Retail and Office Storefront
5246 Veterans Boulevard Metairie, LA 70006
5246 Veterans Boulevard, Metairie, LA, 70006
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For Sale
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Single commercial building with approximately 3,345 SF and prominent frontage along Veterans Boulevard with ample parking.
Property Size3,345 SF
Price / SF$306.43
Days on Market16
Property Features for 5246 Veterans Boulevard
General Information
- Standard status
- Active
- Size
- 3,345 SF
- Property subtype
- Retail, Office
Listing agency
The McEnery Company
(504) 274-2701
Listed by
Parke McEnery · License #LA
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 4:50PM Checked: Jul 21 at 4:50PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $18.84 |
| − Vacancy | −$3.2k | −$0.94 |
| EGI | $59.9k | $17.90 |
| − OpEx | −$18.0k | −$5.37 |
| NOI | $41.9k | $12.53 |
3,345 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$598.7K
$523.9K – $698.5K
NOI $41,908 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$574.6K
$502.8K – $670.3K
NOI $40,220 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$783.3K
$685.4K – $913.9K
NOI $54,832 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Premiere Flooring America
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Tommeys Mardi Gras — 4501 Veterans Memorial Blvd, Metairie, LA 70006
- Bella Blooms Floral — 3018 Cleary Ave, Metairie, LA 70002
- Ever After Events — 3244 36th St, Metairie, LA 70001
FAQs
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 Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $1,025,000.
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
