NNN Medical Office
For Sale
$750,000
4421 Chastant Street, Metairie, LA 70006
NNN medical/office specialty property available for sale, with leasing also available on a NNN basis.
Days on Market66
Property Features for 4421 Chastant Street
General Information
Standard status
Active
Property subtype
Commercial
Lease Type
NNN
Building Details
Building Size
4,492 SF
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 30 at 12:55PM
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
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
