Elevator-Served Office
4836 WABASH ST, Metairie, LA 70001
For Sale
New
Contact for pricing
A renovated, two-story professional workplace combines private offices, conference rooms, executive suites, and dedicated parking.
Property Size14,000 SF
Lot Size0.52 Acres
Price / SF$200
Days on Market7
Property Features for 4836 WABASH ST
General Information
Standard status
Size
Class
Total Parking Spaces
Elevators
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Asking Price
Property Use
Amenities
exterior security cameras
landscaped grounds
zoned HVAC
energy-efficient LED lighting
impact-resistant windows
second-floor CAT 6 wiring
air-conditioned attic storage
Building Details
Buildings
Stories
Listing Agency:
NAI Rampart
Listed By:
Ryan Pearce · License LA SALE.0995682184-ACT
(504) 444-1503
Source:
Crexi
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 9 at 1:44PM
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 NAI Rampart
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Investment Insights
Based on property information with market context.
This two-story office property contains 14,000 square feet and has an elevator, a recently added building expansion, and a refreshed lobby. Its layout includes private offices, conference rooms, break rooms, and executive suites with private bathrooms. Improvements also include ADA-compliant restrooms, zoned HVAC, LED lighting, impact-resistant windows, and updated building systems. The second floor has CAT 6 wiring, while approximately 3,500 square feet of air-conditioned attic space provides additional storage.
Set on approximately 0.52 acres, the property includes 39 dedicated parking spaces, two of them ADA-designated. Exterior security cameras and landscaped grounds are also part of the site. The building is classified as Class B and is offered for sale.
Set on approximately 0.52 acres, the property includes 39 dedicated parking spaces, two of them ADA-designated. Exterior security cameras and landscaped grounds are also part of the site. The building is classified as Class B and is offered for sale.
Key Highlights
- 14,000 SF, two‑story office building with elevator
- Approximately 3,500 SF of air‑conditioned attic storage
- 39 dedicated parking spaces, including two ADA spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,336
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,366,720
$3.4M
Cap Rate 7%
$2,404,800
$2.4M
Cap Rate 9%
$1,870,400
$1.9M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$280.6K $20.04/SF
− Vacancy
−$56.1K −$4.01/SF
EGI
$224.4K $16.03/SF
− OpEx
−$56.1K −$4.01/SF
NOI
$168.3K $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%
$3,366,720
Cap Rate 7%
$2,404,800
Cap Rate 9%
$1,870,400
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.81M
NOI $168,336 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,492 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
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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
$313,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Jefferson County, LA
Properties on Market for Office buildings in Jefferson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A renovated, two-story professional workplace combines private offices, conference rooms, executive suites, and dedicated parking.
Where is this office building located?
The property is located at 4836 WABASH ST Metairie, LA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 14,000 SF, two‑story office building with elevator; Approximately 3,500 SF of air‑conditioned attic storage; 39 dedicated parking spaces, including two ADA spaces
