Ground-Floor Office
2901 Ridgelake Drive, Metairie, LA 70002
For Sale
New
$169,900
Commercial Sale, Metairie, LA
Property Size1,033 SF
Lot Size0.03 Acres
Price / SF$164.47
Days on Market3
Property Features for 2901 Ridgelake Drive
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
atrium entrance
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Albert E Sidhom · License LA #995690524
(504) 319-7428
Added: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 200URQ
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suite 104 is a 1,033-square-foot, ground-floor office condominium with three private offices, each with a closet and ceiling fan. The layout also includes a waiting room, private restroom, kitchenette with quartz countertops, and storage. Vinyl and tile flooring, central HVAC, and a parking lot are among the property’s features. Built in 1982, the building has brick construction and a flat roof; the suite is zoned C.
The property is on Ridgelake Drive in Metairie, near the Veterans Memorial Boulevard and Causeway Boulevard corridor. I-10, Lakeside Shopping Center, Trader Joe’s, and dining and retail businesses are within walking distance or accessible from the area.
The property is on Ridgelake Drive in Metairie, near the Veterans Memorial Boulevard and Causeway Boulevard corridor. I-10, Lakeside Shopping Center, Trader Joe’s, and dining and retail businesses are within walking distance or accessible from the area.
Key Highlights
- 1,033 square feet in a ground‑floor office condominium
- Three private offices, each with a closet and ceiling fan
- Waiting room, private restroom, kitchenette with quartz countertops, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,421
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,420
$248.4K
Cap Rate 7%
$177,443
$177.4K
Cap Rate 9%
$138,011
$138.0K
Market Conditions
NOI Build-Up for 1,033 SF
Gross rent
$20.7K $20.04/SF
− Vacancy
−$4.1K −$4.01/SF
EGI
$16.6K $16.03/SF
− OpEx
−$4.1K −$4.01/SF
NOI
$12.4K $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%
$248,420
Cap Rate 7%
$177,443
Cap Rate 9%
$138,011
Alternative Uses
Best Use
Office B
$177.4K
$155.3K – $207.0K
NOI $12,421 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.9K
$211.7K – $282.2K
NOI $16,933 @ 7.0% cap · market cap 9.97%
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
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Current Use
Lease Details
1
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
$379,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Metairie, LA
Properties on Market for Office Units in Metairie
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A three-office layout includes a waiting area, private restroom, kitchenette, and individual office closets.
Where is this office unit located?
The property is located at 2901 Ridgelake Drive Metairie, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,033 square feet in a ground‑floor office condominium; Three private offices, each with a closet and ceiling fan; Waiting room, private restroom, kitchenette with quartz countertops, and storage
