Building Details

Year built 1980

Floors in Building 1

Building materials Block, Brick, Stucco

Listing Agency: Homesmart Realty South - Metairie · HomeSmart International v***@hsrealtysouth.com Show Phone

Listed By: Patrick A Roberts · License #000013877 Show Phone

Added: Sep 1 Changed: Oct 23 Last Checked: Oct 23 at 3:06PM

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MLS# 2576007

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

At 6001 Airline Drive, this vacant former nursing home contains approximately 23,000 square feet on a 1.2954-acre site. The 1980-built structure has block, brick, and stucco construction, with public water and natural gas available.

On-site power equipment includes a 250 KW main generator and a 35KW natural gas backup generator. The property is in Metairie, with access to Metairie, New Orleans, and major transportation corridors. Any future use is subject to Jefferson Parish approval.

Key Highlights

• Approximately 23,000 SF building on 1.2954 acres
• Two on‑site generators: 250 KW main unit and 35KW natural gas backup
• Built in 1980 with block, brick, and stucco construction

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

Is this asking price fair?

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 (±1% cap)

NOI $306,029 @ 7.0% cap · market cap 12.24%

Second Best

Apartment 5plus

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,038 @ 7.0% cap · market cap 8.56%

Theoretical Best

Office A

$5.39M

$4.71M – $6.28M (±1% cap)

NOI $377,023 @ 7.0% cap · market cap 15.08%

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

Han T. Tran, ... Physician Triton Healthcare Inc Physician St Anthony Community ... Nursing Home

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Dental Office Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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Frequently Asked Questions

What type of property is this?

Nursing home - The vacant healthcare facility occupies a 1.2954-acre parcel and includes two on-site generators.

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 building on 1.2954 acres; Two on‑site generators: 250 KW main unit and 35KW natural gas backup; Built in 1980 with block, brick, and stucco construction