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    Property profile & analytics

    3908 Veterans Memorial Blvd Metairie, LA 70060

    • Retail properties
    • 47,935 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • DANYEL ANTOINETTE HAGENS / Family Practice Physician
    • MICHAEL HUGHES / General Practitioner / Health Care Facility
    • ANDREW ALDEN GRUEZKE / General Practitioner / Health Care Facility
    • Chad Nugent - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Blue Cliff College - Clearview / School / Trade School

    Property Details for 3908 Veterans Memorial Blvd

    Year built
    1972
    Property size
    47,935 SF
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional investment opportunity presents a fully leased, 47,935 square foot mixed-use retail center situated on a prominent 39,540 square foot lot at a major intersection in Metairie, Louisiana. The property, built in 1972 and boasting a Class B designation, features seven units currently occupied by a diverse tenant mix including Blue Cliff College, Bonvenu Bank, Rapid Urgent Care, ReLife MD, Gel Nails and Spa, and a United States Coast Guard Recruiting Office. The asking price is $15,000,000, translating to a price per square foot of $312.92. The property benefits from a 100% occupancy rate under a NNN lease structure, providing a stable and predictable income stream. Significant recent upgrades enhance the property's value and appeal, including a new roof installed August 12, 2024, with a 20-year warranty

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1731
    Latitude
    30.0033
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    3908 Veterans Memorial Blvd
    Metairie, LA 70060
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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
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