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    4051 Veterans Blvd Metairie, LA 70002

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    For Lease
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    Office space with retail potential on Veterans Blvd.

    Type:Office
    Added:
    Jun 29, 2022
    Days on Market:
    1389
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 4051 Veterans Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 4051 Veterans Blvd Contact us

    Suite 211 $14 /Mo

    Size
    783 SF
    Type
    Office
    Dentist space in Suite 210 of 1,280 square feet that can be combined or leased separately...
    show more
    Contact us

    Space 210 $14 /Mo

    Size
    1,280 SF
    Type
    Office
    Previously used as an oral surgeon's office and a dentist office.
    Contact us

    Suite 400 $14 /Mo

    Size
    1,862 SF
    Type
    Office
    Excellent floor plan with nice views, nice sized waiting room, five (5) private offices...
    show more
    Contact us

    Fourth Floor Suite 411, 412 Available $14 /Mo

    Size
    2,800 SF
    Type
    Office
    Various floor plans on 4th floor available. Nice treelined neighborhood views in...
    show more
    Contact us

    Suite 224 $14 /Mo

    Size
    1,257 SF
    Type
    Office
    Annual Lease Rate is $14.50 with $.50 PSF increases annually.
    Contact us

    Suite: 101 $26 /Mo

    Size
    4,600 SF
    Type
    Office
    First Floor Office Space of Nice Clear Span Open Area with Five (5) Private Offices...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    David Wright

    Listing agent David Wright License #BROK.995683098

    Listing office Wright Commercial Realty Corporation

    Listing date Jun 29, 2022

    Source Crexi

    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 Wright Commercial Realty Corporation

    Overview

    Veterans Blvd Office/Retail Space

    This well-located office space, suitable for office or retail tenants, fronts Veterans Blvd and features visible signage. The first floor offers an open floor plan with five private offices and a large kitchen. The first floor space is available at $26.50 annually per square foot, net of utilities and janitorial services, and has no CAM charge. A rear door can be added if needed. A new AC unit is being installed. Full service is available on floors 2-4.
    Location Intelligence

    Current Use by Public Records

    Bohning Bryan DDS Dental Office Nationwide College Planning ... College Julie Anne Gardner Law Firm LV1 Broadcasting. Compamy Real Estate Agency AL ALLEYNE REALTOR Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.16102
    Latitude
    30.004868

    Nearby Similar for Lease

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      New Retail Center in Metairie

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      New Retail Center in Metairie

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      Metairie Office Space For Rent

      Upstairs office space with utilities and internet included.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
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    • Contact for pricing

      New Retail Center in Metairie

      New retail space for lease in high-traffic Metairie location.
      3730 AIRLINE Drive, Metairie, LA 70001
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      Metairie Retail/Office Space Available

      First floor retail/office space in the heart of Metairie.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70001
      View Details
    • Contact for pricing

      Veterans Boulevard Commercial Space

      6,942 SF space on Veterans Boulevard available for lease.
      4517 VETERANS Boulevard, Metairie, LA 70006
      View Details
    • Contact for pricing

      Metairie Office Space For Rent

      Immaculate office space in the heart of Metairie.
      749 AURORA Avenue unit: 5&6, Metairie, LA 70005
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with retail potential on Veterans Blvd.
    Where is this office units located?
    The property is located at 4051 Veterans Blvd Metairie, LA.
    What are key features of this property?
    This property features: Prime location fronting Veterans Blvd with **excellent visible signage**.; Open floor plan with five private offices on the first floor and a large kitchen.; First floor space available at $26.50 annually per square foot, net of utilities and janitorial services, with no CAM charge.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Wright
    Real Estate License ID: BROK.995683098
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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