Two-Story Mixed-Use
505 Frisco Ave, Metairie, LA 70005
For Sale
$1,650,000
Two-story configuration includes overhead access, a deli kitchen, and versatile second-floor space.
Property Size7,400 SF
Price / SF$222.97
Days on Market48
Property Features for 505 Frisco Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Stories
Listing Agency:
Iron Horse Land Company
Listed By:
Nancy Collier · License #000048569
(985) 960-0535
Source:
Dominionplace
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 1:12PM
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 Iron Horse Land Company
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Investment Insights
Based on property information with market context.
This 7,400-square-foot mixed-use commercial building was constructed in 1970 and spans two stories. The improvements include a new roof, two overhead doors, a conveyor belt, and a deli kitchen. The upper level offers space suited to multiple potential uses.
The property occupies the corner of Frisco Avenue and Nursery Avenue and is visible from Metairie Road. Its combination of commercial building area, overhead access, food-service improvements, and additional second-floor space supports a range of operational configurations.
The property occupies the corner of Frisco Avenue and Nursery Avenue and is visible from Metairie Road. Its combination of commercial building area, overhead access, food-service improvements, and additional second-floor space supports a range of operational configurations.
Key Highlights
- 7,400 SF two‑story mixed‑use commercial building
- New roof and two overhead doors
- Conveyor belt and deli kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,910
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,200
$1.8M
Cap Rate 7%
$1,284,429
$1.3M
Cap Rate 9%
$999,000
$999.0K
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$159.8K $21.60/SF
− Vacancy
−$16.0K −$2.16/SF
EGI
$143.9K $19.44/SF
− OpEx
−$53.9K −$7.29/SF
NOI
$89.9K $12.15/SF
Area
Metairie, LA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,200
Cap Rate 7%
$1,284,429
Cap Rate 9%
$999,000
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,910 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,923 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,303 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
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Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration includes overhead access, a deli kitchen, and versatile second-floor space.
Where is this mixed-use property located?
The property is located at 505 Frisco Ave Metairie, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 7,400 SF two‑story mixed‑use commercial building; New roof and two overhead doors; Conveyor belt and deli kitchen included
