Retail and Office Storefront
For Sale
Contact for pricing
5246 Veterans Blvd, Metairie, LA 70006
Single commercial building with approximately 3,345 SF and prominent frontage along Veterans Boulevard with ample parking.
Property Size3,345 SF
Price / SF$0.01
Days on Market119
Property Features for 5246 Veterans Blvd
General Information
Standard status
Active
Size
3,345 SF
Property subtype
Retail
Zoning
C2
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
The McEnery Company Inc
Listed By:
Pat Browne · License #0099563766
(504) 250-3059
Source:
Lacdb.resimplifi
Added: Jun 24
Changed: Oct 7
Last Checked: Oct 19 at 3:24AM
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
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Investment Insights
Based on property information with market context.
5246 Veterans Boulevard is a highly visible commercial building along a major retail corridor in Metairie. The property consists of an approximately 3,345-square-foot structure and is presented with frontage and ample parking, supporting a range of street-facing uses.
The location provides convenient connectivity to Interstate 10 and Causeway Boulevard and sits in an established Jefferson Parish commercial setting with surrounding retail and dining. Public remarks also note potential for signage and suitability for retail, office, medical, showroom, or service-oriented operations.
The building’s configuration and features are intended to accommodate storefront and professional needs, with direct access from the corridor and on-site parking to serve customers and visitors.
The location provides convenient connectivity to Interstate 10 and Causeway Boulevard and sits in an established Jefferson Parish commercial setting with surrounding retail and dining. Public remarks also note potential for signage and suitability for retail, office, medical, showroom, or service-oriented operations.
The building’s configuration and features are intended to accommodate storefront and professional needs, with direct access from the corridor and on-site parking to serve customers and visitors.
Key Highlights
- Single commercial building with approximately 3,345 SF
- Prominent frontage along Veterans Boulevard on a busy retail corridor in Metairie
- Ample parking on‑site for customers and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,160
$838.2K
Cap Rate 7%
$598,686
$598.7K
Cap Rate 9%
$465,644
$465.6K
Market Conditions
NOI Build-Up for 3,345 SF
Gross rent
$63.0K $18.84/SF
− Vacancy
−$3.2K −$0.94/SF
EGI
$59.9K $17.90/SF
− OpEx
−$18.0K −$5.37/SF
NOI
$41.9K $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%
$838,160
Cap Rate 7%
$598,686
Cap Rate 9%
$465,644
Alternative Uses
Best Use
Retail
$598.7K
$523.9K – $698.5K
NOI $41,908 @ 7.0% cap · market cap 167,632.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.3K
$685.4K – $913.9K
NOI $54,832 @ 7.0% cap · market cap 219,328.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Ever After Events — 3244 36th St, Metairie, LA 70001
- Bella Blooms Floral — 3018 Cleary Ave, Metairie, LA 70002
- Tommeys Mardi Gras — 4501 Veterans Memorial Blvd, Metairie, LA 70006
Frequently Asked Questions
What type of property is this?
Storefront property - Single commercial building with approximately 3,345 SF and prominent frontage along Veterans Boulevard with ample parking.
Where is this storefront property located?
The property is located at 5246 Veterans Blvd Metairie, LA.
What are key features of this property?
This property features: Single commercial building with approximately 3,345 SF; Prominent frontage along Veterans Boulevard on a busy retail corridor in Metairie; Ample parking on‑site for customers and staff
