Office Building with
For Sale
Contact for pricing
3131 N I 10 Service Rd E, Metairie, LA 70002
Renovated corporate offices include elevator access, backup power, and warehouse space for storage or light operations.
Property Size50,837 SF
Days on Market56
Property Features for 3131 N I 10 Service Rd E
General Information
Standard status
Active
Size
50,837 SF
Class
Class A
Total Parking Spaces
170
Elevators
Yes
Property subtype
Office
Zoning
BC2
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Site & Location
Neighborhood
Rosedale South
Highway Access
Yes
Warehouse & Industrial
Warehouse Space
7,300 SF
Dock-High Doors
3
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Office
Amenities
full building generator
two-story warehouse space
three dock high bays
near Lakeside Shopping Center, Trader Joe's, Whole Foods
170 Parking Spaces
Building Details
Tenancy
Multi
Abandoned
No
Listing Agency:
SRSA Commercial Real Estate
Listed By:
Stephanie Boyd
(504) 451-0095
Source:
Lacdb.resimplifi
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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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Investment Insights
Based on property information with market context.
The 50,837-SF office building has been renovated and includes two-story warehouse space totaling 7,300 SF, with three dock-high bays. A full-building generator and elevator serve the property, and furniture on the top two floors is included. Two long-term tenants occupy lower floors, while the building also serves as the current home of OnPath Federal Credit Union.
Building signage is visible from I-10. Lakeside Shopping Center, Trader Joe’s, and Whole Foods are nearby. The property is zoned BC2.
Building signage is visible from I-10. Lakeside Shopping Center, Trader Joe’s, and Whole Foods are nearby. The property is zoned BC2.
Key Highlights
- 50,837‑SF office building with 7,300 SF of two‑story warehouse space
- Warehouse area includes 3 dock‑high bays
- Full‑building generator and elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$611,264
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,225,280
$12.2M
Cap Rate 7%
$8,732,343
$8.7M
Cap Rate 9%
$6,791,822
$6.8M
Market Conditions
NOI Build-Up for 50,837 SF
Gross rent
$1.02M $20.04/SF
− Vacancy
−$203.8K −$4.01/SF
EGI
$815.0K $16.03/SF
− OpEx
−$203.8K −$4.01/SF
NOI
$611.3K $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%
$12,225,280
Cap Rate 7%
$8,732,343
Cap Rate 9%
$6,791,822
Alternative Uses
Best Use
Warehouse
$10.60M
$9.27M – $12.36M
NOI $741,794 @ 7.0% cap · market cap 74,179,400.00%
Second Best
Mixed Use
$8.82M
$7.72M – $10.29M
NOI $617,670 @ 7.0% cap · market cap 61,767,000.00%
Theoretical Best
Office A
$11.90M
$10.42M – $13.89M
NOI $833,335 @ 7.0% cap · market cap 83,333,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,447
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
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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 - Renovated corporate offices include elevator access, backup power, and warehouse space for storage or light operations.
Where is this office building located?
The property is located at 3131 N I 10 Service Rd E Metairie, LA.
What are key features of this property?
This property features: 50,837‑SF office building with 7,300 SF of two‑story warehouse space; Warehouse area includes 3 dock‑high bays; Full‑building generator and elevator
