7851 Read Blvd, New Orleans, LA 70127 - Valuation report, cap rates, free data
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7851 Read Blvd, New Orleans, LA 70127

Indicative value *
$1.8M - $2.2M
* 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
97
Value decline
risk score
81
Value growth
potential score
  • Residential district area with 99% of people residing in the area and 1% commuting here for work
  • High population density of 10,989/sq.mi. in 0.3mi and medium population density of 2,206/sq.mi. in 3mi
  • Close to highway, highway score is 95 (out of 100)
  • Within or relatively close to an urban center
  • A number of amenities within walking distance but not many, including restaurants Dish On Hayne
  • Low household income of $20,615/year in 0.3mi and $31,906/year in 3mi
  • Low retail growth
  • Not popular area with foot traffic score of 0 (out of 100)
  • Limited public transit with transit score of 7 (out of 100)
  • Population has low level of education with 9% of people with bachelor degrees
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • Employers in the area are small-size businesses
  • USA / Louisiana / 70127 / 7851 Read Blvd, New Orleans, LA 70127, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    27
    111111
    01/17/19
    Multi-Family
    16
    37500
    09/26/18
    Multi-Family
    21
    85714
    05/07/18
    Multi-Family
    96
    80729
    04/16/18
    Multi-Family
    52
    68750
    12/08/17
    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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