Four-Suite Office
For Sale
$1,950,000
2628 METAIRIE LAWN Drive, Metairie, LA 70002
Commercial, Metairie, LA
Property Size11,500 SF
Price / SF$169.57
Days on Market8
Property Features for 2628 METAIRIE LAWN Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Parking features
Off Street
Lot features
Regular
Standard status
Active
APN
0820010366
Size
11,500 SF
Utilities
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Listing Agency:
RE/MAX Professional · RE/MAX International
(225) 615-7755
Listed By:
Kent Larrimer · License #000028190
(504) 621-7549
Added: Sep 30
Last Checked: Oct 7 at 6:06AM
MLS# 2579561
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 11,500-square-foot office building, constructed in 1980, is arranged as four spaces across two floors. The left-side spaces each measure 2,816 square feet, while the right-side spaces each measure 2,060 square feet. A shared central area with an open staircase connects the levels. The upstairs left space is configured with smaller individual offices; the other areas are vacant. Off-street parking is available on site.
Key Highlights
- 11,500‑square‑foot office building
- Four spaces across two floors: 2,816 square feet each on the left and 2,060 square feet each on the right
- 53 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,276
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,765,520
$2.8M
Cap Rate 7%
$1,975,371
$2.0M
Cap Rate 9%
$1,536,400
$1.5M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$230.5K $20.04/SF
− Vacancy
−$46.1K −$4.01/SF
EGI
$184.4K $16.03/SF
− OpEx
−$46.1K −$4.01/SF
NOI
$138.3K $12.02/SF
Area
Metairie, LA
Vacancy
20.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,765,520
Cap Rate 7%
$1,975,371
Cap Rate 9%
$1,536,400
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.30M
NOI $138,276 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,511 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 70002, LA
19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A shared central area with an open staircase connects the building’s two levels.
Where is this office building located?
The property is located at 2628 METAIRIE LAWN Drive Metairie, LA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 11,500‑square‑foot office building; Four spaces across two floors: 2,816 square feet each on the left and 2,060 square feet each on the right; 53 off‑street parking spaces
