Updated Six-Office
For Sale
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3005 Harvard Ave Unit 200, Metairie, LA 70006
Second-floor office suite with a waiting area, flexible workspace, kitchenette, and Cat6 wiring.
Property Size1,300 SF
Price / SF$1.54
Days on Market54
Property Features for 3005 Harvard Ave Unit 200
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
21
Site & Location
Neighborhood
Willowdate & Green Acres
Utilities to Site
Yes
Additional Details
Floor
2
HOA Fee
$100
Office Units
1
Amenities
Cat6 Internet wiring
kitchenette
Building Details
Year Built
1980
Listing Agency:
Forte Realty, LLC
Listed By:
Blaine Tatje · License #995712484
(504) 293-2460
Source:
Dominionplace
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 7 at 5:25PM
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 Forte Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,300-square-foot office unit occupies the second floor and includes six private offices, a generous reception and waiting area, flexible workspace, and a kitchenette. Cat6 internet wiring runs throughout the suite, supporting contemporary office operations. The space is described as updated and includes water service.
Located at 3005 Harvard Ave Unit 200 in Metairie, the property is two blocks from Clearview and two blocks from Veterans. The office unit includes 21 parking spaces. The building was constructed in 1980.
Located at 3005 Harvard Ave Unit 200 in Metairie, the property is two blocks from Clearview and two blocks from Veterans. The office unit includes 21 parking spaces. The building was constructed in 1980.
Key Highlights
- 1,300‑square‑foot second‑floor office unit
- Six private offices plus waiting and flexible workspace
- Kitchenette and Cat6 internet wiring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,631
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,620
$312.6K
Cap Rate 7%
$223,300
$223.3K
Cap Rate 9%
$173,678
$173.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$26.1K $20.04/SF
− Vacancy
−$5.2K −$4.01/SF
EGI
$20.8K $16.03/SF
− OpEx
−$5.2K −$4.01/SF
NOI
$15.6K $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%
$312,620
Cap Rate 7%
$223,300
Cap Rate 9%
$173,678
Alternative Uses
Best Use
Office B
$223.3K
$195.4K – $260.5K
NOI $15,631 @ 7.0% cap · market cap 781.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.2K
NOI $21,310 @ 7.0% cap · market cap 1,065.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 70006, LA
16,540
Population
6,645
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
6,362
Density / Sq Mi
$74,049
Median Household Income
$42,120
Median Earnings
$1,206
Median Rent
$333,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with a waiting area, flexible workspace, kitchenette, and Cat6 wiring.
Where is this office unit located?
The property is located at 3005 Harvard Ave Unit 200 Metairie, LA.
What are key features of this property?
This property features: 1,300‑square‑foot second‑floor office unit; Six private offices plus waiting and flexible workspace; Kitchenette and Cat6 internet wiring throughout
