Multi-Unit Office
2305 N HULLEN Street Metairie, LA 70001
For Sale
$895,000
COMMERCIAL - Metairie, LA
Property Size6,228 SF
Lot Size0.19 Acres
Price / SF$143.71
Days on Market91
Property Features for 2305 N HULLEN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- BC2
- Parking features
- Off Street
- Standard status
- Active
- APN
- 820031275
- Size
- 6,228 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Lots 229 & 230 Athania Pl Annex
Utilities
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Maureen Matthews · License #000008926
(504) 908-5037
Added: Apr 27
Changed: May 15
Last Checked: Jul 26 at 4:06PM
MLS# 2558291
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an 11-unit office investment property with several units currently combined. The improvements are approximately 6,228 square feet, with updates described as post-Ida. The site includes a lot of approximately 8,150 square feet and provides supplemental off-street parking.
The property is located at 2305 N Hullen Street in Metairie, Louisiana. It is zoned BC2 (Business Core District) and positioned in an area characterized by high density and intensity development along principal thoroughfares, with office, retail, and service uses in the surrounding areas.
The property is located at 2305 N Hullen Street in Metairie, Louisiana. It is zoned BC2 (Business Core District) and positioned in an area characterized by high density and intensity development along principal thoroughfares, with office, retail, and service uses in the surrounding areas.
Key Highlights
- 11‑unit office/investment property built in 1983
- Approximately 6,228 SF of improvements post Ida
- Zoned BC‑2, Business Core District
Financial Insights For Office B
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 | $124.8k | $20.04 |
| − Vacancy | −$25.0k | −$4.01 |
| EGI | $99.8k | $16.03 |
| − OpEx | −$25.0k | −$4.01 |
| NOI | $74.9k | $12.02 |
6,228 SF · lease $20.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.07M
$936.1K – $1.25M
NOI $74,885 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,091 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Art Launch Nola
Vocational School
Studio Wildflower Hair ...
Hair Salon
Solace Château
Psychotherapist
Remarkable Landscaping
Landscaping
Drewpeutic Massage Therapy ...
Alternative Medicine Practice
FAQs
What type of property is this?
Office units - 11-unit office investment property with post–Ida improvements and supplemental off-street parking.
Where is this office units located?
The property is located at 2305 N HULLEN Street Metairie, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 11‑unit office/investment property built in 1983; Approximately 6,228 SF of improvements post Ida; Zoned BC‑2, Business Core District
