Flexible-Layout Office
For Sale
$1,300,000
3017 Lime St, Metairie, LA 70006
Office property with BC2 zoning and access to Veterans Boulevard, Causeway Boulevard, and I-10.
Property Size5,300 SF
Price / SF$245.28
Days on Market159
Property Features for 3017 Lime St
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Office
Zoning
BC2
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRSA Commercial Real Estate
Listed By:
Michael Corrigan
(504) 908-2317
Source:
Lacdb.resimplifi
Added: May 11
Changed: Oct 2
Last Checked: Oct 16 at 5:53AM
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 SRSA Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 3017 Lime Street is a 5,300-square-foot office building with a flexible interior layout and BC2 zoning. Its configuration supports a range of office-oriented commercial uses, with the physical characteristics suited to both occupancy and future adaptation.
Access is provided through nearby Veterans Boulevard, Causeway Boulevard, and I-10. The property is positioned near retail, restaurants, professional services, and residential neighborhoods, with connectivity to Downtown New Orleans, the airport, and other Jefferson Parish markets.
The surrounding context combines established commercial services with nearby residential areas. The address is 3017 Lime St, Metairie, LA 70006.
Access is provided through nearby Veterans Boulevard, Causeway Boulevard, and I-10. The property is positioned near retail, restaurants, professional services, and residential neighborhoods, with connectivity to Downtown New Orleans, the airport, and other Jefferson Parish markets.
The surrounding context combines established commercial services with nearby residential areas. The address is 3017 Lime St, Metairie, LA 70006.
Key Highlights
- 5,300‑square‑foot office building at 3017 Lime St, Metairie, LA 70006
- BC2 zoning
- Flexible interior layout for office‑oriented commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,727
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,540
$1.3M
Cap Rate 7%
$910,386
$910.4K
Cap Rate 9%
$708,078
$708.1K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$106.2K $20.04/SF
− Vacancy
−$21.2K −$4.01/SF
EGI
$85.0K $16.03/SF
− OpEx
−$21.2K −$4.01/SF
NOI
$63.7K $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%
$1,274,540
Cap Rate 7%
$910,386
Cap Rate 9%
$708,078
Alternative Uses
Best Use
Office B
$910.4K
$796.6K – $1.06M
NOI $63,727 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,879 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with BC2 zoning and access to Veterans Boulevard, Causeway Boulevard, and I-10.
Where is this office building located?
The property is located at 3017 Lime St Metairie, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,300‑square‑foot office building at 3017 Lime St, Metairie, LA 70006; BC2 zoning; Flexible interior layout for office‑oriented commercial use
