Freestanding Office
For Sale
Contact for pricing
1513 Clearview Pkwy., Metairie, LA 70001
Freestanding office building with reception, private offices, break room, and on-site parking plus a privacy-fenced yard.
Property Size1,480 SF
Price / SF$235.81
Days on Market55
Property Features for 1513 Clearview Pkwy.
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Retail, Office
Zoning
General Office District
Investment Type
Owner/User
Additional Details
Fenced Yard
Yes
Office Units
3
Building Details
Stories
1
Listing Agency:
NAI Rampart
Listed By:
Betty Pei Ching Sun · License #LA 0995680489
Source:
Crexi
Added: Jun 30
Changed: Aug 13
Last Checked: Aug 23 at 6:30AM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This well-maintained freestanding office building is designed with a flexible interior layout for day-to-day business use. The space includes a welcoming reception and waiting area, a break room, a half bath, and three private offices. Abundant natural light supports a bright work environment throughout the interior.
The property is located at 1513 Clearview Pkwy. in Metairie, LA, with access to W. Napoleon Avenue and Interstate 10. The public remarks also note it is about six minutes from Veterans Boulevard, supporting convenient regional connectivity.
The configuration suits owner-occupants who want a self-contained office with dedicated private rooms, as well as businesses looking for a straightforward small-office setup. The site includes ample on-site parking and a privacy-fenced yard, adding practical value for tenant operations that benefit from outdoor space or added discretion. The property is offered for sale in “as is, where is” condition, with zoning, overlays, and intended use to be verified by the purchaser, and a Waiver of Redhibition to be executed as part of the transaction.
The property is located at 1513 Clearview Pkwy. in Metairie, LA, with access to W. Napoleon Avenue and Interstate 10. The public remarks also note it is about six minutes from Veterans Boulevard, supporting convenient regional connectivity.
The configuration suits owner-occupants who want a self-contained office with dedicated private rooms, as well as businesses looking for a straightforward small-office setup. The site includes ample on-site parking and a privacy-fenced yard, adding practical value for tenant operations that benefit from outdoor space or added discretion. The property is offered for sale in “as is, where is” condition, with zoning, overlays, and intended use to be verified by the purchaser, and a Waiver of Redhibition to be executed as part of the transaction.
Key Highlights
- Freestanding office building with reception and waiting area, break room, half bath, and three private offices
- Bright interior with abundant natural light throughout the office space
- Ample on‑site parking for visitors and employees
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,920
$355.9K
Cap Rate 7%
$254,229
$254.2K
Cap Rate 9%
$197,733
$197.7K
Market Conditions
NOI Build-Up for 1,480 SF
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.
Gross rent
$29.7K $20.04/SF
− Vacancy
−$5.9K −$4.01/SF
EGI
$23.7K $16.03/SF
− OpEx
−$5.9K −$4.01/SF
NOI
$17.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,920
Cap Rate 7%
$254,229
Cap Rate 9%
$197,733
Alternative Uses
Best Use
Office B
$254.2K
$222.5K – $296.6K
NOI $17,796 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.6K
$303.3K – $404.4K
NOI $24,261 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
767
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
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 - Freestanding office building with reception, private offices, break room, and on-site parking plus a privacy-fenced yard.
Where is this office building located?
The property is located at 1513 Clearview Pkwy. Metairie, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Freestanding office building with reception and waiting area, break room, half bath, and three private offices; Bright interior with abundant natural light throughout the office space; Ample on‑site parking for visitors and employees
