Commercial Land Zoned C-1
For Sale
$950,000
3110 Metairie Rd, Metairie, LA 70005
Commercial land zoned C-1 with CPZ, located in Flood Zone X and sold as-is for redevelopment or future use.
Property Size2,780 SF
Price / SF$341.73
Days on Market72
Property Features for 3110 Metairie Rd
General Information
Standard status
Active
Size
2,780 SF
Listing Agency:
Prieur Properties, LLC
(504) 701-3888
Listed By:
Kathryn Roubion
(504) 701-3888
Source:
Exprealty
Added: May 20
Changed: Jul 30
Last Checked: Jul 30 at 5:50AM
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 Prieur Properties, LLC
Investment Insights
Based on property information with market context.
This offering includes two adjacent, mostly rectangular interior parcels sold together along the southern side of Metairie Rd, just east of N. Causeway Blvd. The combined site measures approximately 10,672 SF (about 0.25 acres) and is described as highly visible.
Parcel 3108 Metairie Rd totals approximately 5,139 SF (about 0.15 acres) and includes an older, industrial-related building in fair condition. Parcel 3110-3112 Metairie Rd totals approximately 5,563 SF (about 0.13 acres) and includes an older, vacant multi-family building in poor condition. The listing notes the price is based on a recent land appraisal, with no value given to the existing structures.
Both parcels are zoned C-1, Neighborhood Commercial District, with CPZ (Commercial Parkway Zone) by Jefferson Parish Planning Dept. Flood Zone X is noted. The property is sold in as-is condition with no repairs or repair concessions; buyers should verify zoning, permitting, and intended use.
Parcel 3108 Metairie Rd totals approximately 5,139 SF (about 0.15 acres) and includes an older, industrial-related building in fair condition. Parcel 3110-3112 Metairie Rd totals approximately 5,563 SF (about 0.13 acres) and includes an older, vacant multi-family building in poor condition. The listing notes the price is based on a recent land appraisal, with no value given to the existing structures.
Both parcels are zoned C-1, Neighborhood Commercial District, with CPZ (Commercial Parkway Zone) by Jefferson Parish Planning Dept. Flood Zone X is noted. The property is sold in as-is condition with no repairs or repair concessions; buyers should verify zoning, permitting, and intended use.
Key Highlights
- Two adjacent interior parcels sold together along Metairie Rd
- Combined site totals approx. 10,672 SF (0.25 acres)
- 3108 Metairie Rd: approx. 5,139 SF (0.15 acres) with older industrial‑related building in fair condition
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $18.36 |
| − Vacancy | −$3.3k | −$1.19 |
| EGI | $47.7k | $17.17 |
| − OpEx | −$7.2k | −$2.57 |
| NOI | $40.6k | $14.59 |
2,780 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$579.5K
$507.1K – $676.1K
NOI $40,565 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K
NOI $45,571 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land zoned C-1 with CPZ, located in Flood Zone X and sold as-is for redevelopment or future use.
Where is this commercial land located?
The property is located at 3110 Metairie Rd Metairie, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two adjacent interior parcels sold together along Metairie Rd; Combined site totals approx. 10,672 SF (0.25 acres); 3108 Metairie Rd: approx. 5,139 SF (0.15 acres) with older industrial‑related building in fair condition
