Four-Suite Office
For Sale
$1,950,000
2628 METAIRIE LAWN Drive, Metairie, LA 70002
Commercial Sale, Metairie, LA
Property Size11,500 SF
Price / SF$169.57
Days on Market24
Property Features for 2628 METAIRIE LAWN Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Parking features
Off Street
Standard status
Active
APN
0820010366
Size
11,500 SF
Additional Details
Tenant in Place
Yes
Property Use
Office
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Building materials
Brick
Buildings
1
Listing Agency:
RE/MAX Professional · RE/MAX International
(225) 615-7755
Listed By:
Kent Larrimer · License #000028190
(504) 621-7549
Added: Sep 30
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2579561
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,500-square-foot office building was constructed in 1980 and is built of brick. Its interior is arranged as four office sections, with a shared central area and open staircase. The upstairs left section has smaller individual offices.
The property includes 53 off-street parking spaces and is zoned Com. Public water and public sewer serve the site.
The property includes 53 off-street parking spaces and is zoned Com. Public water and public sewer serve the site.
Key Highlights
- 11,500‑square‑foot office building constructed in 1980
- Interior divided into four office sections with a central common area and open staircase
- 53 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,276
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,765,520
$2.8M
Cap Rate 7%
$1,975,371
$2.0M
Cap Rate 9%
$1,536,400
$1.5M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$230.5K $20.04/SF
− Vacancy
−$46.1K −$4.01/SF
EGI
$184.4K $16.03/SF
− OpEx
−$46.1K −$4.01/SF
NOI
$138.3K $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%
$2,765,520
Cap Rate 7%
$1,975,371
Cap Rate 9%
$1,536,400
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.30M
NOI $138,276 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,511 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
2,795
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 - A central common area and open staircase connect the building’s four office sections.
Where is this office building located?
The property is located at 2628 METAIRIE LAWN Drive Metairie, LA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 11,500‑square‑foot office building constructed in 1980; Interior divided into four office sections with a central common area and open staircase; 53 off‑street parking spaces
