Mixed-Use Property with Office
For Sale
Contact for pricing
3401 W Esplanade Ave., Metairie, LA 70002
C-1-zoned commercial property with off-street parking and adaptable retail, medical, and office configurations.
Property Size7,322 SF
Lot Size0.31 Acres
Price / SF$0.00
Days on Market74
Property Features for 3401 W Esplanade Ave.
General Information
Standard status
Active
Size
7,322 SF
Lot size
0.31 Acres
Property subtype
Office
Zoning
C-1
Building Details
Buildings
1
Building Size
7,322 SF
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Daniel Marse · License ##0995691909
(504) 812-2388
Source:
Lacdb.resimplifi
Added: Aug 4
Changed: Oct 11
Last Checked: Oct 16 at 5:56AM
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 NAI Rampart Commercial Real Estate New Orleans
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 7,322 SF on an approximately 13,538 SF lot. Available configurations include Suite 2, an approximately 1,722-SF ground-floor retail or medical suite, and Suite 200B, an approximately 2,500-SF second-floor office space. Shared building amenities are available to tenants, and the property is offered in its existing condition.
The property is located at 3401 W. Esplanade Ave. in Metairie, near the Causeway Bridge and just north of Lakeside Shopping Center. Its setting within an active commercial corridor provides access, off-street parking, and street exposure. Zoning is Neighborhood Commercial C-1, a designation associated with retail goods and selected services.
The property is located at 3401 W. Esplanade Ave. in Metairie, near the Causeway Bridge and just north of Lakeside Shopping Center. Its setting within an active commercial corridor provides access, off-street parking, and street exposure. Zoning is Neighborhood Commercial C-1, a designation associated with retail goods and selected services.
Key Highlights
- Approximately 7,322 SF mixed‑use property on an approximately 13,538 SF lot
- Suite 2: approximately 1,722 SF ground‑floor retail or medical space
- Suite 200B: approximately 2,500 SF second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,040
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,800
$1.8M
Cap Rate 7%
$1,257,714
$1.3M
Cap Rate 9%
$978,222
$978.2K
Market Conditions
NOI Build-Up for 7,322 SF
Gross rent
$146.7K $20.04/SF
− Vacancy
−$29.3K −$4.01/SF
EGI
$117.4K $16.03/SF
− OpEx
−$29.3K −$4.01/SF
NOI
$88.0K $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%
$1,760,800
Cap Rate 7%
$1,257,714
Cap Rate 9%
$978,222
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,962 @ 7.0% cap · market cap 808,745.45%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,040 @ 7.0% cap · market cap 800,363.64%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $120,024 @ 7.0% cap · market cap 1,091,127.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,032
Businesses Nearby
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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?
Mixed-use property - C-1-zoned commercial property with off-street parking and adaptable retail, medical, and office configurations.
Where is this mixed-use property located?
The property is located at 3401 W Esplanade Ave. Metairie, LA.
What are key features of this property?
This property features: Approximately 7,322 SF mixed‑use property on an approximately 13,538 SF lot; Suite 2: approximately 1,722 SF ground‑floor retail or medical space; Suite 200B: approximately 2,500 SF second‑floor office space
