Renovated Flex
For Sale
$725,000
4408 Hessmer Ave, Metairie, LA 70002
FC3-zoned space offers a refreshed setting for office and warehouse functions.
Property Size4,350 SF
Price / SF$166.67
Days on Market10
Property Features for 4408 Hessmer Ave
General Information
Standard status
Active
Size
4,350 SF
Property subtype
Industrial
Zoning
FC3
Site & Location
Neighborhood
Metairie Business District
Additional Details
Condition
Move-in Ready
Property Use
Office/Warehouse
Amenities
Power
Water
Sewer
Listing Agency:
Don Randon Real Estate Inc
Listed By:
Don Randon
(504) 581-1111
Source:
Lacdb.resimplifi
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 4:48AM
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 Don Randon Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,350-square-foot flex property in Metairie has undergone a full renovation. Recent building improvements include a new roof with a warranty, a new HVAC system, and a replacement sewer line. The updated space is suited to office and warehouse functions, with potential for storage or vehicle collection use.
Key Highlights
- 4,350‑square‑foot flex property
- New roof backed by a warranty
- New HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,474
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,480
$1.3M
Cap Rate 7%
$906,771
$906.8K
Cap Rate 9%
$705,267
$705.3K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$79.9K $18.36/SF
− Vacancy
−$5.2K −$1.19/SF
EGI
$74.7K $17.17/SF
− OpEx
−$11.2K −$2.57/SF
NOI
$63.5K $14.59/SF
Area
Metairie, LA
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,480
Cap Rate 7%
$906,771
Cap Rate 9%
$705,267
Alternative Uses
Best Use
Warehouse
$906.8K
$793.4K – $1.06M
NOI $63,474 @ 7.0% cap · market cap 8.76%
Second Best
Industrial
$746.7K
$653.4K – $871.2K
NOI $52,272 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.02M
$891.3K – $1.19M
NOI $71,306 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,820
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70002, LA
19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Binter Inc — 3939 Veterans Memorial Blvd, Metairie, LA 70002
- Parran's Catering — 3939 Veterans Memorial Blvd, Metairie, LA 70002
- Firehouse Subs - Metairie, LA — 3814 Veterans Blvd Ste B, Metairie, LA 70002
- Dvash Catering — 3747 W Esplanade Ave, Metairie, LA 70002
- Mr Roo's Deli & Catering — 3501 Severn Ave, Metairie, LA 70002
Frequently Asked Questions
What type of property is this?
Flex space - FC3-zoned space offers a refreshed setting for office and warehouse functions.
Where is this flex space located?
The property is located at 4408 Hessmer Ave Metairie, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4,350‑square‑foot flex property; New roof backed by a warranty; New HVAC system
