Building Details

Year built 1974

Floors in Building 1

Listing Agency: Prime Real Estate Partners, LLC · Prudential Real Estate j**@joypatin.com Show Phone

Listed By: Wendy Touchard Show Phone

Added: Aug 21 Changed: Sep 21 Last Checked: Oct 10 at 9:06PM

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MLS# 2568256

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 1,212-square-foot office unit sits on a 0.1377-acre parcel and was built in 1974. The interior includes a reception area, room for a conference area, 3–4 private offices, and one restroom. An enclosed carport is part of the existing improvements and may be reopened to connect with the backyard, where additional parking could be accommodated.

The property is located at 2628 Athania Parkway in Metairie, with access to N. Causeway Boulevard, Veterans Memorial Boulevard, and I-10. It carries BC-2 zoning and receives public water service. A new roof was installed on 10/17/2022.

Key Highlights

• 1,212 SF office unit on a 0.1377‑acre parcel
• BC‑2 zoning with public water service
• Reception area plus 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 (±1% cap)

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 (±1% cap)

NOI $19,867 @ 7.0% cap · market cap 7.22%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Acadian Veterinary hospital Veterinary Clinic Acadian Veterinary Clinic Veterinary Clinic

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway 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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - BC-2-zoned office space with reception, conference-area capacity, private offices, and an enclosed carport.

Where is this office units located?

The property is located at 2628 ATHANIA Parkway 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 SF office unit on a 0.1377‑acre parcel; BC‑2 zoning with public water service; Reception area plus space for a conference area