Freestanding Flex
For Sale
Contact for pricing
1425 Airline Dr, Metairie, LA 70001
C2-zoned property with substantial on-site parking and adaptable office improvements.
Property Size23,584 SF
Days on Market339
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Property Features for 1425 Airline Dr
General Information
Standard status
Active
Size
23,584 SF
Class
Class A
Total Parking Spaces
204
Property subtype
Retail
Zoning
C2
Amenities
Vacant
Building Details
Year Built
2007
Buildings
1
Building Size
23,584 SF
Parking Ratio
8.65 per 1,000 SF
Listing Agency:
Jones Lang LaSalle Americas Inc.
Listed By:
Greg Riera · License #0000014235
(504) 585-2670
Source:
Lacdb.resimplifi
Added: Nov 10, 2025
Changed: Oct 15
Last Checked: Oct 14 at 7:32PM
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 Jones Lang LaSalle Americas Inc.
Investment Insights
Based on property information with market context.
This freestanding 23,595-square-foot building was constructed in 2007 as office/warehouse space and is currently configured entirely for office use. The layout retains the flexibility to be converted back toward its original office/warehouse configuration, supporting varied commercial requirements. C2 zoning and the building’s adaptable format also support consideration of retail and other commercial uses identified for the property.
Located at 1425 Airline Dr in Metairie, the property provides substantial on-site parking with 204 spaces, equal to 8.65 spaces per 1,000 square feet of building area. Its position along Airline Drive provides the access and exposure described for the site.
Located at 1425 Airline Dr in Metairie, the property provides substantial on-site parking with 204 spaces, equal to 8.65 spaces per 1,000 square feet of building area. Its position along Airline Drive provides the access and exposure described for the site.
Key Highlights
- 23,595‑square‑foot freestanding building
- Built in 2007
- Currently configured as 100% office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$270,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,418,160
$5.4M
Cap Rate 7%
$3,870,114
$3.9M
Cap Rate 9%
$3,010,089
$3.0M
Market Conditions
NOI Build-Up for 23,595 SF
Gross rent
$453.0K $19.20/SF
− Vacancy
−$36.2K −$1.54/SF
EGI
$416.8K $17.66/SF
− OpEx
−$145.9K −$6.18/SF
NOI
$270.9K $11.48/SF
Area
Metairie, LA
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,418,160
Cap Rate 7%
$3,870,114
Cap Rate 9%
$3,010,089
Alternative Uses
Best Use
Office B
$4.05M
$3.55M – $4.73M
NOI $283,706 @ 7.0% cap · market cap 28,370,600.00%
Second Best
Industrial
$4.05M
$3.54M – $4.73M
NOI $283,532 @ 7.0% cap · market cap 28,353,200.00%
Theoretical Best
Office A
$5.53M
$4.83M – $6.45M
NOI $386,776 @ 7.0% cap · market cap 38,677,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Carnival Brands Inc — 803 Jefferson Hwy, Jefferson, LA 70121
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- New Orleans Catering Inc — 1608 Justin Rd, Metairie, LA 70001
- Hurricane BBQ & Seafood — 14 Hunter Pl, Metairie, LA 70001
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned property with substantial on-site parking and adaptable office improvements.
Where is this flex space located?
The property is located at 1425 Airline Dr Metairie, LA.
What are key features of this property?
This property features: 23,595‑square‑foot freestanding building; Built in 2007; Currently configured as 100% office space
