Retail/Office Storefront
609-611 Metairie Road Metairie, LA 70005
For Sale
Contact for pricing
Two storefront-style spaces are available along Metairie Road in the Greater New Orleans area.
Property Size5,595 SF
Price / SF$268.10
Days on Market80
Property Features for 609-611 Metairie Road
General Information
- Standard status
- Active
- Size
- 5,595 SF
- Property subtype
- Retail
Listing Agency:
Property One Inc
Listed By:
Matt Taylor · License #LA 0000006690
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 23 at 8:17AM
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 Property One Inc
Investment Insights
Based on property information with market context.
This retail/office storefront property is positioned along the Metairie Road corridor. It presents a mixed retail and office asset format and is offered for sale as a long-term hold option.
The property is located at 609-611 Metairie Road in Metairie, Louisiana. Public remarks describe the surrounding area as featuring a strong mix of local retailers, dining, and neighborhood-serving businesses.
The offering includes two addresses (609-611), supporting a flexible setup for an owner-occupant or an investor interested in a retail/office configuration in an established submarket.
The property is located at 609-611 Metairie Road in Metairie, Louisiana. Public remarks describe the surrounding area as featuring a strong mix of local retailers, dining, and neighborhood-serving businesses.
The offering includes two addresses (609-611), supporting a flexible setup for an owner-occupant or an investor interested in a retail/office configuration in an established submarket.
Key Highlights
- Two storefront‑style spaces available along Metairie Road (Greater New Orleans area)
- Retail/office asset positioned on the Metairie Road corridor
- Located in the Old Metairie submarket area
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 | $105.4k | $18.84 |
| − Vacancy | −$5.3k | −$0.94 |
| EGI | $100.1k | $17.90 |
| − OpEx | −$30.0k | −$5.37 |
| NOI | $70.1k | $12.53 |
5,595 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$876.2K – $1.17M
NOI $70,098 @ 7.0% cap · market cap 4.67%
Second Best
Office B
$961.1K
$840.9K – $1.12M
NOI $67,274 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,715 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Bee's Wedding & Event Design — 608 papworth ave, metairie, la 70005
- Bee's Wedding and Event Designs — 608 Papworth Ave, Metairie, LA 70005
FAQs
What type of property is this?
Storefront property - Two storefront-style spaces are available along Metairie Road in the Greater New Orleans area.
Where is this storefront property located?
The property is located at 609-611 Metairie Road Metairie, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two storefront‑style spaces available along Metairie Road (Greater New Orleans area); Retail/office asset positioned on the Metairie Road corridor; Located in the Old Metairie submarket area
