Covered Parking Office
For Sale
$475,000
2901 CAUSEWAY Boulevard, Metairie, LA 70002
Two office condominiums with open, flexible layouts, private offices, conference rooms, and abundant covered parking.
Property Size2,080 SF
Price / SF$228.37
Days on Market295
Property Features for 2901 CAUSEWAY Boulevard
General Information
Standard status
Active
Size
2,080 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
3
0.47
Building Details
Year Built
1984
Stories
2
Listing Agency:
(804) 513-9309
Listed By:
Stirling Properties
(804) 513-9309
Source:
Xome
Added: Nov 1, 2025
Changed: Aug 12
Last Checked: Aug 21 at 3:55AM
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 Stirling Properties
Investment Insights
Based on property information with market context.
Two office condominiums at 2901 N. Causeway Boulevard are available for lease or purchase. Both suites are designed for flexible use, featuring open floor plans with private offices and conference rooms, and they receive excellent natural light.
The property is positioned by the intersection of N. Causeway and Veterans Boulevards, with convenient access to Interstate 10. It sits near Lakeside Shopping Center, and the remarks note it is within walking distance of Trader Joe’s and other retail and dining amenities.
The building offers abundant covered parking, supporting an easy, client-friendly arrival. These suites are presented as a fit for an owner-occupant or a tenant seeking a high-quality office environment in Metairie.
The property is positioned by the intersection of N. Causeway and Veterans Boulevards, with convenient access to Interstate 10. It sits near Lakeside Shopping Center, and the remarks note it is within walking distance of Trader Joe’s and other retail and dining amenities.
The building offers abundant covered parking, supporting an easy, client-friendly arrival. These suites are presented as a fit for an owner-occupant or a tenant seeking a high-quality office environment in Metairie.
Key Highlights
- Two office condominiums at 2901 N. Causeway Boulevard, Metairie, LA (Year built: 1984).
- Zoned BC2 and offered for lease or purchase.
- Abundant covered parking with parking provided for the units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 2,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.7K $20.04/SF
− Vacancy
−$8.3K −$4.01/SF
EGI
$33.3K $16.03/SF
− OpEx
−$8.3K −$4.01/SF
NOI
$25.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,200
Cap Rate 7%
$357,286
Cap Rate 9%
$277,889
Alternative Uses
Best Use
Office B
$357.3K
$312.6K – $416.8K
NOI $25,010 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.1K
$426.2K – $568.3K
NOI $34,096 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,410
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two office condominiums with open, flexible layouts, private offices, conference rooms, and abundant covered parking.
Where is this office units located?
The property is located at 2901 CAUSEWAY Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two office condominiums at 2901 N. Causeway Boulevard, Metairie, LA (Year built: 1984).; Zoned BC2 and offered for lease or purchase.; Abundant covered parking with parking provided for the units.
