Professional Office
For Sale
Contact for pricing
3321 Hessmer Ave, Metairie, LA 70002
Flexible third-floor configuration accommodates multiple professional office layouts in central Metairie.
Property Size27,775 SF
Price / SF$0.00
Days on Market67
Property Features for 3321 Hessmer Ave
General Information
Standard status
Active
Size
27,775 SF
Property subtype
Office
Zoning
BC2
Lease Type
Gross
Site & Location
Neighborhood
Metairie Business District
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
SRSA Commercial Real Estate
Listed By:
Michael Corrigan
(504) 908-2317
Source:
Lacdb.resimplifi
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 24 at 1:31PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office building at 3321 Hessmer Avenue offers a flexible third-floor configuration for office users. Available space includes Suite 301 with 2,380 SF, Suite 302 with 3,664 SF, or a combined third-floor layout totaling up to 12,768 SF. The property is zoned BC2.
The building sits immediately off Veterans Memorial Boulevard in Metairie, with access to Causeway Boulevard and I-10. Lakeside Shopping Center, the Metairie business district, the CBD, MSY Airport, Kenner, and the Northshore are identified in the surrounding access network. Nearby amenities include retail, dining, medical, and office uses.
The building sits immediately off Veterans Memorial Boulevard in Metairie, with access to Causeway Boulevard and I-10. Lakeside Shopping Center, the Metairie business district, the CBD, MSY Airport, Kenner, and the Northshore are identified in the surrounding access network. Nearby amenities include retail, dining, medical, and office uses.
Key Highlights
- Third‑floor office configuration can provide up to 12,768 SF
- Suite 301 includes 2,380 SF
- Suite 302 includes 3,664 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,967
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,679,340
$6.7M
Cap Rate 7%
$4,770,957
$4.8M
Cap Rate 9%
$3,710,744
$3.7M
Market Conditions
NOI Build-Up for 27,775 SF
Gross rent
$556.6K $20.04/SF
− Vacancy
−$111.3K −$4.01/SF
EGI
$445.3K $16.03/SF
− OpEx
−$111.3K −$4.01/SF
NOI
$334.0K $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%
$6,679,340
Cap Rate 7%
$4,770,957
Cap Rate 9%
$3,710,744
Alternative Uses
Best Use
Office B
$4.77M
$4.17M – $5.57M
NOI $333,967 @ 7.0% cap · market cap 1,757,721.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.50M
$5.69M – $7.59M
NOI $455,296 @ 7.0% cap · market cap 2,396,294.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,418
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
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 building - Flexible third-floor configuration accommodates multiple professional office layouts in central Metairie.
Where is this office building located?
The property is located at 3321 Hessmer Ave Metairie, LA.
What are key features of this property?
This property features: Third‑floor office configuration can provide up to 12,768 SF; Suite 301 includes 2,380 SF; Suite 302 includes 3,664 SF
