Ground-Floor Office Condominium
4323 DIVISION Street Unit 101-A Metairie, LA 70002
4323 DIVISION Street Unit 101-A, Metairie, LA, 70002
$149,000
For Sale
$149,000
Ground-floor office condo with multiple offices, a reception area, and a break/kitchen setup plus ample surrounding parking.
Property Size950 SF
Price / SF$156.84
Days on Market1191
Property Features for 4323 DIVISION Street Unit 101-A
General Information
- Standard status
- Active
- Size
- 950 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1980
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 231-4410
Listed by
Michael Allain
(504) 231-4410
Source
Xome
Added: Apr 20, 2023 Updated: Jul 22 at 7:34PM Checked: Jul 22 at 7:34PM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This ground-floor office condominium suite offers a comfortable interior layout built around a roomy reception area and a break/kitchen space. The suite includes a large office with two offices within the same area, a second large office, three smaller offices, and a data room with an exit. The space also features excellent lighting and includes an alarm system that is reported to be in place but not in use. Furniture is listed as negotiable.
The property is located in Metairie at 4323 Division Street, Unit 101-A. Public remarks note it sits on the Division side of the building and is across from Haynes Academy, with approximately a half block to busy W. Esplanade Avenue. The offering also describes ample parking around the building.
Previously used as an insurance office, the existing configuration of reception, multiple private offices, and a data room may support a variety of office needs.
The property is located in Metairie at 4323 Division Street, Unit 101-A. Public remarks note it sits on the Division side of the building and is across from Haynes Academy, with approximately a half block to busy W. Esplanade Avenue. The offering also describes ample parking around the building.
Previously used as an insurance office, the existing configuration of reception, multiple private offices, and a data room may support a variety of office needs.
Key Highlights
- Ground‑floor office condominium built in 1980 with 950 SF of office space
- Multiple office layout: roomy reception, break/kitchen, large suite (2 offices), 2nd large office, 3 smaller offices, and data room
- Alarm system in place (not in use) and guest facilities for 3
Local Financial Insights For Office B
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 | $19.0k | $20.04 |
| − Vacancy | −$3.8k | −$4.01 |
| EGI | $15.2k | $16.03 |
| − OpEx | −$3.8k | −$4.01 |
| NOI | $11.4k | $12.02 |
950 SF · lease $20.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$163.2K
$142.8K – $190.4K
NOI $11,423 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$222.5K
$194.7K – $259.6K
NOI $15,573 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CM Construction LLC
Construction Company
Magnum Medical LLC
Medical Supply Store
Jimmy Tarleton, III: ...
Insurance Agency
Allstate Insurance: Terry ...
Insurance Agency
Allstate Personal Financial ...
Financial Advisor
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FAQs
What type of property is this?
Office units - Ground-floor office condo with multiple offices, a reception area, and a break/kitchen setup plus ample surrounding parking.
Where is this office units located?
The property is located at 4323 DIVISION Street Unit 101-A Metairie, LA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Ground‑floor office condominium built in 1980 with 950 SF of office space; Multiple office layout: roomy reception, break/kitchen, large suite (2 offices), 2nd large office, 3 smaller offices, and data room; Alarm system in place (not in use) and guest facilities for 3
