Office Units with Parkway
For Sale
$225,000
304 Clearview Pkwy, Metairie, LA 70001
Office-oriented commercial property with prominent corridor exposure and access to major regional routes.
Property Size1,123 SF
Price / SF$200.36
Days on Market98
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Property Features for 304 Clearview Pkwy
General Information
Standard status
Active
Size
1,123 SF
Building Details
Year Built
1950
Listing Agency:
The Agency of M. Grass Group, LLC
Listed By:
Matthew Grass · License #995696831
(504) 644-4127
Source:
Dominionplace
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 7 at 3:27PM
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 The Agency of M. Grass Group, LLC
Investment Insights
Based on property information with market context.
This office-oriented commercial property at 304 Clearview Pkwy was built in 1950 and is positioned along a heavily traveled commercial corridor. The site offers potential for office occupancy, retail activity, or a home-office configuration, subject to applicable approvals and requirements.
Clearview Parkway recorded a traffic count of 66,092 vehicles per day in 2023, according to LADOTD. The property provides access to I-10 and Airline Hwy, with major commercial centers also identified in the surrounding area. It is located within a Tax Credit Market Area, a designation associated with potential development or business incentive eligibility.
Clearview Parkway recorded a traffic count of 66,092 vehicles per day in 2023, according to LADOTD. The property provides access to I-10 and Airline Hwy, with major commercial centers also identified in the surrounding area. It is located within a Tax Credit Market Area, a designation associated with potential development or business incentive eligibility.
Key Highlights
- 66,092 vehicles per day traffic count on Clearview Parkway in 2023
- Built in 1950
- Office, retail, or home‑office use potential stated in the listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,644
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,880
$272.9K
Cap Rate 7%
$194,914
$194.9K
Cap Rate 9%
$151,600
$151.6K
Market Conditions
NOI Build-Up for 1,123 SF
Gross rent
$24.3K $21.60/SF
− Vacancy
−$2.4K −$2.16/SF
EGI
$21.8K $19.44/SF
− OpEx
−$8.2K −$7.29/SF
NOI
$13.6K $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%
$272,880
Cap Rate 7%
$194,914
Cap Rate 9%
$151,600
Alternative Uses
Best Use
Mixed Use
$194.9K
$170.6K – $227.4K
NOI $13,644 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$192.9K
$168.8K – $225.1K
NOI $13,503 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$263.0K
$230.1K – $306.8K
NOI $18,409 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
624
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
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 units - Office-oriented commercial property with prominent corridor exposure and access to major regional routes.
Where is this office units located?
The property is located at 304 Clearview Pkwy Metairie, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 66,092 vehicles per day traffic count on Clearview Parkway in 2023; Built in 1950; Office, retail, or home‑office use potential stated in the listing
