Value-Add Office/Retail
3116 Metairie Rd Metairie, LA 70001
3116 Metairie Rd, Metairie, LA, 70001
$530,000
For Sale
$530,000
Value-add office/retail property with C1 zoning and daily traffic exposure, offering flexible single- or multi-tenant use.
Property Size2,800 SF
Price / SF$189.29
Days on Market51
Property Features for 3116 Metairie Rd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Office
Listing agency
Elifin Realty
(985) 703-1140
Listed by
Brady Becker · License #955716500
(985) 703-1140
Source
Elifinrealty
Added: Jun 2 Updated: Jul 22 at 4:55AM Checked: Jul 22 at 4:55AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
Now available for sale, 3116 Metairie Rd is a ±2,800 SF value-add office/retail property with visibility to approximately 12,140 vehicles per day. The space is suited to flexible single- or multi-tenant use, depending on configuration and business needs.
The property is zoned C1 Neighborhood Commercial District and is surrounded by local amenities, including Bear’s Poboys, Loft18, Moxie, and more.
Designed to accommodate office and retail users, this offering presents an opportunity for buyers looking for a commercial property with both street-level exposure and adaptable layout options under C1 zoning.
The property is zoned C1 Neighborhood Commercial District and is surrounded by local amenities, including Bear’s Poboys, Loft18, Moxie, and more.
Designed to accommodate office and retail users, this offering presents an opportunity for buyers looking for a commercial property with both street-level exposure and adaptable layout options under C1 zoning.
Key Highlights
- 2,800 SF office/retail property for sale
- 12,140 vehicles per day traffic count
- C1 Neighborhood Commercial District zoning
Local Financial Insights For Retail
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 | $52.8k | $18.84 |
| − Vacancy | −$2.6k | −$0.94 |
| EGI | $50.1k | $17.90 |
| − OpEx | −$15.0k | −$5.37 |
| NOI | $35.1k | $12.53 |
2,800 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$501.1K
$438.5K – $584.7K
NOI $35,080 @ 7.0% cap · market cap 6.62%
Second Best
Office B
$481.0K
$420.8K – $561.1K
NOI $33,667 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$655.7K
$573.7K – $765.0K
NOI $45,898 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Value-add office/retail property with C1 zoning and daily traffic exposure, offering flexible single- or multi-tenant use.
Where is this office units located?
The property is located at 3116 Metairie Rd Metairie, LA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,800 SF office/retail property for sale; 12,140 vehicles per day traffic count; C1 Neighborhood Commercial District zoning
