Two-Story Medical Office
For Sale
$250,000
3939 HOUMA Boulevard, Metairie, LA 70006
Medical office suite with clinic space on the first floor and administrative office area on the second floor.
Property Size1,776 SF
Price / SF$140.77
Days on Market409
Property Features for 3939 HOUMA Boulevard
General Information
Standard status
Active
Size
1,776 SF
Property subtype
General Commercial
Amenities
3
2.9
Building Details
Year Built
1974
Listing Agency:
Southeast Commercial of MS, LLC
(504) 339-2136
Listed By:
Matt Eaton · License #0000072493
(504) 339-2136
Source:
Xome
Added: Jun 26, 2025
Changed: Aug 7
Last Checked: Aug 8 at 3:39AM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
Southeast Commercial is pleased to present a medical office suite with clinic and administrative space spread across two levels. The first floor offers approximately 1,080 square feet of clinic space, including multiple office spaces, a conference room, two bathrooms, and a kitchenette/break room. The second floor totals approximately 696 square feet and features a spacious office area with generous storage.
The suite is located on Doctor’s Row in Metairie, Louisiana, just steps from East Jefferson General Hospital and surrounded by numerous medical offices.
This configuration supports day-to-day patient and administrative functions within the same suite, with dedicated rooms for collaboration and meeting needs on the first floor and additional work/storage space on the second.
The suite is located on Doctor’s Row in Metairie, Louisiana, just steps from East Jefferson General Hospital and surrounded by numerous medical offices.
This configuration supports day-to-day patient and administrative functions within the same suite, with dedicated rooms for collaboration and meeting needs on the first floor and additional work/storage space on the second.
Key Highlights
- Medical office suite on Doctor’s Row in Metairie, LA, just steps from East Jefferson General Hospital
- First floor features approximately 1,080 SF of clinic space with two bathrooms, kitchenette, break room, and multiple office spaces
- Second floor includes approximately 696 SF with an office area and generous storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,100
$427.1K
Cap Rate 7%
$305,071
$305.1K
Cap Rate 9%
$237,278
$237.3K
Market Conditions
NOI Build-Up for 1,776 SF
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.
Gross rent
$35.6K $20.04/SF
− Vacancy
−$7.1K −$4.01/SF
EGI
$28.5K $16.03/SF
− OpEx
−$7.1K −$4.01/SF
NOI
$21.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,100
Cap Rate 7%
$305,071
Cap Rate 9%
$237,278
Alternative Uses
Best Use
Healthcare Medical
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 9.45%
Second Best
Office B
$305.1K
$266.9K – $355.9K
NOI $21,355 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$415.9K
$363.9K – $485.2K
NOI $29,113 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,159
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70006, LA
16,540
Population
6,645
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
6,362
Density / Sq Mi
$74,049
Median Household Income
$42,120
Median Earnings
$1,206
Median Rent
$333,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Clearview Veterinary Hospital — 4713 Trenton St, Metairie, LA 70006
- Lakeside Animal Hospital — 3838 Veterans Memorial Blvd, Metairie, LA 70002
- McKenna, P D Dr — 3838 Veterans Memorial Blvd, Metairie, LA 70002
- Tosh Janet T DVM — 4713 Trenton St, Metairie, LA 70006
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite with clinic space on the first floor and administrative office area on the second floor.
Where is this medical office space located?
The property is located at 3939 HOUMA Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Medical office suite on Doctor’s Row in Metairie, LA, just steps from East Jefferson General Hospital; First floor features approximately 1,080 SF of clinic space with two bathrooms, kitchenette, break room, and multiple office spaces; Second floor includes approximately 696 SF with an office area and generous storage
