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Property profile & analytics
FOR SALE
Parking lots & garages

923 Julia St New Orleans, LA 70113

0.28 ac lot
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US36-0272674
Property summary
AI-generated overview

This exceptional 12,246 square foot commercial and residential development site is ideally situated at 923 Julia Street in the heart of New Orleans' Central Business District (CBD). Located between Baronne Street and O'Keefe Avenue, this property presents a unique opportunity for high-density development. The permitted CBD-5 zoning allows for a substantial building, with regulations permitting a six-story structure up to 75 feet tall within 20 feet of the property line. Beyond that 20-foot boundary, an additional four stories, reaching a maximum height of 125 feet, are permissible. While a previous conditional use approval for a hotel has expired, this versatile site offers significant potential for a variety of mixed-use projects, capitalizing on its prime location and generous building allowances. The asking price for this exceptional property is $2,550,000, translating to $208.23 per square foot. The property's address is 923 Julia Street, New Orleans, Louisiana, 70113, within Orleans Parish. Detailed information is available upon request. This is a rare opportunity to acquire a substantial development site in a thriving New Orleans location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.28 ac (12,258 SF)
APN 103104906
UPID US36-0272674
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
Current use
Occupant on record · Public records
  • Premium Parking - P0912 Parking Lot & Garage
  • 923 Julia St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
919 Julia Street LLC · 10 yrs held
919 Julia Street LLC
since 2015
3 recorded transactions
2017
Price N/A
2015
$1.5M
2015
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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