3000 Magazine St, New Orleans, LA 70115 - Valuation report, cap rates, free data
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3000 Magazine St, New Orleans, LA 70115

Indicative value *
$6.2M - $7.5M
* 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
99
Value decline
risk score
87
Value growth
potential score
  • Gentrifying area
  • Residential district area with 78% of people residing in the area and 22% commuting here for work
  • High household income of $76,700/year in 0.3mi and medium household income of $46,545/year in 3mi
  • High population density of 12,034/sq.mi. in 0.3mi and medium population density of 5,340/sq.mi. in 3mi
  • Popular area with foot traffic score of 97 (out of 100)
  • Population has high level of education with 66% of people with bachelor degrees
  • Many amenities within walking distance, including restaurants Coquette, Sucré, Red Dog Diner, Commander's Palace, GG's Dine-O-Rama
  • Average retail growth
  • Access to public transit is average with transit score of 26 (out of 100)
  • Not on highway, but relatively close, highway score is 61 (out of 100)
  • Medium employee density of 78 per squae mile in 0.3mi
  • Average business growth
  • Within or relatively close to an urban center
  • Employers in the area are medium-size businesses, including Touro Infirmary, Renew, Crescent City Physicians, The Louise S. Mcgehee School, The Commanders Family Of Restaurants Inc., Saint George's Episcopal School, Lanier & Associates Consulting Engineers Inc., Kingsley House, New Orleans Convention & Visitors Bureau, Dr. Mary M. Abell, MD, St. Charles Sugical Hospital Llc
  • Low population density of 12,034/sq.mi. in 0.3mi and medium population density of 5,340/sq.mi. in 3mi
  • Low job growth in the area (within 3mi radius)
  • USA / Louisiana / 70115 / 3000 Magazine St, New Orleans, LA 70115, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    7
    60714
    03/19/21
    Multi-Family
    6
    444166
    06/01/18
    Multi-Family
    11
    122727
    04/20/18
    Multi-Family
    8
    220500
    05/26/17
    Multi-Family
    7
    130871
    01/06/17
    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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    Retail Landscape

    Foot traffic

    Population Density

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    Business Density

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