Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3307 Severn Ave Metairie, LA 70002

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $50 SF/Yr $62,416/Mo (calc)

    Retail spaces for lease in Lakeside Plaza, Metairie.

    Type:Retail
    Property size:
    14,980 SF
    Added:
    Nov 21, 2025
    Days on Market:
    162
    Last Refresh:
    Apr 6 at 1:19 am

    Property Features for 3307 Severn Ave

    General Information

    Standard status
    Active
    Size
    14,980 SF
    Property subtype
    Retail

    Spaces For Lease

    at 3307 Severn Ave Contact us

    We can help!

    Listing Contact
    Henry Shortess

    Listing agent Henry Shortess

    Listing office

    Listing date Nov 21, 2025

    Source Urbanproperties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Henry Shortess

    Overview

    Retail Spaces Available in Metairie

    Lakeside Plaza features multiple retail spaces available for lease. The largest available suite measures 3400 square feet and can be subdivided for two tenants. An additional 1,000-square-foot suite is also available for lease. The property has a total size of 14,980 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stadium Footwear (Bike/Boat/Book/etc) Store Miss Muffin by ... Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Edenborn Plaza — 2617 Edenborn Ave, Metairie, LA 70002
    • American Chassis Leasing — 3848 Veterans Memorial Blvd, Metairie, LA 70002
    • MIGUELITOS — 3110 Cleary Ave, Metairie, LA 70002
    • Coinstar Kiosk | Bitcoin ATM — Rouses Market, 2900 Veterans Blvd, Metairie, LA 70002
    • Cleary Village — 3004 Cleary Ave, Metairie, LA 70002, United States

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1587
    Latitude
    30.0096

    Nearby Similar for Lease

    • $2,250/Mo

      Charming Cottage Style Office Space

      Cottage-style office space near Metairie Rd with strong visibility.
      110 RIDGELAKE Drive, Metairie, LA 70001
      View Details
    • $500/Mo

      Metairie Office Space For Rent

      Upstairs office space with natural light and shared amenities.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $1,000/Mo

      Metairie Office Space For Rent

      Upstairs office space available in Metairie, Louisiana.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $1,000/Mo

      Versatile Space on Veterans Blvd

      1248 sqft space ideal for retail, office, or salon.
      700 PHOSPHOR Avenue, Metairie, LA 70005
      View Details
    • $1,200/Mo

      Metairie Office Suite For Rent

      Updated office suite in central Metairie location available for rent.
      3005 HARVARD Avenue, Metairie, LA 70006
      View Details
    • $8,333/Mo

      New Retail Center in Metairie

      New retail strip center with high visibility in Metairie, LA.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $13,156/Mo

      New Retail Center in Metairie

      High-visibility retail space in a newly constructed Metairie center.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $5,208/Mo

      New Retail Center in Metairie

      New retail strip center with high visibility in Metairie.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $1,100/Mo

      Metairie Office Space For Rent

      Upstairs office space with utilities and internet included.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $2,469/Mo

      New Retail Center in Metairie

      New retail space for lease in high-traffic Metairie location.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $4,200/Mo

      Metairie Retail/Office Space Available

      First floor retail/office space in the heart of Metairie.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70001
      View Details
    • $14,463/Mo

      Veterans Boulevard Commercial Space

      6,942 SF space on Veterans Boulevard available for lease.
      4517 VETERANS Boulevard, Metairie, LA 70006
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in Lakeside Plaza, Metairie.
    Where is this shopping center located?
    The property is located at 3307 Severn Ave Metairie, LA.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Multiple retail spaces for lease.; Available retail space up to 3400SF.; 3400SF space is subdividable for two tenants.
    (504) 264-6145
    We can help!
    Listing Contact
    Henry Shortess
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3307 Severn Ave, Metairie, LA 70002

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!