2601 Milan St, New Orleans, LA 70115 - Valuation report, cap rates, free data
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2601 Milan St, New Orleans, LA 70115

Indicative value *
$0.2M - $0.3M
* 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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C
Overall location
score
46
Value decline
risk score
86
Value growth
potential score
  • Gentrifying area
  • Popular area with foot traffic score of 84 (out of 100)
  • Close to highway, highway score is 91 (out of 100)
  • Employers in the area are large-size businesses, including Touro Infirmary, Crescent City Physicians, Greenie House, Lycee Francais De La Nouvelle-orleans, Strive Incorporated, Internal Medicine Specialists Inc. Apc, Central Management Consultants, Nami New Orleans Inc., Anesthesia Consultants Of The South L.l.c., Drs. Leader Balkan & Hendricks Apmc, Best Clinical Trials Llc
  • Mix of residential and commercial buildings with 40% of people residing in the area and 60% commuting here for work
  • Medium population density of 9,272/sq.mi. in 0.3mi and 5,546/sq.mi. in 3mi
  • Access to public transit is average with transit score of 28 (out of 100)
  • Population has average level of education with 30% of people with bachelor degrees
  • High employee density of 40 per squae mile in 0.3mi
  • Within or relatively close to an urban center
  • A number of amenities within walking distance but not many, including restaurants Rook Cafe, Wayfare, Silky's Restaurant & Bar, Sarita's Grill, The High Hat Cafe
  • Low household income of $38,001/year in 0.3mi and medium household income of $45,822/year in 3mi
  • Low population density of 9,272/sq.mi. in 0.3mi and medium population density of 5,546/sq.mi. in 3mi
  • Low retail growth
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • USA / Louisiana / 70115 / 2601 Milan St, New Orleans, LA 70115, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    2
    265000
    06/02/20
    Multi-Family
    2
    29658
    03/18/19
    Multi-Family
    2
    107500
    02/26/19
    Multi-Family
    2
    105000
    02/22/19
    Multi-Family
    2
    54500
    10/23/17
    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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    Name
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    Retail Landscape

    Foot traffic

    Population Density

    Income

    Business Density

    Salaries

    Highways

    Public Transit

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