Two-Story Retail Building
6919 Veterans Memorial Boulevard Metairie, LA 70003
6919 Veterans Memorial Boulevard, Metairie, LA, 70003
Contact for pricing
For Sale
Contact for pricing
Two-story retail building ready for custom build-out on Veterans.
Property Size6,000 SF
Price / SF$158.33
Days on Market59
Property Features for 6919 Veterans Memorial Boulevard
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Listing Agency
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed by
Brady Becker · License #LA 9006927
Source
Crexi
Added: May 20 Checked: Jul 15 at 11:22 pm
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
For sale is a two-story retail building with approximately 6,000 square feet, containing three units. The property has been fully gutted and is ready for a custom build-out, making it ideal for multi-tenant retail, office, or mixed-use redevelopment. Positioned along Veterans Boulevard, which sees approximately 24,171 vehicles per day, the property benefits from strong visibility and immediate access to I-10. Nearby amenities include 7 Brew Coffee, Pickle N Pins, Surge Entertainment, Jazzercise, and Planet Fitness. The property is zoned C2 (General Commercial District).
Key Highlights
- ±6,000 SF two‑story retail building.
- Fully gutted and ready for custom build‑out.
- Ideal for multi‑tenant retail, office, or mixed‑use redevelopment.
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 | $113.0k | $18.84 |
| − Vacancy | −$5.7k | −$0.94 |
| EGI | $107.4k | $17.90 |
| − OpEx | −$32.2k | −$5.37 |
| NOI | $75.2k | $12.53 |
6,000 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$939.7K – $1.25M
NOI $75,172 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,354 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trendy Nail Spa
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story retail building ready for custom build-out on Veterans.
Where is this retail space located?
The property is located at 6919 Veterans Memorial Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: ±6,000 SF two‑story retail building.; Fully gutted and ready for custom build‑out.; Ideal for multi‑tenant retail, office, or mixed‑use redevelopment.
