Medical Office Suite Near
For Sale
$250,000
13-3939 Houma Blvd, Metairie, LA 70001
Medical office suite near East Jefferson General Hospital.
Property Size1,776 SF
Price / SF$140.77
Days on Market465
Property Features for 13-3939 Houma Blvd
General Information
Standard status
Active
Size
1,776 SF
Listing Agency:
Southeast Commercial of MS, LLC
(228) 276-2700
Listed By:
Matthew Eaton · License #000072493
(504) 339-2136
Source:
Exprealty
Added: Jul 8, 2025
Changed: Oct 8
Last Checked: Oct 15 at 12:47AM
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.
This medical office suite is located on Doctor’s Row in Metairie, Louisiana, near East Jefferson General Hospital and surrounded by numerous medical offices. The first floor provides approximately 1,080 square feet of clinic space, featuring two bathrooms, a kitchenette, a break room, multiple office spaces, and a conference room. The second floor measures 696 square feet and includes a spacious office area with generous storage, suitable for administrative use or additional workstations. The property is intended for use as a medical office.
Key Highlights
- Prime location on Doctor's Row in Metairie, LA, near East Jefferson General Hospital.
- Turnkey medical office suite ready for immediate occupancy.
- First floor: Approximately 1,080 sq ft of clinic space with multiple offices, two bathrooms, kitchenette, break room, and conference room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,355
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,100
$427.1K
Cap Rate 7%
$305,071
$305.1K
Cap Rate 9%
$237,278
$237.3K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$35.6K $20.04/SF
− Vacancy
−$7.1K −$4.01/SF
EGI
$28.5K $16.03/SF
− OpEx
−$7.1K −$4.01/SF
NOI
$21.4K $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%
$427,100
Cap Rate 7%
$305,071
Cap Rate 9%
$237,278
Alternative Uses
Best Use
Healthcare Medical
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 9.45%
Second Best
Office B
$305.1K
$266.9K – $355.9K
NOI $21,355 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$415.9K
$363.9K – $485.2K
NOI $29,113 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite near East Jefferson General Hospital.
Where is this medical office space located?
The property is located at 13-3939 Houma Blvd Metairie, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location on Doctor's Row in Metairie, LA, near East Jefferson General Hospital.; Turnkey medical office suite ready for immediate occupancy.; First floor: Approximately 1,080 sq ft of clinic space with multiple offices, two bathrooms, kitchenette, break room, and conference room.
