Two-Tenant Retail
For Sale
$1,150,000
2200 DAVID Drive, Metairie, LA 70003
Commercial Sale, Metairie, LA
Property Size2,830 SF
Lot Size0.34 Acres
Price / SF$406.36
Days on Market31
Property Features for 2200 DAVID Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TCMU
Parking
3
Parking features
Parking Lot
Standard status
Active
APN
8
Size
2,830 SF
Lot size
0.34 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Description
Lot 11-A, Square 5
Legal Description
Lot 11-A, Square 5
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Building materials
Brick
Buildings
1
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Monica H Iacono · License #995684667
(504) 251-8647
Added: Sep 23
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 2578571
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,830-square-foot, single-story retail building is arranged as two suites on a 0.34-acre parcel. The coffee shop space measures approximately 1,509 square feet and has a customer area, service counter, two restrooms, and a rear office and preparation area. The approximately 1,321-square-foot salon suite includes a hair-wash station, restroom, storage, office or break area, and laundry facilities. Both businesses have occupied their respective spaces since 2008.
At the corner of David Drive and West Napoleon Avenue, the site has approximately 107 feet of frontage on David Drive and approximately 112 feet along West Napoleon Avenue. The property is zoned TCMU and includes a parking lot, brick construction, public water and sewer, and natural gas availability.
At the corner of David Drive and West Napoleon Avenue, the site has approximately 107 feet of frontage on David Drive and approximately 112 feet along West Napoleon Avenue. The property is zoned TCMU and includes a parking lot, brick construction, public water and sewer, and natural gas availability.
Key Highlights
- Two retail suites occupy a 2,830‑square‑foot building on a 0.34‑acre site
- Coffee shop suite: approximately 1,509 square feet, two restrooms, service counter, and rear office/preparation area
- Salon suite: approximately 1,321 square feet with wash station, laundry, storage, and office/break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,567
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,340
$831.3K
Cap Rate 7%
$593,814
$593.8K
Cap Rate 9%
$461,856
$461.9K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$57.7K $20.40/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$55.4K $19.58/SF
− OpEx
−$13.9K −$4.90/SF
NOI
$41.6K $14.69/SF
Area
Metairie, LA
Vacancy
4.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,340
Cap Rate 7%
$593,814
Cap Rate 9%
$461,856
Alternative Uses
Best Use
Specialty Retail
$593.8K
$519.6K – $692.8K
NOI $41,567 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$662.7K
$579.9K – $773.2K
NOI $46,390 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Electronics 14%
PJ's Coffee of New Orleans
Dining
5,210 visits/mo
0.1 miles
SUBWAY
Dining
4,904 visits/mo
0.1 miles
Domino's Pizza
Dining
2,930 visits/mo
0.1 miles
Papa John's Pizza
Dining
2,685 visits/mo
0.3 miles
Pizza Hut
Dining
1,902 visits/mo
0.1 miles
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A coffee shop and hair salon occupy separate suites with distinct customer and back-of-house areas.
Where is this retail space located?
The property is located at 2200 DAVID Drive Metairie, LA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two retail suites occupy a 2,830‑square‑foot building on a 0.34‑acre site; Coffee shop suite: approximately 1,509 square feet, two restrooms, service counter, and rear office/preparation area; Salon suite: approximately 1,321 square feet with wash station, laundry, storage, and office/break area
