Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    909 Poydras St New Orleans, LA 70112-4000

    • Office buildings
    • 736,350 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $7,095,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0503504
    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

    • Blanchard and Company, Inc. / (Bike/Boat/Book/etc) Store
    • Bland & Partners / Law Firm
    • Holzenthal Karen T / Law Firm
    • FFC Investment Advisors of Raymond James / Financial Advisor
    • John T Fuller & Associates / Law Firm

    Property Details for 909 Poydras St

    Year built
    1983
    Lot size
    0.69 lot acres
    Property size
    736,350 SF
    Property type
    Office buildings
    APN
    104102101
    APU
    104102101

    Description

    The Bank Plus Tower, a Class A, 36-story office building located at 909 Poydras St, New Orleans, LA 70112, offers 545,145 square feet of traditional office space. Built in 1987, this iconic structure sits on a 0.55-acre lot and boasts 15 elevators (12 passenger, 2 parking garage, and 1 service) for efficient vertical transportation. The building provides convenient on-site parking with 520 spaces for tenants and visitors. Currently, there are 21 available office spaces ranging from 913 to 20,282 square feet, perfect for businesses of various sizes. Tenants and guests enjoy the benefit of a diverse range of amenities including the City Greens Restaurant, a sizable conference facility, a First Bank and Trust branch, and a convenience store. This exceptional property is situated in the heart of New Orleans' Central Business District, offering unparalleled access to the city's vibrant commercial and cultural scene. The building's multiple tenancy structure provides a dynamic and collaborative environment. This is a rare opportunity to secure space in one of New Orleans' most sought-after office towers.

    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
    -90.0737
    Latitude
    29.9507
    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
    $301,690
    $4,840,820
    $5,142,510
    -
    $3,016,900
    $32,272,100
    $35,289,000

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      2021 Canal St

      OFFICE BUILDING • 0.22 Acres
      2021 Canal St, New Orleans, LA 70112-3017
      View Details
    • Value Estimation by Request
      8,184 SF

      309 Baronne St

      OFFICE BUILDING • 8,184 SF
      309 Baronne St, New Orleans, LA 70112-1605
      View Details
    • Value Estimation
      $5,255,000
      696,253 SF

      1615 Poydras St

      OFFICE BUILDING • 696,253 SF
      1615 Poydras St, New Orleans, LA 70112-1254
      View Details
    • Value Estimation
      $1,600,000
      6,892 SF

      341 Baronne St

      OFFICE BUILDING • 6,892 SF
      341 Baronne St, New Orleans, LA 70112-1628
      View Details
    • Value Estimation by Request
      3,420 SF

      410 Rampart St

      OFFICE BUILDING • 3,420 SF
      410 Rampart St, New Orleans, LA 70112-1024
      View Details
    • Value Estimation
      $1,450,000
      10,866 SF

      361 Rampart St

      OFFICE BUILDING • 10,866 SF
      361 Rampart St, New Orleans, LA 70112
      View Details

    Similar Nearby for Sale

    • $625,000
      2,059 SF

      CBD Ground-Floor Office Space

      Prime CBD office space with modern renovations and accessibility features.
      821 Perdido St, New Orleans, LA 70112
      View Details
    • Contact for pricing
      28,943 SF

      New Orleans Hotel Redevelopment

      Historic Gus Mayer Building, prime location.
      800 Canal St, New Orleans, LA 70112
      View Details
    • $4,500,000
      0.34 Acres

      French Quarter Development Land

      Prime 0.34-acre commercial lot.
      524 Rampart St, New Orleans, LA 70112
      View Details
    • New
      $250,000
      1,900 SF

      CBD Corner Lot Near Quarter

      Prime vacant land in New Orleans CBD, close to French Quarter.
      1500 Cleveland Ave, New Orleans, LA 70112
      View Details
    • $1,725,000
      8,212 SF

      CBD Hospitality Investment Opportunity

      New Orleans Mixed-Use Property, $1.725M
      213 Baronne St, New Orleans, LA 70112
      View Details
    • New
      $250,000
      1,900 SF

      CBD Corner Lot Near Quarter

      Prime commercial corner lot in New Orleans' Central Business District.
      1500 Cleveland Ave, New Orleans, LA 70112
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      2,000 SF

      Hard Corner Ground Fl. Retail Space at Sonesta Hotel in CBD

      Retail properties
      212 Loyola Ave, New Orleans, LA 70112
      View Details
    • $17 SF/Yr
      500,001 SF

      Prime New Orleans Office Space

      Class A Office, 18 Suites Available
      1615 Poydras St, New Orleans, LA 70112
      View Details
    • $20 SF/Yr
      4,894 SF

      NO BioDistrict Commercial Gem

      Modern Office & Retail Space in New Orleans
      2000 Tulane Ave, New Orleans, LA 70112
      View Details
    • $13 SF/Yr
      16,000 SF

      Prime New Orleans Office Space

      16,000 SF Office, Downtown Location
      222 Baronne St, New Orleans, LA 70112
      View Details
    • $15 SF/Yr
      1,297 SF

      Prime New Orleans Office Space

      1,297 SF Office, Gravier St. Location
      837 Gravier St, New Orleans, LA 70112
      View Details
    • $15 SF/Yr
      378,895 SF

      Orleans Tower Office Suites

      Downtown New Orleans Office Space
      1340 Poydras St, New Orleans, LA 70112
      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.
    909 Poydras St
    New Orleans, LA 70112-4000
    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.