Office Condominium with Covered
For Sale
$485,000
2901 N Causeway Boulevard Unit 301, Metairie, LA 70002
Flexible office condominium with private offices, conference rooms, natural light, and covered parking.
Property Size2,080 SF
Price / SF$233.17
Days on Market47
Property Features for 2901 N Causeway Boulevard Unit 301
General Information
Standard status
Active
Size
2,080 SF
Site & Location
Neighborhood
Metairie Business District
Highway Access
Yes
Additional Details
Office Units
2
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Stirling Properties
Listed By:
Thomas Bryan · License #995691083
(804) 513-9309
Source:
Dominionplace
Added: Sep 9
Changed: Oct 10
Last Checked: Oct 7 at 2:10PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium at 2901 N. Causeway Boulevard, Unit 301, offers 2,080 square feet with an open, adaptable layout, private offices, and conference rooms. Abundant natural light supports a comfortable professional setting, while covered parking serves the building. Constructed in 1984, the property is suited to an owner-occupant or tenant seeking office space in a prominent commercial setting.
The property is positioned near the intersection of N. Causeway Boulevard and Veterans Boulevard, with access to Interstate 10. Lakeside Shopping Center is nearby, and Trader Joe’s along with additional retail and dining options are within walking distance. The offering includes two office condominiums for lease or purchase, with Unit 301 identified at the listed address.
The property is positioned near the intersection of N. Causeway Boulevard and Veterans Boulevard, with access to Interstate 10. Lakeside Shopping Center is nearby, and Trader Joe’s along with additional retail and dining options are within walking distance. The offering includes two office condominiums for lease or purchase, with Unit 301 identified at the listed address.
Key Highlights
- 2,080‑square‑foot office condominium at 2901 N. Causeway Boulevard, Unit 301
- Open floor plan with private offices and conference rooms
- Abundant natural light throughout the office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,010
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
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
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 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 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.1K
$426.2K – $568.3K
NOI $34,096 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office condominium with private offices, conference rooms, natural light, and covered parking.
Where is this office unit located?
The property is located at 2901 N Causeway Boulevard Unit 301 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: 2,080‑square‑foot office condominium at 2901 N. Causeway Boulevard, Unit 301; Open floor plan with private offices and conference rooms; Abundant natural light throughout the office space
