Listing Agency: Elifin Realty

Listed By: Brady Becker · License #9006927 Show Phone

Source: Lacdb.resimplifi

Added: May 20 Changed: Oct 13 Last Checked: Oct 16 at 5:44AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,172

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,503,440 $1.5M

Cap Rate 7%

$1,073,886 $1.1M

Cap Rate 9%

$835,244 $835.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$113.0K $18.84/SF

− Vacancy

−$5.7K −$0.94/SF

EGI

$107.4K $17.90/SF

− OpEx

−$32.2K −$5.37/SF

NOI

$75.2K $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 Rate 5%

$1,503,440

Cap Rate 7%

$1,073,886

Cap Rate 9%

$835,244

Alternative Uses

Best Use

Retail

$1.07M

$939.7K – $1.25M (±1% cap)

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 (±1% cap)

NOI $98,354 @ 7.0% cap · market cap 10.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Trendy Nail Spa Nail Salon

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Building Supply

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

Location Intelligence

Trade Area within ½ mile

789

Businesses Nearby

58k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 60% Dining 34% Electronics 5% Shops & Services 2%

Marshalls Apparel

34,989 visits/mo 0.5 miles

Fuji Sushi Dining

7,342 visits/mo 0.4 miles

SUBWAY Dining

4,904 visits/mo 0.5 miles

Domino's Pizza Dining

2,930 visits/mo 0.4 miles

Papa John's Pizza Dining

2,685 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Single-Tenant Dollar General Retail

7505 Airline Dr, Metairie, LA 70003

$1,600,000

9,100 SF

View details

Two-Story Retail Building with Three Units

6919, 6921 Veterans Blvd, Metairie, LA 70003

$950,000

16,000 SF

View details

Two-Tenant Retail Building

2200 DAVID Drive, Metairie, LA 70003

$1,150,000

2,830 SF

View details

Corner Retail Redevelopment Opportunity

1949, 1955 Veterans Memorial Blvd, Metairie, LA 70005

$3,100,000

View details

Value-Add Office/Retail Property

3116 Metairie Rd, Metairie, LA 70001

$530,000

2,800 SF

View details

Flex Space with Warehouse

4717 Airline Hwy, Metairie, LA 70001

$1,975,000

14,160 SF

View details

Retail and Office Storefront Building

5246 Veterans Blvd, Metairie, LA 70006

Contact for pricing

3,345 SF

View details

Flex Space with Showroom

4717 Airline Dr, Metairie, LA 70001

Contact for pricing

14,160 SF

View details

Two-Unit Office Building

3409-11 METAIRIE Road, Metairie, LA 70001

$850,000

0.18 Acres

View details

11-Unit Office Building

2305 N HULLEN Street, Metairie, LA 70001

$895,000

6,228 SF

View details

10-Unit Apartment Building

213 Rosebud St, Metairie, LA 70005

$1,100,000

5,573 SF

View details

Two-Building Office Property

3000 26TH Street, Metairie, LA 70002

$1,200,000

5,540 SF

View details

Frequently Asked Questions

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 Blvd 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.