Stand-Alone Office
For Sale
$485,000
2808 Hessmer Ave, Metairie, LA 70002
Efficient professional layout with private offices, conference space, on-site parking, and updated building systems.
Property Size2,052 SF
Price / SF$236.35
Days on Market125
Property Features for 2808 Hessmer Ave
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
12
Property subtype
Office
Zoning
BC2
Additional Details
Highway Access
Yes
Amenities
conference room
reception area
kitchen
phone system
security system
Power
Water
Natural Gas
12 Parking Spaces
Building Details
Construction
brick front and vinyl siding
Listing Agency:
Rampart Commercial Management
Listed By:
Trisha Skinner
(504) 483-7028
Source:
Lacdb.resimplifi
Added: Jun 16
Changed: Oct 16
Last Checked: Oct 16 at 5:54AM
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 Rampart Commercial Management
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Investment Insights
Based on property information with market context.
This stand-alone office property contains 2,052 SF arranged with private offices, a conference room, reception area, kitchen, and shared work areas. The kitchen includes a microwave and refrigerator, while the building also has an executive phone system, surveillance equipment, alarm components, and security lighting serving the parking area. Recent improvements include an updated roof and HVAC system. Brick at the front and vinyl siding complete the exterior, with pavers along both sides of the building.
Located at 2808 Hessmer Ave in Metairie, the property offers access to Veterans Boulevard, Causeway Boulevard, and I-10. Twelve on-site parking spaces support employee and visitor access. The property is zoned BC2 and is positioned within an established business corridor.
Located at 2808 Hessmer Ave in Metairie, the property offers access to Veterans Boulevard, Causeway Boulevard, and I-10. Twelve on-site parking spaces support employee and visitor access. The property is zoned BC2 and is positioned within an established business corridor.
Key Highlights
- 2,052 SF stand‑alone office building at 2808 Hessmer Ave
- Private offices, conference room, reception area, kitchen, and common work areas
- Updated roof and HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,673
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,460
$493.5K
Cap Rate 7%
$352,471
$352.5K
Cap Rate 9%
$274,144
$274.1K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$41.1K $20.04/SF
− Vacancy
−$8.2K −$4.01/SF
EGI
$32.9K $16.03/SF
− OpEx
−$8.2K −$4.01/SF
NOI
$24.7K $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%
$493,460
Cap Rate 7%
$352,471
Cap Rate 9%
$274,144
Alternative Uses
Best Use
Office B
$352.5K
$308.4K – $411.2K
NOI $24,673 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.5K
$420.5K – $560.6K
NOI $33,637 @ 7.0% cap · market cap 6.94%
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
Location Intelligence
Trade Area within ½ mile
2,828
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 - Efficient professional layout with private offices, conference space, on-site parking, and updated building systems.
Where is this office building located?
The property is located at 2808 Hessmer Ave Metairie, LA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,052 SF stand‑alone office building at 2808 Hessmer Ave; Private offices, conference room, reception area, kitchen, and common work areas; Updated roof and HVAC system
