Furnished Two-Story Office
3020 20th St, Metairie, LA 70002
For Sale
$1,075,000
Renovated interior includes a training room, conference room, private offices, reception area, and small warehouse.
Property Size7,160 SF
Price / SF$150.14
Days on Market695
Property Features for 3020 20th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Space & Availability
Condition
Furnished
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Amenities
training room
conference room
reception area
Water
Sewer
12 Parking Spaces
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Corporate Realty - Main Office
Listed By:
Walker Davis · License LA #995709025
(504) 722-7262
Source:
Lacdb.resimplifi
Added: Dec 16, 2024
Changed: Nov 9
Last Checked: Nov 8 at 2:18AM
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 Corporate Realty - Main Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished, two-story office building offers approximately 6,600 square feet of office space alongside a small warehouse with high ceilings. The layout includes a large training room, a conference room, offices, and a reception area. The building was constructed in 1970 and has been recently renovated. Furniture may be available for purchase, and the property is offered for sale or lease.
Off-street parking accommodates 10–12 vehicles. The property is 1.5 blocks from North Causeway Boulevard, four blocks from Veterans Memorial Boulevard, and approximately half a mile from I-10. Zoning is GO1.
Off-street parking accommodates 10–12 vehicles. The property is 1.5 blocks from North Causeway Boulevard, four blocks from Veterans Memorial Boulevard, and approximately half a mile from I-10. Zoning is GO1.
Key Highlights
- Approximately 6,600 SF of office space plus a small warehouse with high ceilings
- Two‑story building, constructed in 1970 and recently renovated
- Training room, conference room, offices, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,994
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,880
$1.7M
Cap Rate 7%
$1,242,771
$1.2M
Cap Rate 9%
$966,600
$966.6K
Market Conditions
NOI Build-Up for 7,160 SF
Gross rent
$154.7K $21.60/SF
− Vacancy
−$15.5K −$2.16/SF
EGI
$139.2K $19.44/SF
− OpEx
−$52.2K −$7.29/SF
NOI
$87.0K $12.15/SF
Area
Metairie, LA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,880
Cap Rate 7%
$1,242,771
Cap Rate 9%
$966,600
Alternative Uses
Best Use
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $86,994 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$1.23M
$1.08M – $1.43M
NOI $86,092 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,369 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,474
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
$379,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Jefferson County, LA
Properties on Market for Office buildings in Jefferson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Renovated interior includes a training room, conference room, private offices, reception area, and small warehouse.
Where is this office building located?
The property is located at 3020 20th St Metairie, LA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Approximately 6,600 SF of office space plus a small warehouse with high ceilings; Two‑story building, constructed in 1970 and recently renovated; Training room, conference room, offices, and reception area
