Office Condominium
For Sale
$485,000
301-2901 N Causeway Blvd, Metairie, LA 70001
Two office condominium suites offer open flexible layouts, private offices, conference rooms, and abundant covered parking.
Property Size2,080 SF
Price / SF$233.17
Days on Market280
Property Features for 301-2901 N Causeway Blvd
General Information
Standard status
Active
Size
2,080 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
covered parking
conference rooms
Listing Agency:
Stirling Properties
(504) 200-5731
Listed By:
Thomas Bryan · License #995691083
(804) 513-9309
Source:
Exprealty
Added: Dec 2, 2025
Changed: Aug 31
Last Checked: Sep 8 at 11:51AM
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 Stirling Properties
Investment Insights
Based on property information with market context.
Two office condominium suites are offered for lease or purchase at 2901 N. Causeway Boulevard in Metairie, Louisiana. The building includes abundant covered parking, and each suite benefits from excellent natural light. Interiors are designed with an open, flexible floor plan supported by private offices and conference rooms, creating space that can work well for team collaboration or client meetings.
The property is positioned by the intersection of N. Causeway and Veterans Boulevards and provides convenient access to Interstate 10. It is located near Lakeside Shopping Center, with Trader Joe’s and other retail and dining amenities within walking distance.
These suites are configured for an owner-occupant or a tenant looking for a high-quality office environment in a central Metairie setting.
The property is positioned by the intersection of N. Causeway and Veterans Boulevards and provides convenient access to Interstate 10. It is located near Lakeside Shopping Center, with Trader Joe’s and other retail and dining amenities within walking distance.
These suites are configured for an owner-occupant or a tenant looking for a high-quality office environment in a central Metairie setting.
Key Highlights
- Two office condominium suites available for lease or purchase at 2901 N. Causeway Boulevard, Metairie, LA
- Open, flexible floor plan with private offices and conference rooms in each suite
- Abundant covered parking provided in the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 2,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $25,010 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.1K
$426.2K – $568.3K
NOI $34,096 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two office condominium suites offer open flexible layouts, private offices, conference rooms, and abundant covered parking.
Where is this office units located?
The property is located at 301-2901 N Causeway Blvd Metairie, LA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two office condominium suites available for lease or purchase at 2901 N. Causeway Boulevard, Metairie, LA; Open, flexible floor plan with private offices and conference rooms in each suite; Abundant covered parking provided in the building
