Building Details

Building Size 5,540 SF

Year Built 2000

Buildings 2

Listing Agency: TAG Realty LLC

Listed By: Katheryn Best · License #995710089 Show Phone

Source: Burkbrokerage

Added: Oct 8 Changed: Oct 11 Last Checked: Oct 13 at 3:50AM

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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 TAG Realty LLC

Investment Insights

Based on property information with market context.

This office property comprises two multi-story buildings on one parcel. The primary building contains 3,993 square feet across three floors, and the second offers approximately 1,549 square feet on two floors. Interior spaces include private offices, open work areas, reception and common areas, restrooms, storage, and support areas. The property was built in 2000.

In Metairie, the site is near Veterans Memorial Boulevard and Causeway Boulevard, with access to both corridors and I-10. Nearby commercial services include retail, restaurants, banks, and professional businesses. BC-2 Business Core District zoning allows a range of commercial uses subject to Jefferson Parish requirements.

Key Highlights

• Two office buildings on a single parcel
• Primary building: 3,993 SF across three floors
• Second building: approximately 1,549 SF across two floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,613

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,332,260 $1.3M

Cap Rate 7%

$951,614 $951.6K

Cap Rate 9%

$740,144 $740.1K

Market Conditions

NOI Build-Up for 5,540 SF

Gross rent

$111.0K $20.04/SF

− Vacancy

−$22.2K −$4.01/SF

EGI

$88.8K $16.03/SF

− OpEx

−$22.2K −$4.01/SF

NOI

$66.6K $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%

$1,332,260

Cap Rate 7%

$951,614

Cap Rate 9%

$740,144

Alternative Uses

Best Use

Office B

$951.6K

$832.7K – $1.11M (±1% cap)

NOI $66,613 @ 7.0% cap · market cap 5.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,813 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Scalp Clinique Micro Hair Salon March of Dimes Charitable Organization Beso Beauty, LLC Vocational School Beso Makeup Medical Clinic

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Catering Service Florist Food Market

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

2,949

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - BC-2 zoning allows a range of commercial uses, subject to Jefferson Parish requirements.

Where is this office building located?

The property is located at 3000 26TH Street Metairie, LA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Two office buildings on a single parcel; Primary building: 3,993 SF across three floors; Second building: approximately 1,549 SF across two floors