Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3202 W Metairie Ave Metairie, LA 70001

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Corner office space with reception, offices, kitchen, and restroom.

    Property Features for 3202 W Metairie Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Tom Bookhardt
    Source: Crexi

    Listing Agency: United Real Estate Partner Listing Agent: Tom Bookhardt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Corner Office Space Available

    This corner office space is situated on the corner of W. Metairie Ave. South and Causeway Blvd. Located on the first floor, the unit includes a reception area, two offices, and an additional larger office suitable for use as a conference room or storage. A kitchen space and restroom are also included. Note that the tub in the restroom is non-functional. The tenant is responsible for electricity and janitorial services and must maintain the cleanliness of the unit. The lessor covers the cost of water. The tenant is allotted five parking spaces. A letter of intent is required.
    Location Intelligence

    Current Use by Public Records

    Quality Nursing Care Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1565751
    Latitude
    29.9809712

    Nearby Similar for Lease

    • $13,156 /Mo
      6,315 SF

      New Retail Center in Metairie

      New retail center with excellent visibility in high-traffic Metairie location.
      3730 Airline Dr, Metairie, LA 70001
      View Details
    • $5,208 /Mo
      2,500 SF

      New Retail Center in Metairie

      New retail strip center with high visibility in Metairie, LA.
      3730 Airline Dr, Metairie, LA 70001
      View Details
    • $2,468 /Mo
      1,185 SF

      New Retail Center in Metairie

      New retail strip center with high visibility in Metairie.
      3730 Airline Dr, Metairie, LA 70001
      View Details
    • $8,333 /Mo
      4,000 SF

      New Retail Center in Metairie

      New retail strip center with high visibility in Metairie.
      3730 Airline Dr, Metairie, LA 70001
      View Details
    • $500 /Mo
      129 SF

      Metairie Office Space For Rent

      Office space for rent with utilities included in Metairie.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $1,200 /Mo
      850 SF

      Updated Office Suite in Metairie

      Updated office suite in central Metairie location available for rent.
      3005 Harvard Ave, Metairie, LA 70006
      View Details
    • $14,463 /Mo
      6,942 SF

      Veterans Boulevard Retail/Office Opportunity

      6,942 SF space available October 2025 on Veterans Boulevard.
      4517 Veterans Blvd, Metairie, LA 70006
      View Details
    • $1,000 /Mo
      260 SF

      Metairie Office Space For Rent

      Upstairs office space for rent in Metairie, Louisiana.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $1,100 /Mo
      378 SF

      Metairie Office Space For Rent

      Office space with utilities and internet included in Metairie.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $1,000 /Mo
      1,248 SF

      Versatile Retail/Office Space Available

      1248 SF Metairie space suitable for retail or office.
      700 Phosphor Ave, Metairie, LA 70005
      View Details
    • $4,200 /Mo
      1,930 SF

      Metairie Retail/Office Space Available

      First floor retail/office space in the heart of Metairie.
      1510 Veterans Memorial Blvd, Metairie, LA 70001
      View Details
    • Sponsored
      Contact for pricing

      Galleria

      Discover many ways to work your way in Galleria
      1 Galleria Blvd, Metairie, LA 70001
      View Details

    FAQs

    What type of property is this?
    Office units - Corner office space with reception, offices, kitchen, and restroom.
    Where is this office units located?
    The property is located at 3202 W Metairie Ave Metairie, LA.
    What are key features of this property?
    This property features: - Convenient corner location at W. Metairie Ave. South and Causeway Blvd.; - First floor accessibility.; - Includes a reception area, two offices, and a larger office suitable for a conference room or storage.
    Request Owner's contact information
    3202 W Metairie Ave Metairie, LA 70001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3202 W Metairie Ave
    Metairie, LA 70001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3202 W Metairie Ave Metairie, LA 70001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tom Bookhardt
    Real Estate License ID: 995716142
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!