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    8814 Veterans Memorial Blvd Metairie, LA 70003

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    For Sale
    $6,900,000

    33,069 SF retail space in Metairie, Louisiana.

    Property size:
    1,500 SF
    Lot size:
    1.77 Acres

    Property Features for 8814 Veterans Memorial Blvd

    General Information

    Size
    1,500 SF
    Lot size
    1.77 Acres

    Source: The McEnery Company Inc Agent Gordon McLeod

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

    Overview

    Retail Opportunity on Veterans Boulevard

    The property at 8814 Veterans Memorial Boulevard in Metairie, Louisiana, offers a 33,069-square-foot retail opportunity. Located on Veterans Memorial Boulevard, a primary retail corridor, the property is near national retailers such as Wal-Mart, Home Depot, and Academy Sports + Outdoors. The property is being offered at a 6.13% capitalization rate. There is potential for value-add through lease-up of three current vacancies and improved operational efficiencies, as well as triple-net conversion of several current leases, yielding a potential double-digit unlevered return.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Wheel Novelties, ... Promotional Products Supplier Direct General Auto ... Auto Insurance Agency Marie Tabony - Humana ... Health Insurance Agency Patricia Palermo - Humana ... Health Insurance Agency BadgeScan Software Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    AMEVERGREEN PLAZA, Quick-Tag, Trunk Tower, Whitewater Creek Retail Center, Magnolia Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.2241869
    Latitude
    30.0047685

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    FAQs

    What type of property is this?
    Shopping center - 33,069 SF retail space in Metairie, Louisiana.
    Where is this shopping center located?
    The property is located at 8814 Veterans Memorial Blvd Metairie, LA.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Located on Veterans Memorial Boulevard, the premiere retail corridor in the region.; - Immediate value-add opportunity through lease up of three vacancies.; - Potential for double-digit unlevered return through lease improvements and operational efficiencies.
    (504) 717-3648
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    8814 Veterans Memorial Blvd Metairie, LA 70003
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    Realmo Value Estimation

    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.

    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.

    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
    8814 Veterans Memorial Blvd Metairie, LA 70003
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