Retail Space with Dual
For Sale
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7505 Airline Dr, Metairie, LA 70003
Retail property with dual access points and available pylon signage, supported by reported 30,983 daily vehicles.
Property Size9,180 SF
Price / SF$174.29
Days on Market74
Property Features for 7505 Airline Dr
General Information
Standard status
Active
Size
9,180 SF
Property subtype
RETAIL
Listing Agency:
Elifin Realty
(720) 703-5491
Listed By:
Noah Loveland · License #955716500
(720) 703-5491
Source:
Moodyscre
Added: May 19
Changed: Jul 28
Last Checked: Jul 30 at 8:44AM
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
Investment Insights
Based on property information with market context.
This retail property offers dual access and available pylon signage, supporting strong street-level visibility for commercial tenants. The site is positioned to provide straightforward ingress and egress for day-to-day operations.
The property is reported to see approximately 30,983 vehicles per day and offers access from Airline Hwy and N Elm St. Nearby retailers include O’Reilly Auto Parts, Bridge House Super Thrift Store, and other surrounding businesses.
For prospective tenants and buyers, the combination of reported traffic volume, two-way access, and signage capability provides a functional retail setting in a broader retail mix.
The property is reported to see approximately 30,983 vehicles per day and offers access from Airline Hwy and N Elm St. Nearby retailers include O’Reilly Auto Parts, Bridge House Super Thrift Store, and other surrounding businesses.
For prospective tenants and buyers, the combination of reported traffic volume, two-way access, and signage capability provides a functional retail setting in a broader retail mix.
Key Highlights
- Reported 30,983 vehicles per day daily traffic counts
- Dual access from Airline Hwy and N Elm St
- Pylon signage available
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 | $173.0k | $18.84 |
| − Vacancy | −$8.6k | −$0.94 |
| EGI | $164.3k | $17.90 |
| − OpEx | −$49.3k | −$5.37 |
| NOI | $115.0k | $12.53 |
9,180 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,013 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,481 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,394 visits/mo
0.1 miles
Cash America
Shops & Services
3,037 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
1,802 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with dual access points and available pylon signage, supported by reported 30,983 daily vehicles.
Where is this retail space located?
The property is located at 7505 Airline Dr Metairie, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Reported 30,983 vehicles per day daily traffic counts; Dual access from Airline Hwy and N Elm St; Pylon signage available
