Metairie Multi-Tenant Office
For Sale
$5,500,000
2121 North Causeway Boulevard, Metairie, LA 70001
Multi-tenant office building with high visibility and convenient access.
Property Size35,431 SF
Days on Market147
Property Features for 2121 North Causeway Boulevard
General Information
Standard status
Active
Size
35,431 SF
Class
B
Property subtype
Office
Building Details
Building Size
35,431 SF
Listing Agency:
SVN Urban Properties
Listed By:
Hayden Davis · License #995716528
(502) 379-5066
Source:
Svn
Added: May 14
Changed: Sep 8
Last Checked: Oct 5 at 5:39PM
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 SVN Urban Properties
Investment Insights
Based on property information with market context.
The property at 2121 N. Causeway Boulevard is a multi-tenant office building situated near the intersection of N. Causeway Boulevard and I-10 in Metairie. The location offers strong visibility and high traffic counts, with convenient access from across the New Orleans Metropolitan Statistical Area and the Northshore.
Key Highlights
- Strong visibility due to location on N. Causeway Boulevard
- High traffic counts, indicating a prominent location
- Convenient access from across the New Orleans MSA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$426,022
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,520,440
$8.5M
Cap Rate 7%
$6,086,029
$6.1M
Cap Rate 9%
$4,733,578
$4.7M
Market Conditions
NOI Build-Up for 35,431 SF
Gross rent
$710.0K $20.04/SF
− Vacancy
−$142.0K −$4.01/SF
EGI
$568.0K $16.03/SF
− OpEx
−$142.0K −$4.01/SF
NOI
$426.0K $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%
$8,520,440
Cap Rate 7%
$6,086,029
Cap Rate 9%
$4,733,578
Alternative Uses
Best Use
Office B
$6.09M
$5.33M – $7.10M
NOI $426,022 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.30M
$7.26M – $9.68M
NOI $580,795 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
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 - Multi-tenant office building with high visibility and convenient access.
Where is this office building located?
The property is located at 2121 North Causeway Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strong visibility due to location on N. Causeway Boulevard; High traffic counts, indicating a prominent location; Convenient access from across the New Orleans MSA
