Building Details

Building Size 1,776 SF

Year Built 1974

Listing Agency: Southeast Commercial Of Ms, LLC Show Phone

Listed By: Matthew Eaton · License #000072493 Show Phone

Source: Cypresskeyrealty

Added: Jul 8, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:32PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-level medical office suite contains 1,776 square feet. The first floor provides approximately 1,080 square feet of clinic space, with two bathrooms, a kitchenette, a break room, several offices, and a conference room. The 696-square-foot upper level includes an office area and storage. The property was built in 1974 and is zoned H2.

At 3939 Houma Boulevard in Metairie, the suite is a short walk from East Jefferson General Hospital and near other medical offices.

Key Highlights

• 1,776 square feet across two levels
• Approximately 1,080 square feet of first‑floor clinic space and 696 square feet upstairs
• Two bathrooms, kitchenette, break room, multiple offices, and conference room

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

Is this asking price fair?

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 (±1% cap)

NOI $23,631 @ 7.0% cap · market cap 9.45%

Second Best

Office B

$305.1K

$266.9K – $355.9K (±1% cap)

NOI $21,355 @ 7.0% cap · market cap 8.54%

Theoretical Best

Office A

$415.9K

$363.9K – $485.2K (±1% cap)

NOI $29,113 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Najolia Dental Dental Office Brandon P. Donnelly, ... Physician Nelson Dental Care Dental Office Palmer Maria A MD Physician Strother Darren PHD Physician

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Building Supply Daycare Center Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Medical Office Suite Near Hospital

13-3939 Houma Blvd, Metairie, LA 70001

$250,000

1,776 SF

View details

Medical Office Suite with Six Offices

5037 Veterans Memorial Blvd, Metairie, LA 70006

$250,000

1,025 SF

View details

Two-Story Professional Office Building

2309 N Hullen St, Metairie, LA 70001

$999,997

4,600 SF

View details

Two-Story Medical Office Space

118 GIUFFRIAS AVE, Metairie, LA 70001

Contact for pricing

8,622 SF

View details

Metairie Office Space For Sale

201-3108 Cleary Ave, Metairie, LA 70001

Contact for pricing

View details

Duplex with Off-Street Parking

1000-1000 1/2 S Bengal Rd, Metairie, LA 70003

$250,000

1,885 SF

View details

Brick Live-Work Space with Garage

2209 ATHANIA Parkway, Metairie, LA 70001

$255,000

1,682 SF

View details

Corner-Lot Duplex with Private Yards

200 Houma Blvd, Metairie, LA 70001

$309,999

1,746 SF

View details

Ranch-Style Corner Business Property

2001 Athania Pkwy, Metairie, LA 70001

$305,000

1,830 SF

View details

Brick Duplex with Carports

6111-6113 Mitchell Ave, Metairie, LA 70003

$319,900

1,856 SF

View details

Duplex with Cottage and Studio

300 PASADENA Avenue, Metairie, LA 70001

$249,000

1,491 SF

View details

Brick Duplex with Covered Patios

3766 68 Roman St, Metairie, LA 70001

$299,000

1,637 SF

View details

Similar Off Market Nearby

• Clearview Veterinary Hospital — 4713 Trenton St, Metairie, LA 70006
• Tosh Janet T DVM — 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

Frequently Asked Questions

What type of property is this?

Medical Office Space - Clinic and support areas occupy the first floor, with additional office and storage space upstairs.

Where is this medical office space located?

The property is located at 3939 Houma Boulevard #13 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: 1,776 square feet across two levels; Approximately 1,080 square feet of first‑floor clinic space and 696 square feet upstairs; Two bathrooms, kitchenette, break room, multiple offices, and conference room