Retail and Office Storefront
For Sale
Contact for pricing
5246 Veterans Boulevard, 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$306.43
Days on Market61
Property Features for 5246 Veterans Boulevard
General Information
Standard status
Active
Size
3,345 SF
Property subtype
Retail, Office
Zoning
BC-2
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
The McEnery Company
Listed By:
Parke McEnery · License #LA
(504) 274-2701
Source:
Crexi
Added: Jul 7
Changed: Aug 14
Last Checked: Aug 31 at 1:19AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.09%
Second Best
—
—
no second resolved use
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 authorities.
Property 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 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
