Vacant Nursing Home
For Sale
$2,500,000
6001 AIRLINE Drive, Metairie, LA 70003
Vacant former care facility with two generators and C-2 General Commercial / R-1A zoning.
Property Size23,000 SF
Lot Size1.30 Acres
Price / SF$108.70
Days on Market59
Property Features for 6001 AIRLINE Drive
General Information
Standard status
Active
Size
23,000 SF
Lot size
1.30 Acres
Property subtype
COMMERCIAL
Zoning
C-2 General Commercial / R-1A
Site & Location
Neighborhood
Airline Park
Road Access
Yes
Amenities
generator
Building Details
Building Size
23,000 SF
Year Built
1980
Buildings
1
Listing Agency:
Homesmart Realty South
Listed By:
Patrick Roberts · License #000013877
(985) 377-1128
Source:
Burkbrokerage
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 3:17PM
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 Homesmart Realty South
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Investment Insights
Based on property information with market context.
The vacant nursing home facility contains approximately 23,000 SF on approximately 1.3 acres and was built in 1980. The property includes two on-site generators: a 250 KW main generator and a 35KW natural gas backup generator. Building storage is also available.
Located at 6001 Airline Drive in Metairie, the property has frontage along Airline Drive with access to Metairie, New Orleans, and major transportation corridors. Zoning is identified as C-2 General Commercial / R-1A. Proposed adaptive-reuse applications include healthcare, assisted living, behavioral health, rehabilitation, medical, professional office, and institutional uses, subject to Jefferson Parish approval.
Located at 6001 Airline Drive in Metairie, the property has frontage along Airline Drive with access to Metairie, New Orleans, and major transportation corridors. Zoning is identified as C-2 General Commercial / R-1A. Proposed adaptive-reuse applications include healthcare, assisted living, behavioral health, rehabilitation, medical, professional office, and institutional uses, subject to Jefferson Parish approval.
Key Highlights
- Approximately 23,000 SF vacant former nursing home facility
- Approximately 1.3 acres with frontage along Airline Drive
- C‑2 General Commercial / R‑1A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,038
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,280,760
$4.3M
Cap Rate 7%
$3,057,686
$3.1M
Cap Rate 9%
$2,378,200
$2.4M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$414.0K $18.00/SF
− Vacancy
−$24.8K −$1.08/SF
EGI
$389.2K $16.92/SF
− OpEx
−$175.1K −$7.61/SF
NOI
$214.0K $9.31/SF
Area
Metairie, LA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,280,760
Cap Rate 7%
$3,057,686
Cap Rate 9%
$2,378,200
Alternative Uses
Best Use
Healthcare Medical
$4.37M
$3.83M – $5.10M
NOI $306,029 @ 7.0% cap · market cap 12.24%
Second Best
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,038 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$5.39M
$4.71M – $6.28M
NOI $377,023 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
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Similar Off Market Nearby
- St. Michaels Assisted Living — 314 Transcontinental Dr, Metairie, LA 70001
- CHU — 5201 W Metairie Ave, Metairie, LA 70001
Frequently Asked Questions
What type of property is this?
Nursing home - Vacant former care facility with two generators and C-2 General Commercial / R-1A zoning.
Where is this nursing home located?
The property is located at 6001 AIRLINE Drive Metairie, LA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 23,000 SF vacant former nursing home facility; Approximately 1.3 acres with frontage along Airline Drive; C‑2 General Commercial / R‑1A zoning
