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    7370 Chef Menteur Hwy New Orleans, LA 70126

    Sponsored
    For Sale
    $975,000

    New Orleans medical office building, great location.

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 15,000-square-foot, Class B medical office building at 7370 Chef Menteur Highway in New Orleans, Louisiana, is offered at $975,000 ($65/sq ft). Built in 1969 and renovated in 2006, this single-tenant property sits on a 1.63-acre lot and features a two-story building with an elevator. The well-designed floor plan includes a first-floor waiting room, conference room, and kitchen/breakroom, and a spacious second-floor assembly room with its own kitchen. Ample parking is available with approximately 36,000 square feet of paved parking and an additional 1.5 acres of yard space suitable for storage or other uses. The C-1 zoning allows for a variety of uses, including medical offices, government offices, houses of worship, or service-oriented businesses. Its convenient location provides easy access to Interstate 10. This property presents a compelling investment opportunity in a desirable New Orleans location. The property's zip code is 70126.

    Property Features for 7370 Chef Menteur Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    15,000 SF
    Class
    B
    Lot Size
    71,003 SF

    Building Details

    Year Built/Renovated
    1969/2006
    Buildings
    1
    Stories
    2

    HighLights

    • 15,000 SF building total.
    • First floor features a large waiting area, conference room, and kitchen/breakroom.
    • Second floor includes a spacious assembly room with kitchen.
    • Built in 1969, renovated in 2006.
    • 2.8‑acre lot with approximately 36,000 SF of paved parking.
    • Includes a 1.5‑acre rear yard.
    Property Profile Location Intelligence

    Current Use by Public Records

    IUOE LOCAL 406 Labor Union Crane industry United Labor Union

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.00064528
    Latitude
    30.01201525

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    FAQs

    What type of property is this?
    Medical office - New Orleans medical office building, great location.
    Where is this medical office located?
    The property is located at 7370 Chef Menteur Hwy New Orleans, LA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 15,000 SF building total.; First floor features a large waiting area, conference room, and kitchen/breakroom.; Second floor includes a spacious assembly room with kitchen.
    Request Owner's contact information
    7370 Chef Menteur Hwy New Orleans, LA 70126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7370 Chef Menteur Hwy New Orleans, LA 70126
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