Flex Space with Climate-Controlled
For Sale
$1,100,000
2713 ATHANIA Parkway, Metairie, LA 70002
A two-floor commercial property combines finished offices, controlled-temperature storage, workshop areas, and off-street parking.
Property Size4,512 SF
Days on Market8
Property Features for 2713 ATHANIA Parkway
General Information
Standard status
Active
Size
4,512 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
4,512 SF
Year Built
1960
Listing Agency:
Crescent Sotheby's International Realty
Listed By:
Amanda Mitternight
(504) 455-0100
Source:
Burkbrokerage
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 9:47PM
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 Crescent Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-floor flex property contains approximately 5,888 square feet of office and warehouse space. The first floor includes 1,147 square feet of offices with two private rooms, reception, two bathrooms, and a kitchenette, alongside a 1,241-square-foot climate-controlled warehouse with a roll-up door. Upstairs, two office suites measure 1,622 and 878 square feet. The larger suite has reception, three private offices, a conference room, an electrical room, a kitchenette, and two half bathrooms; the smaller suite has a separate entrance and reception area.
Additional improvements include warehouse space with an office, kitchenette, and bathroom, plus a large garage divided between car-shop and blacksmith-shop uses. The property was built in 1960 and includes off-street parking. Its mix of office, storage, and workshop areas supports a range of commercial configurations.
Additional improvements include warehouse space with an office, kitchenette, and bathroom, plus a large garage divided between car-shop and blacksmith-shop uses. The property was built in 1960 and includes off-street parking. Its mix of office, storage, and workshop areas supports a range of commercial configurations.
Key Highlights
- Approximately 5,888 square feet of office and warehouse space across two floors
- 1,241‑square‑foot climate‑controlled warehouse with roll‑up door
- First‑floor office area measures 1,147 square feet and includes two private offices and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,837
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,740
$1.3M
Cap Rate 7%
$940,529
$940.5K
Cap Rate 9%
$731,522
$731.5K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$82.8K $18.36/SF
− Vacancy
−$5.4K −$1.19/SF
EGI
$77.5K $17.17/SF
− OpEx
−$11.6K −$2.57/SF
NOI
$65.8K $14.59/SF
Area
Metairie, LA
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,740
Cap Rate 7%
$940,529
Cap Rate 9%
$731,522
Alternative Uses
Best Use
Warehouse
$940.5K
$823.0K – $1.10M
NOI $65,837 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$774.6K
$677.7K – $903.7K
NOI $54,219 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.06M
$924.5K – $1.23M
NOI $73,962 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,015
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A two-floor commercial property combines finished offices, controlled-temperature storage, workshop areas, and off-street parking.
Where is this flex space located?
The property is located at 2713 ATHANIA Parkway Metairie, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 5,888 square feet of office and warehouse space across two floors; 1,241‑square‑foot climate‑controlled warehouse with roll‑up door; First‑floor office area measures 1,147 square feet and includes two private offices and two bathrooms
