Restaurant Building with C2
For Sale
$3,250,000
2935 Airline Dr, Metairie, LA 70001
Recently constructed restaurant property with a layout that can support conversion to medical or office use.
Property Size7,007 SF
Price / SF$463.82
Days on Market212
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Property Features for 2935 Airline Dr
General Information
Standard status
Active
Size
7,007 SF
Total Parking Spaces
69
Property subtype
Retail
Zoning
C2
Amenities
Power
Water
Sewer
Natural Gas
69 Parking Spaces
Building Details
Year Built
2023
Listing Agency:
Talbot Realty Group
Listed By:
Robert Talbot · License #000006978
(504) 525-9763
Source:
Lacdb.resimplifi
Added: Mar 18
Changed: Oct 7
Last Checked: Oct 14 at 7:46PM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This 7,007-square-foot restaurant building was constructed in 2023 and is offered with C2 zoning. The property previously operated as a Tex-Mex restaurant, and the building can be adapted for medical or office use. The former restaurant configuration provides a foundation for continued food-service operations or a different commercial layout.
The property is located at 2935 Airline Dr in Metairie, near Labarre Road, Airline Drive, and the N. Causeway Overpass. Surrounding businesses include Rouses Supermarket, Dollar Tree, Planet Fitness, Smoothie Time, and Goodyear Auto Service. Traffic counts include 34,000 cars per day on Airline Drive, 46,076 cars per day on N. Causeway Blvd. north of Airline Dr., and 16,362 cars per day on N. Causeway Blvd. south of Airline Drive. Additional parking spaces are located under the Causeway Overpass.
The property is located at 2935 Airline Dr in Metairie, near Labarre Road, Airline Drive, and the N. Causeway Overpass. Surrounding businesses include Rouses Supermarket, Dollar Tree, Planet Fitness, Smoothie Time, and Goodyear Auto Service. Traffic counts include 34,000 cars per day on Airline Drive, 46,076 cars per day on N. Causeway Blvd. north of Airline Dr., and 16,362 cars per day on N. Causeway Blvd. south of Airline Drive. Additional parking spaces are located under the Causeway Overpass.
Key Highlights
- 7,007‑square‑foot restaurant building constructed in 2023
- C2 zoning
- Former Tex‑Mex restaurant with conversion potential for medical or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,919
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,058,380
$2.1M
Cap Rate 7%
$1,470,271
$1.5M
Cap Rate 9%
$1,143,544
$1.1M
Market Conditions
NOI Build-Up for 7,007 SF
Gross rent
$142.9K $20.40/SF
− Vacancy
−$5.7K −$0.82/SF
EGI
$137.2K $19.58/SF
− OpEx
−$34.3K −$4.90/SF
NOI
$102.9K $14.69/SF
Area
Metairie, LA
Vacancy
4.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,058,380
Cap Rate 7%
$1,470,271
Cap Rate 9%
$1,143,544
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,919 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,861 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 34%
Shops & Services 22%
Rouses Market
Groceries
52,204 visits/mo
0.3 miles
Chick-fil-A
Dining
31,554 visits/mo
0.4 miles
Dollar Tree
Shops & Services
26,172 visits/mo
0.1 miles
McDonald's
Dining
18,606 visits/mo
0.3 miles
Waffle House
Dining
9,321 visits/mo
0.4 miles
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recently constructed restaurant property with a layout that can support conversion to medical or office use.
Where is this conventional restaurant located?
The property is located at 2935 Airline Dr Metairie, LA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 7,007‑square‑foot restaurant building constructed in 2023; C2 zoning; Former Tex‑Mex restaurant with conversion potential for medical or office use
