1933 Milan St, New Orleans, LA 70115 - Valuation report, cap rates, free data
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1933 Milan St, New Orleans, LA 70115

Indicative value *
$0.5M - $0.6M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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B
Overall location
score
93
Value decline
risk score
87
Value growth
potential score
  • Residential district area with 94% of people residing in the area and 6% commuting here for work
  • High population density of 10,837/sq.mi. in 0.3mi and medium population density of 5,348/sq.mi. in 3mi
  • Close to highway, highway score is 76 (out of 100)
  • Population has high level of education with 50% of people with bachelor degrees
  • Medium household income of $55,241/year in 0.3mi and $45,574/year in 3mi
  • Area has average popularity with foot traffic score of 67 (out of 100)
  • Access to public transit is average with transit score of 25 (out of 100)
  • Within or relatively close to an urban center
  • A number of amenities within walking distance but not many, including restaurants French Truck Cafe, New Orleans Coffee & Beignet Co, Charlie's Steak House, Pascal's Manale, New Orleans Hamburger & Seafood Co.
  • Employers in the area are medium-size businesses, including Touro Infirmary, Crescent City Physicians, Greenie House, The Commanders Family Of Restaurants Inc., Saint George's Episcopal School, Lanier & Associates Consulting Engineers Inc., Lycee Francais De La Nouvelle-orleans, Strive Incorporated, Felipe's Louisiana Llc, Carriere-Stumm Inc, Internal Medicine Specialists Inc. Apc
  • Low population density of 10,837/sq.mi. in 0.3mi and medium population density of 5,348/sq.mi. in 3mi
  • Low retail growth
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • USA / Louisiana / 70115 / 1933 Milan St, New Orleans, LA 70115, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    2
    258500
    05/26/21
    Multi-Family
    3
    158333
    03/05/21
    Multi-Family
    2
    275667
    07/29/20
    Multi-Family
    3
    181666
    06/26/19
    Multi-Family
    4
    131250
    08/24/18
    Multi-Family
    2
    228750
    12/02/16
    Multi-Family
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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