,913 SF
      7833 Saint Charles Ave, New Orleans, LA 70118-3848
      View Details
    • Value Estimation by Request
      2,886 SF

      8021 Plum St

      RETAIL STORES (PERSONAL SERVICES) • 2,886 SF
      8021 Plum St, New Orleans, LA 70118
      View Details
    • Value Estimation by Request
      3,208 SF

      724 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 3,208 SF
      724 Adams St, New Orleans, LA 70118-3931
      View Details
    • Value Estimation
      $510,000
      3,300 SF

      6055 Magazine St

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      6055 Magazine St, New Orleans, LA 70118-5823
      View Details
    • Value Estimation
      $845,000
      9,240 SF

      710 Carrollton Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,240 SF
      710 Carrollton Ave, New Orleans, LA 70118-1010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,713 SF

      Uptown Mixed-Use Investment Opportunity

      Historic mixed-use property in desirable Uptown New Orleans location.
      1516 S Carrollton Ave, New Orleans, LA 70118
      View Details
    • Contact for pricing
      3,540 SF

      Income-Producing Commercial Property on Oak

      Two-story commercial building with off-street parking on bustling Oak Street.
      8228 Oak St, New Orleans, LA 70118
      View Details
    • $549,000
      3,527 SF

      Carrollton Avenue Mixed-Use Property

      Commercial/residential property in vibrant Carrollton Ave area.
      1516 S Carrollton Ave, New Orleans, LA 70118
      View Details
    • $825,000
      Pending

      New Orleans Multifamily Investment Opportunity

      Multifamily property near Tulane and Loyola Universities.
      710 Burdette St, New Orleans, LA 70118
      View Details
    • $1,249,000
      2,750 SF

      Uptown New Orleans Double Lot

      Reimagined double near Audubon Park with investment potential.
      6321 Laurel St, New Orleans, LA 70118
      View Details
    • $310,000
      3,387 SF

      Spacious Triplex with Income Potential

      Triplex featuring 8 bedrooms, suitable for owner-occupants or investors.
      8120-22 Apple St, New Orleans, LA 70118
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr

      Uptown Riverbend Retail/Office Space

      Multi-tenant center with customizable suites in a vibrant neighborhood.
      701 Dante St, New Orleans, LA 70118
      View Details
    • $1,800 /Mo
      800 SF

      Retail Space in New Orleans

      Retail space available for rent in New Orleans, Louisiana.
      1404 Dante St, New Orleans, LA 70118
      View Details
    • $2,500 /Mo
      1,700 SF

      River Bend Cottage for Lease

      Uptown New Orleans raised cottage suitable for office or retail.
      724 Dublin St, New Orleans, LA 70118
      View Details
    • $2,500 /Mo
      1,700 SF

      Retail Space on Dublin Street

      Retail space available for rent in New Orleans, Louisiana.
      724 Dublin St, New Orleans, LA 70118
      View Details
    • $5,750 /Mo
      2,040 SF

      Retail Space on Oak Street

      Retail space available for lease in New Orleans, LA.
      8228 Oak St, New Orleans, LA 70118
      View Details
    • $2,900 /Mo
      1,800 SF

      Riverbend Office or Retail Space

      1800 sqft office/retail space in prime New Orleans location.
      732 Dublin St, New Orleans, LA 70118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8314 Oak St
    New Orleans, LA 70118-2044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!