Two-Unit Office
For Sale
$850,000
3409-11 METAIRIE Road, Metairie, LA 70001
Commercial Sale, Metairie, LA
Property Size2,601 SF
Lot Size0.18 Acres
Price / SF$326.80
Days on Market40
Property Features for 3409-11 METAIRIE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
Off Street, Parking Lot
Lot features
Corner Lot
Special listing conditions
Short Sale
Standard status
Active
APN
0820039091
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
LOT C-1 SQ 117 10325751 SHREWSBURY 1527/219 2467/ 156 109056
Legal Description
LOT C-1 SQ 117 10325751 SHREWSBURY 1527/219 2467/ 156 109056
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Building materials
Concrete, Stucco
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Sandra H Roberts · License #000014004
(504) 813-1000
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2577353
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-suite office property contains spaces of 913 square feet and 1,688 square feet. The larger suite is arranged with five offices, three open work or retail areas, and two half baths. The smaller suite has an open work area, a private office, and a half bath. Built in 1989, the property is served by public water and public sewer, with concrete and stucco construction.
Located on Metairie Road in Metairie, the property includes an additional lot for parking. The site measures 0.18 acres and is zoned C-1. Both suites are currently tenant occupied.
Located on Metairie Road in Metairie, the property includes an additional lot for parking. The site measures 0.18 acres and is zoned C-1. Both suites are currently tenant occupied.
Key Highlights
- Two office suites measuring 913 square feet and 1,688 square feet
- Larger suite includes five offices, three open areas, and two half baths
- Smaller suite has an open area, private office, and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,274
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,480
$625.5K
Cap Rate 7%
$446,771
$446.8K
Cap Rate 9%
$347,489
$347.5K
Market Conditions
NOI Build-Up for 2,601 SF
Gross rent
$52.1K $20.04/SF
− Vacancy
−$10.4K −$4.01/SF
EGI
$41.7K $16.03/SF
− OpEx
−$10.4K −$4.01/SF
NOI
$31.3K $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%
$625,480
Cap Rate 7%
$446,771
Cap Rate 9%
$347,489
Alternative Uses
Best Use
Office B
$446.8K
$390.9K – $521.2K
NOI $31,274 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.1K
$533.0K – $710.6K
NOI $42,636 @ 7.0% cap · market cap 5.02%
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
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
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Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
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 unit - C-1 zoning and an additional parking lot parcel complement the building’s separate office suites.
Where is this office unit 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: Two office suites measuring 913 square feet and 1,688 square feet; Larger suite includes five offices, three open areas, and two half baths; Smaller suite has an open area, private office, and half bath
