Flex Space with
For Sale
$1,975,000
4717 Airline Hwy, Metairie, LA 70001
Versatile commercial improvements combine showroom, offices, warehouse areas, storage, and covered canopies under C2 zoning.
Property Size14,160 SF
Lot Size0.91 Acres
Price / SF$139.48
Days on Market115
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Property Features for 4717 Airline Hwy
General Information
Standard status
Active
Size
14,160 SF
Lot size
0.91 Acres
Property subtype
Industrial
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2010
Year Renovated
2022
Stories
2
Listing Agency:
The McEnery Company Inc
Listed By:
S. McEnery
(504) 236-9542
Source:
Lacdb.resimplifi
Added: Jun 23
Changed: Oct 8
Last Checked: Oct 14 at 7:39PM
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 The McEnery Company Inc
Investment Insights
Based on property information with market context.
This flex space includes approximately 14,160 square feet of improvements arranged for varied commercial operations. The property combines a retail showroom, second-floor offices with private rooms, multiple restrooms, storage, and warehouse areas. Enclosed and open-air warehouse components are supported by covered canopies at the front and rear. The original improvements date to 2010, with additional warehouse work completed in 2022.
The property occupies approximately 0.91 acres, or ±39,513 SF, with frontage along both Airline Highway and Zinnia Avenue. Multiple access points support circulation across the site, while on-site parking accommodates employees, customers, and commercial vehicles. C2 zoning and the combination of retail, office, storage, and warehouse improvements provide a broad commercial configuration.
The property occupies approximately 0.91 acres, or ±39,513 SF, with frontage along both Airline Highway and Zinnia Avenue. Multiple access points support circulation across the site, while on-site parking accommodates employees, customers, and commercial vehicles. C2 zoning and the combination of retail, office, storage, and warehouse improvements provide a broad commercial configuration.
Key Highlights
- Approximately 14,160 square feet of improvements
- Approximately 0.91 acres, or ±39,513 SF
- Frontage on both Airline Highway and Zinnia Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,405
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,548,100
$3.5M
Cap Rate 7%
$2,534,357
$2.5M
Cap Rate 9%
$1,971,167
$2.0M
Market Conditions
NOI Build-Up for 14,160 SF
Gross rent
$266.8K $18.84/SF
− Vacancy
−$13.3K −$0.94/SF
EGI
$253.4K $17.90/SF
− OpEx
−$76.0K −$5.37/SF
NOI
$177.4K $12.53/SF
Area
Metairie, LA
Vacancy
5.00%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,548,100
Cap Rate 7%
$2,534,357
Cap Rate 9%
$1,971,167
Alternative Uses
Best Use
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,617 @ 7.0% cap · market cap 10.46%
Second Best
Retail
$2.53M
$2.22M – $2.96M
NOI $177,405 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,115 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial improvements combine showroom, offices, warehouse areas, storage, and covered canopies under C2 zoning.
Where is this flex space located?
The property is located at 4717 Airline Hwy Metairie, LA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Approximately 14,160 square feet of improvements; Approximately 0.91 acres, or ±39,513 SF; Frontage on both Airline Highway and Zinnia Avenue
