Building Details

Building Size 2,080 SF

Year Built 1984

Stories 2

Listing Agency: Cypress Key Realty LLC

Listed By: Christopher Romero Show Phone

Source: Cypresskeyrealty

Added: Nov 10, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:27PM

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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 Cypress Key Realty LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Two office condominiums at 2901 N. Causeway Boulevard offer a combined 2,080 SF of office space. The building dates to 1984, and the units have open layouts, private offices, conference rooms, and natural light. Zoning is BC2.

The property is near the intersection of N. Causeway and Veterans Boulevards, with access to Interstate 10. Lakeside Shopping Center is nearby, while Trader Joe’s and other retail and dining options are within walking distance. Covered parking is available at the building.

Key Highlights

• Two office condominiums totaling 2,080 SF
• Open layouts with private offices and conference rooms
• Natural light in both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,010

Cap Rate

5.27%

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $34,096 @ 7.0% cap · market cap 7.18%

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

Adam Levanway: Allstate ... Insurance Agency Demand Benefits Insurance Agency Prudential Insurance Co Insurance Agency William E Brierre ... Law Firm Christopher R Schwartz ... Law Firm

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Private offices and conference rooms complement an open-plan workspace.

Where is this office unit located?

The property is located at 2901 N Causeway Boulevard #201 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 totaling 2,080 SF; Open layouts with private offices and conference rooms; Natural light in both units