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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Parking lots & garages
864 Peters St New Orleans, LA 70130
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US36-0295003
Property summary
AI-generated overview
This stunning, renovated 1885 building in the Uptown-Garden District offers 13,570 square feet of immediately available executive office space, divisible to 4,602 square feet. Located in Orleans Parish, this Class B property boasts a prime location with easy access to amenities and restaurants. The 32,185 total square foot building features one, two-story structure situated on a 0.54-acre lot, zoned CBD-2. The current vacant suite (4,602 - 13,570 sq ft) is a turnkey solution, including seven offices, a reception area, break room, lounge, open workspace, and a conference area. High-end finishes and convenient covered parking (71 spaces) are key features. The building underwent a complete renovation in 2017, offering a blend of historic charm and modern functionality. Expansion opportunities exist, with the potential to lease the entire fourth floor. This exceptional property presents a unique opportunity for businesses seeking a prestigious and convenient location in a vibrant submarket. The APN is 103101002. This is a multi-tenant building.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1900
Total area
84,942 SF
Lot
0.52 ac (22,585 SF)
APN
103101002
UPID
US36-0295003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Cp Dlbf LLC · 10 yrs held
Cp Dlbf LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Orleans submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,355,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$10 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$634,760
Assessed 2023
Previous assessed
$502,250
+26.4% YoY
Assessed land
$135,510
Assessed improvement
$499,250
Land market value
$1,355,100
Improvement market value
$3,328,300
Total market value
$4,683,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1900
Heating
NONE
Total area
84,942 SF
Lot
0.52 ac (22,585 SF)
APN
103101002
UPID
US36-0295003
Jurisdiction
ORLEANS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.4M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
Cp Dlbf LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1000 S NORMAN C FRANCIS PKWY, NEW ORLEANS, LA 70125-1219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2016
$8,619,675
Cp Dlbf LLC
864 South Peters Owner LLC
Grant Deed
—
Apr 8, 2016
$6,419,675
864 South Peters Owner LLC
International Shipholding Corp
Grant Deed
—
—
—
International Shipholding Corp
—
Deed Of Trust
related
$150,000 · Bmo Harris Equipment Finance C
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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