Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Space in Metairie Title is generated by Realmo AI

    2321 N Hullen St, Metairie, LA 70001

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Recently remodeled office space suitable for medical or professional services.

    Type:Office
    Property size:
    2,420 SF
    Added:
    Dec 10, 2024
    Days on Market:
    541
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 2321 N Hullen St

    General Information

    Standard status
    Active
    Size
    2,420 SF
    Property subtype
    Office

    Spaces For Lease

    at 2321 N Hullen St Contact us

    We can help!

    Listing Contact
    Mignon Richard

    Listing agent Mignon Richard License #LA

    Listing office NAI Rampart

    Listing date Dec 10, 2024

    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 NAI Rampart

    HighLights

    • Recently remodeled 2,420 SF office space.
    • Convenient Metairie location near Causeway Boulevard and I‑10.
    • Suitable for medical or professional services.
    • Three separate entrances.
    • Twelve parking spaces.
    • Modified gross rental rate includes water.

    Overview

    This recently remodeled 2,420 square foot office space is located on the first floor of 2321 N. Hullen Street in Metairie. The location is convenient and well-suited for medical or professional services. The layout includes eight private offices along the outer edge of the space, with a central hallway containing a waiting room, kitchenette, three bathrooms, and a conference room. The property features three separate entrances and twelve parking spaces. The modified gross rental rate includes water. The tenant is responsible for electricity and internet. The property is located in Metairie, south of Interstate 10, accessible via Causeway Boulevard, South I-10 Service Road W, and West Napoleon Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bradbury Business Forms Marketing & Advertising Francisco Gonzales Counselor Annick Burke Counselor Alchemy Addiction Recovery ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1581306
    Latitude
    29.9948592

    Nearby Similar for Lease

    • $500/Mo
      129 SF

      Metairie Office Space For Rent

      Upstairs office space with natural light and shared amenities.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $1,000/Mo
      260 SF

      Metairie Office Space For Rent

      Upstairs office space available in Metairie, Louisiana.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $1,000/Mo
      1,248 SF

      Versatile Space on Veterans Blvd

      1248 sqft space ideal for retail, office, or salon.
      700 PHOSPHOR Avenue, Metairie, LA 70005
      View Details
    • $1,200/Mo
      850 SF

      Metairie Office Suite For Rent

      Updated office suite in central Metairie location available for rent.
      3005 HARVARD Avenue, Metairie, LA 70006
      View Details
    • $2,495/Mo
      1,185 SF

      New Metairie Retail Center Space

      New retail strip center in the heart of Metairie!
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $2,469/Mo
      1,185 SF

      New Retail Center in Metairie

      New retail spaces with high visibility in a prime location.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $5,070/Mo
      2,434 SF

      New Retail Center in Metairie

      High-end retail space in a high-traffic Metairie location.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $2,602/Mo
      1,185 SF

      New Retail Center in Metairie

      New retail spaces with high visibility in Metairie, Louisiana.
      3730 AIRLINE Drive, Metairie, LA 70001
      View Details
    • $1,100/Mo
      378 SF

      Metairie Office Space For Rent

      Upstairs office space with utilities and internet included.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70005
      View Details
    • $4,200/Mo
      1,930 SF

      Metairie Retail/Office Space Available

      First floor retail/office space in the heart of Metairie.
      1510 VETERANS MEMORIAL Boulevard, Metairie, LA 70001
      View Details
    • $1,400/Mo
      800 SF

      Light Commercial Upstairs Office Suite

      Upstairs office suite with front and back offices, private bath, and balcony in a six-unit brick building.
      749 AURORA Avenue, Metairie, LA 70005
      View Details
    • $14,463/Mo
      6,942 SF

      Veterans Boulevard Commercial Space

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

    FAQs

    What type of property is this?
    Office units - Recently remodeled office space suitable for medical or professional services.
    Where is this office units located?
    The property is located at 2321 N Hullen St Metairie, LA.
    What are key features of this property?
    This property features: Recently remodeled 2,420 SF office space.; Convenient Metairie location near Causeway Boulevard and I‑10.; Suitable for medical or professional services.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mignon Richard
    Real Estate License ID: LA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2321 N Hullen St, Metairie, LA 70001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!