Leased Retail and Office
3500 Veterans Blvd Metairie, LA 70002
For Sale
Contact for pricing
Fully leased building on a heavily traveled corridor offers flexible month-to-month tenant options for new ownership use.
Property Size2,179 SF
Price / SF$389.63
Days on Market52
Property Features for 3500 Veterans Blvd
General Information
- Standard status
- Active
- Size
- 2,179 SF
- Property subtype
- Retail
Listing Agency:
The McEnery Company
Listed By:
Scott Weston · License #LA
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 11:09AM
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 The McEnery Company
Investment Insights
Based on property information with market context.
3500 Veterans Boulevard is a mixed retail and office property configured to support retail, office, medical, or service-oriented use. The building is currently fully leased; however, both tenants are month-to-month, creating flexibility for a negotiated new lease arrangement, a re-tenanting plan, or redevelopment and/or owner-occupancy. This makes the property useful for buyers and operators evaluating either continued income generation or a higher-flexibility path to repositioning.
Located along Veterans Boulevard in Metairie, the property is positioned for strong visibility and accessibility on one of the area’s most heavily traveled commercial corridors. The surrounding area includes a dense mix of national retailers, restaurants, and office users, along with nearby residential neighborhoods. The central location is also described as providing convenient connectivity throughout the New Orleans metro area.
For prospective tenants or buyers, the building’s storefront-oriented presence and adaptable tenant profile can support a range of customer-facing concepts, professional services, or medical/service operations. The month-to-month status of the existing occupants provides an additional planning variable for users seeking timing flexibility while evaluating a long-term tenancy or redevelopment strategy.
Located along Veterans Boulevard in Metairie, the property is positioned for strong visibility and accessibility on one of the area’s most heavily traveled commercial corridors. The surrounding area includes a dense mix of national retailers, restaurants, and office users, along with nearby residential neighborhoods. The central location is also described as providing convenient connectivity throughout the New Orleans metro area.
For prospective tenants or buyers, the building’s storefront-oriented presence and adaptable tenant profile can support a range of customer-facing concepts, professional services, or medical/service operations. The month-to-month status of the existing occupants provides an additional planning variable for users seeking timing flexibility while evaluating a long-term tenancy or redevelopment strategy.
Key Highlights
- 3500 Veterans Boulevard commercial building is fully leased, with both tenants on month‑to‑month terms.
- Month‑to‑month tenancy provides flexibility for new ownership to negotiate new leases or vacate the building.
- Located on Veterans Memorial Boulevard in a heavily traveled commercial corridor.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $18.84 |
| − Vacancy | −$2.1k | −$0.94 |
| EGI | $39.0k | $17.90 |
| − OpEx | −$11.7k | −$5.37 |
| NOI | $27.3k | $12.53 |
2,179 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$390.0K
$341.3K – $455.0K
NOI $27,300 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,719 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Tommeys Mardi Gras — 4501 Veterans Memorial Blvd, Metairie, LA 70006
- Bella Blooms Floral — 3018 Cleary Ave, Metairie, LA 70002
- Ever After Events — 3244 36th St, Metairie, LA 70001
FAQs
What type of property is this?
Storefront property - Fully leased building on a heavily traveled corridor offers flexible month-to-month tenant options for new ownership use.
Where is this storefront property located?
The property is located at 3500 Veterans Blvd Metairie, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3500 Veterans Boulevard commercial building is fully leased, with both tenants on month‑to‑month terms.; Month‑to‑month tenancy provides flexibility for new ownership to negotiate new leases or vacate the building.; Located on Veterans Memorial Boulevard in a heavily traveled commercial corridor.
