NNN Medical Office
4421 Chastant Street Metairie, LA 70006
For Sale
$750,000
NNN medical/office specialty property available for sale, with leasing also available on a NNN basis.
Days on Market65
Property Features for 4421 Chastant Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2011
Listing Agency:
Weichert, Realtors- Loescher Properties
(985) 285-2709
Listed By:
Brooke Loescher Torres
(985) 285-2709
Source:
Nolalivingrealty
Added: May 26
Changed: Jul 26
Last Checked: Jul 29 at 12:38PM
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 Weichert, Realtors- Loescher Properties
Investment Insights
Based on property information with market context.
This NNN medical/office specialty property is offered for sale. The listing also states it is available for lease at $5,000 per month on an NNN basis.
The property is part of a commercial real estate offering categorized as “Other NNN properties,” along with specialty and medical office space classifications, indicating it is positioned for office-oriented use under a NNN structure.
Additional details regarding unit configuration, building size, condition, and on-site amenities were not provided in the information available.
The property is part of a commercial real estate offering categorized as “Other NNN properties,” along with specialty and medical office space classifications, indicating it is positioned for office-oriented use under a NNN structure.
Additional details regarding unit configuration, building size, condition, and on-site amenities were not provided in the information available.
Key Highlights
- Year built: 2011
- Available for lease at $5,000/mo NNN
- Sale listing notes leasing available on an NNN basis
Financial Insights For Healthcare Medical
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 | $113.2k | $25.20 |
| − Vacancy | −$13.6k | −$3.02 |
| EGI | $99.6k | $22.18 |
| − OpEx | −$39.8k | −$8.87 |
| NOI | $59.8k | $13.31 |
4,492 SF · lease $25.20/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$853.8K
$747.1K – $996.2K
NOI $59,769 @ 7.0% cap · market cap 7.97%
Second Best
Office B
$771.6K
$675.2K – $900.2K
NOI $54,012 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.05M
$920.4K – $1.23M
NOI $73,634 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - NNN medical/office specialty property available for sale, with leasing also available on a NNN basis.
Where is this nnn property located?
The property is located at 4421 Chastant Street Metairie, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Year built: 2011; Available for lease at $5,000/mo NNN; Sale listing notes leasing available on an NNN basis
