First-Generation Office
For Sale
Contact for pricing
4836 Wabash St, Metairie, LA 70001
Newly constructed first-floor office space with abundant parking and ADA accessibility.
Property Size15,000 SF
Days on Market140
Property Features for 4836 Wabash St
General Information
Standard status
Active
Size
15,000 SF
Class
A
Property subtype
Office
Lease Term
$20 SF/yr (NNN; N/A)
Additional Details
Office Units
2
Building Details
Building Size
15,000 SF
Properties For Sale
at 4836 Wabash St Contact usSuite A
Size
3,000 SF
Term
Negotiable
Suite B
Size
3,000 SF
Term
Negotiable
Suites A and B (Combined)
Size
6,000 SF
Term
Negotiable
Listing Agency:
Elifin Realty
Listed By:
Noah Loveland · License #995711824
(225) 955-8546
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 16 at 6:52AM
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 Elifin Realty
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Investment Insights
Based on property information with market context.
Now available for lease, this newly constructed first-generation office space offers a clean, functional first-floor layout designed for modern tenant use. Two separate spaces are available individually, or the areas can be combined for a larger footprint, giving flexibility for growing teams or consolidated operations. The building includes a tenant improvement allowance to help tailor the space to your specific needs. ADA accessibility and abundant parking support convenient day-to-day access for employees and clients.
The space is located at 4836 Wabash St, Metairie, LA, with first-floor direct usability for business operations. On-site parking is available, which can be a practical advantage for clients who prefer on-site vehicle access.
This property is well suited for professional services and office users seeking a newly built first-generation setup with convenient parking and accessible entry. The option to lease one space or both makes it a strong fit for tenants who need flexibility at the outset, whether launching a new location or right-sizing an existing office.
The space is located at 4836 Wabash St, Metairie, LA, with first-floor direct usability for business operations. On-site parking is available, which can be a practical advantage for clients who prefer on-site vehicle access.
This property is well suited for professional services and office users seeking a newly built first-generation setup with convenient parking and accessible entry. The option to lease one space or both makes it a strong fit for tenants who need flexibility at the outset, whether launching a new location or right-sizing an existing office.
Key Highlights
- First‑generation office space for lease on the first floor
- Two first‑floor spaces available, with option to combine for one lease
- Newly constructed office space with TI allowance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,607,200
$3.6M
Cap Rate 7%
$2,576,571
$2.6M
Cap Rate 9%
$2,004,000
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$300.6K $20.04/SF
− Vacancy
−$60.1K −$4.01/SF
EGI
$240.5K $16.03/SF
− OpEx
−$60.1K −$4.01/SF
NOI
$180.4K $12.02/SF
Area
Metairie, LA
Vacancy
20.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,607,200
Cap Rate 7%
$2,576,571
Cap Rate 9%
$2,004,000
Alternative Uses
Best Use
Office B
$2.58M
$2.25M – $3.01M
NOI $180,360 @ 7.0% cap · market cap 901,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,884 @ 7.0% cap · market cap 1,229,420.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Newly constructed first-floor office space with abundant parking and ADA accessibility.
Where is this office units located?
The property is located at 4836 Wabash St Metairie, LA.
What are key features of this property?
This property features: First‑generation office space for lease on the first floor; Two first‑floor spaces available, with option to combine for one lease; Newly constructed office space with TI allowance
