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    3429 Service Rd Metairie, LA

    For Sale
    $6,200,000

    4.37 acre site with income in place.

    Property size:
    19,735 SF
    Lot size:
    2.03 Acres

    Property Features for 3429 Service Rd

    General Information

    Size
    19,735 SF
    Lot size
    2.03 Acres

    Source: SRSA Commercial Real Estate Agent Christopher Robertson

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

    Overview

    Prime Metairie Redevelopment Opportunity

    A rare opportunity to purchase or ground lease a combined 4.37-acre site in Metairie, Louisiana, offering direct Interstate 10 visibility. The owners are open to offers on the entire site or Parcels A and B separately. Parcel A features a 3-story office building, known as the Crutcher–Tufts Building, with 30,114 square feet of leasable space. The first and second floors are leased to three tenants: Enterprise Corporate Office, Stanley Security, and State Farm. The third floor is currently vacant. Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provisions allowing the owner to cancel the leases with either a 6-month or 12-month notice. This property presents a redevelopment opportunity with income in place. The zoning allows for multi-family, hotel, office, retail, or medical uses. Copies of leases, surveys, income statements, tax records, floor plans, and Phase I environmental reports are available for review upon signing a Confidentiality Agreement. The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1635442
    Latitude
    29.9797336

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    FAQs

    What type of property is this?
    Office building - 4.37 acre site with income in place.
    Where is this office building located?
    The property is located at 3429 Service Rd Metairie, LA.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: - 4.37 acre site in the heart of Metairie, Louisiana.; - Direct Interstate 10 visibility.; - Redevelopment opportunity with income in place.
    (214) 537-4782
    Request Owner's contact information
    3429 Service Rd Metairie, LA
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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
    3429 Service Rd Metairie, LA
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