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    Property profile & analytics

    3200 Severn Ave Metairie, LA 70002

    • Retail properties
    • 20,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • T-Swirl Crêpe / Dessert Restaurant / Brunch Restaurant
    • Nails R Us / Nail Salon
    • uBreakiFix - Phone and Computer Repair / Cell Phone Accessory Store / Computer Repair Service
    • Asurion Appliance Repair / Small Appliance Repair Service / Appliance Repair Service
    • Amazon Hub Counter - Health 4 Nola / E-Commerce Service / Mailing Service

    Property Details for 3200 Severn Ave

    Year built
    1975
    Property size
    20,000 SF
    Property type
    Retail properties

    Description

    This exceptional 1,330-square-foot retail space, located at 3200 Severn Ave, Suite 120, Metairie, LA 70002, is available for lease. Situated in a vibrant neighborhood strip center within the New Orleans metro area, this Class B property offers a prime location with high visibility. The suite, part of a larger 20,000-square-foot building, boasts a recent 2023 renovation, including a complete overhaul following Hurricane Ida, ensuring modern infrastructure and updated amenities. The space features high ceilings, a first floor and mezzanine, several offices, a kitchenette, and two and a half bathrooms. Previously used as a lash retail shop, this versatile space is ideal for a variety of retail businesses. The property includes ample parking with 66 spaces available. The building is zoned Fat City BC 2 and sits on a 36,000-square-foot lot. Annual property taxes are $2.10 per square foot. The property is served by Entergy power. This thriving center is home to a diverse mix of established businesses, including The Eye Dr, Merle Norman Cosmetics, Nola Crepe, Salon Eight 13, UBreakIFix, Pink Pepper Gift Shop, Skin Care Pharmacy, Sal's Music, and NailsRUs, creating a strong synergy and high foot traffic. The lease rate is $25.00 per square foot, NNN. The space will be available November 1, 2024.

    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
    -90.16
    Latitude
    30.0078

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    Metairie, LA 70002
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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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