Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Metairie Road Two-Unit Office Building Title is generated by Realmo AI

    3409-11 Metairie Road, Metairie, LA 70001

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-unit office building with income potential on Metairie Road.

    Type:Special Purpose
    Property size:
    1,688 SF
    Price / SF:
    $503/SF
    Added:
    Mar 14, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 19 at 11:30 pm

    Property Features for 3409-11 Metairie Road

    General Information

    Standard status
    Active
    Size
    1,688 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Patrick Roberts

    Listing agent Patrick Roberts License #13877

    Listing office Coldwell Banker Commercial Mandeville

    Listing date Mar 14, 2026

    Source Crexi

    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 Coldwell Banker Commercial Mandeville

    HighLights

    • Prime location on Metairie Rd with excellent visibility and accessibility.
    • Two‑unit office building offering immediate income potential from existing tenants.
    • Opportunity for owner‑user to occupy one suite while generating rental income from the other.
    • Flexible layout with potential to convert into a single, larger space.
    • Larger suite includes five offices and three open retail/work areas.
    • Additional lot included for parking.

    Overview

    This commercial property on Metairie Road features a two-unit office building, offering visibility and accessibility. One unit provides 913 square feet, while the second offers 1,688 square feet. This setup presents an opportunity for investment or owner-user occupancy. The building can be used as two separate units or converted into a single, larger space. The larger suite includes five offices, three open retail/work areas, and two half baths, accommodating various professional or retail uses. The second suite features an open retail/work area, a private office, and a half bath. An additional lot for parking is included in the sale. The property is tenant-occupied, providing immediate income potential.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1601215
    Latitude
    29.9755657

    Nearby Similar for Sale

    • $325,000
      1,787 SF

      Metairie Multi-Family Investment Opportunity

      Solid brick duplex in Metairie, ideal for owner-occupants or investors.
      4428 W METAIRIE Avenue, Metairie, LA 70001
      View Details
    • $692,000
      2,912 SF

      Charming Cottage in Old Metairie

      Updated cottage with additions, oversized lot, and income potential.
      510 NURSERY Avenue, Metairie, LA 70005
      View Details
    • $1,575
      2,100 SF

      Metairie Office Space on Veterans

      Highly visible office suite with flexible layout on Veterans Blvd.
      3848 VETERANS Boulevard, Metairie, LA 70002
      View Details
    • $369,000
      2,450 SF

      Metairie Duplex: Income Potential

      Income-producing duplex with flexible backyard and strong investment potential.
      3939-3941 Bauvais Street, Metairie, LA 70001
      View Details
    • $775,000

      Versatile Commercial Building in Metairie

      Commercial building suitable for office, service, or light industrial use.
      4501 ZENITH Street, Metairie, LA 70001
      View Details
    • $749,000
      4,580 SF

      Metairie Six-Plex in Prime Location

      Six-unit multifamily property with income potential in Metairie, Louisiana.
      3005 LAKE VILLA Drive, Metairie, LA 70002
      View Details
    • $255,000
      1,905 SF

      Metairie Duplex: Investment Opportunity

      Fully rented duplex in Metairie, generating $2,600 monthly income.
      506 N ELM Street, Metairie, LA 70003
      View Details
    • $490,000
      1,820 SF

      Renovated Metairie Commercial/Office Building

      Recently renovated commercial/office building in a high-traffic Metairie location.
      2882 Cleary Ave, Metairie, LA 70002
      View Details
    • $270,000
      1,682 SF

      Metairie Mixed-Use Opportunity

      Mid-century home zoned for business or residential use.
      2209 ATHANIA Parkway, Metairie, LA 70001
      View Details
    • $525,000
      3,911 SF

      Pontchartrain Shores Fourplex Opportunity

      Well-maintained, fully leased fourplex in a desirable residential neighborhood.
      4712 Belle Drive, Metairie, LA 70006
      View Details
    • $299,000

      Updated Office Condo For Sale

      Modern office condo with flexible layout and convenient location.
      2315 N WOODLAWN Avenue, Metairie, LA 70001
      View Details
    • Contact for pricing
      14,165 SF

      AutoZone NNN Lease Investment

      Single-tenant AutoZone NNN leased property in Metairie, Louisiana.
      4630 Veterans Memorial Boulevard, Metairie, LA 70006
      View Details

    FAQs

    What type of property is this?
    Office building - Two-unit office building with income potential on Metairie Road.
    Where is this office building located?
    The property is located at 3409-11 Metairie Road Metairie, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Prime location on Metairie Rd with **excellent visibility and accessibility**.; Two‑unit office building offering **immediate income potential** from existing tenants.; Opportunity for owner‑user to occupy one suite while generating rental income from the other.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Roberts
    Real Estate License ID: 13877
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3409-11 Metairie Road, Metairie, LA 70001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!