Two-Story Medical Office
3939 HOUMA Boulevard Unit 13 Metairie, LA 70006
For Sale
$275,000
Medical office suite with clinic space on the first floor and administrative office area on the second floor.
Property Size1,776 SF
Price / SF$154.84
Days on Market581
Property Features for 3939 HOUMA Boulevard Unit 13
General Information
- Standard status
- Active
- Size
- 1,776 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1974
Listing Agency:
Southeast Commercial of MS, LLC
(504) 339-2136
Listed By:
Matt Eaton · License #0000072493
(504) 339-2136
Source:
Xome
Added: Dec 21, 2024
Changed: Jul 21
Last Checked: Jul 24 at 4:59AM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
Southeast Commercial is pleased to present a medical office suite with clinic and administrative space spread across two levels. The first floor offers approximately 1,080 square feet of clinic space, including multiple office spaces, a conference room, two bathrooms, and a kitchenette/break room. The second floor totals approximately 696 square feet and features a spacious office area with generous storage.
The suite is located on Doctor’s Row in Metairie, Louisiana, just steps from East Jefferson General Hospital and surrounded by numerous medical offices.
This configuration supports day-to-day patient and administrative functions within the same suite, with dedicated rooms for collaboration and meeting needs on the first floor and additional work/storage space on the second.
The suite is located on Doctor’s Row in Metairie, Louisiana, just steps from East Jefferson General Hospital and surrounded by numerous medical offices.
This configuration supports day-to-day patient and administrative functions within the same suite, with dedicated rooms for collaboration and meeting needs on the first floor and additional work/storage space on the second.
Key Highlights
- Medical office suite on Doctor’s Row in Metairie, LA, just steps from East Jefferson General Hospital
- First floor features approximately 1,080 SF of clinic space with two bathrooms, kitchenette, break room, and multiple office spaces
- Second floor includes approximately 696 SF with an office area and generous storage
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $25.20 |
| − Vacancy | −$5.4k | −$3.02 |
| EGI | $39.4k | $22.18 |
| − OpEx | −$15.8k | −$8.87 |
| NOI | $23.6k | $13.31 |
1,776 SF · lease $25.20/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 8.59%
Second Best
Office B
$305.1K
$266.9K – $355.9K
NOI $21,355 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$415.9K
$363.9K – $485.2K
NOI $29,113 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Najolia Dental
Dental Office
Brandon P. Donnelly, ...
Physician
Nelson Dental Care
Dental Office
Palmer Maria A MD
Physician
Strother Darren PHD
Physician
Similar Off Market Nearby
- Clearview Veterinary Hospital — 4713 Trenton St, Metairie, LA 70006
- Lakeside Animal Hospital — 3838 Veterans Memorial Blvd, Metairie, LA 70002
- McKenna, P D Dr — 3838 Veterans Memorial Blvd, Metairie, LA 70002
- Tosh Janet T DVM — 4713 Trenton St, Metairie, LA 70006
FAQs
What type of property is this?
Medical Office Space - Medical office suite with clinic space on the first floor and administrative office area on the second floor.
Where is this medical office space located?
The property is located at 3939 HOUMA Boulevard Unit 13 Metairie, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Medical office suite on Doctor’s Row in Metairie, LA, just steps from East Jefferson General Hospital; First floor features approximately 1,080 SF of clinic space with two bathrooms, kitchenette, break room, and multiple office spaces; Second floor includes approximately 696 SF with an office area and generous storage
