Office Building with Enclosed
For Sale
$275,000
2628 Athania Pkwy, Metairie, LA 70002
BC-2-zoned office property with a reception area, private offices, restroom, and adaptable covered parking area.
Property Size1,212 SF
Price / SF$226.90
Days on Market54
Property Features for 2628 Athania Pkwy
General Information
Standard status
Active
Size
1,212 SF
Zoning
BC-2
Property Condition
Severity
Repairs Needed
Evidence
update and customize the space
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1974
Year Renovated
2022
Listing Agency:
Prime Real Estate Partners, LLC
Listed By:
Wendy Touchard
(504) 909-7069
Source:
Fiorellaavenue
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 7 at 1:47PM
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 Prime Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
This 1,212-square-foot office property at 2628 Athania Pkwy includes a reception area, room for a conference area, 3–4 private offices, and one restroom. An enclosed carport provides covered vehicle space and may be reopened for backyard access and additional parking. The roof was replaced on 10/17/2022, while the interior offers a straightforward base for updates and customization.
The property is positioned on Athania Parkway with access to N. Causeway Blvd., Veterans Memorial Blvd., and I-10. BC-2 zoning supports its office classification and provides a clear framework for evaluating future improvements to the existing building. The combination of defined office rooms, a reception area, covered parking, and a recently replaced roof creates a practical configuration for an owner-user or office-focused commercial use.
The property is positioned on Athania Parkway with access to N. Causeway Blvd., Veterans Memorial Blvd., and I-10. BC-2 zoning supports its office classification and provides a clear framework for evaluating future improvements to the existing building. The combination of defined office rooms, a reception area, covered parking, and a recently replaced roof creates a practical configuration for an owner-user or office-focused commercial use.
Key Highlights
- 1,212‑square‑foot office property at 2628 Athania Pkwy
- BC‑2 zoning
- Reception area with space for a conference area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,573
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,460
$291.5K
Cap Rate 7%
$208,186
$208.2K
Cap Rate 9%
$161,922
$161.9K
Market Conditions
NOI Build-Up for 1,212 SF
Gross rent
$24.3K $20.04/SF
− Vacancy
−$4.9K −$4.01/SF
EGI
$19.4K $16.03/SF
− OpEx
−$4.9K −$4.01/SF
NOI
$14.6K $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 Rate 5%
$291,460
Cap Rate 7%
$208,186
Cap Rate 9%
$161,922
Alternative Uses
Best Use
Office B
$208.2K
$182.2K – $242.9K
NOI $14,573 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 70002, LA
19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
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
Frequently Asked Questions
What type of property is this?
Office building - BC-2-zoned office property with a reception area, private offices, restroom, and adaptable covered parking area.
Where is this office building located?
The property is located at 2628 Athania Pkwy Metairie, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,212‑square‑foot office property at 2628 Athania Pkwy; BC‑2 zoning; Reception area with space for a conference area
