2305 N Hullen St, Metairie, LA 70001
An 11-unit office property offers combined suites and off-street parking in a business core district setting.
- Added:
- May 15, 2026
- Days on Market:
- 41
- Last Refresh:
- Jun 22 at 2:14 am
Property Features for 2305 N Hullen St
General Information
- Standard status
- Active
- Size
- 6,228 SF
Listing agent Maureen Matthews License #000008926 (504) 610-6522
Listing office Homesmart Realty South (504) 610-6522
Listing date May 15, 2026
Source Exprealty
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HighLights
- 11‑unit office/investment property with several suites currently combined
- Zoned BC‑2, Business Core District
- Approximately 6,228 SF of improvements post Ida
- Lot size approximately 8,150 SF
- Supplemental off‑street parking available
- Area supports high‑density development with office, retail, and service uses
Overview
The property is located in an area described as having high density and intensity development along principal thoroughfares. It is zoned BC-2, Business Core District. The surrounding mix is described as office, retail, and service uses.
For tenants and buyers, the multi-unit setup and combined suites can support a range of office occupancy needs, from smaller teams to larger groups that benefit from consolidated space. Off-street parking is provided on the property, and the BC-2 zoning supports continued commercial use within an established office and retail/service environment.
Local Financial Insights For Retail
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 | $117.3k | $18.84 |
| − Vacancy | −$5.9k | −$0.94 |
| EGI | $111.5k | $17.90 |
| − OpEx | −$33.4k | −$5.37 |
| NOI | $78.0k | $12.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1580998
- Latitude
- 29.994391
