Two-Story Medical Office
3939 Houma Blvd, Metairie, LA 70006
For Sale
$250,000
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 Market489
Property Features for 3939 Houma Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Vacant
Listing Agency:
Southeast Commercial Real Estate
Listed By:
Matt Eaton CCIM · License #0000072493
(504) 339-2136
Source:
Lacdb.resimplifi
Added: Jul 7, 2025
Changed: Oct 25
Last Checked: Nov 6 at 5:14AM
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 Real Estate
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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 / Yr
$21,355
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,159
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Properties on Market for Medical Office Space in Jefferson County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- McKenna, P D Dr — 3838 Veterans Memorial Blvd, Metairie, LA 70002
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 Blvd 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
