Property profile

3908 Veterans Memorial Blvd Metairie, LA 70002

OFF-MARKET
Other commercial real estate
47,935 SF 2.39 ac lot Built 1972
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Property summary

AI-generated overview

This two-story commercial building in Metairie is situated in a retail and medical corridor and contains nearly 48,000 square feet of space. The property has approximately 209 feet of frontage on Veterans Memorial Blvd and includes digital monument/signage features. The site covers about 2.39 acres and is zoned C-2. The building has been improved with a roof replacement in 2022 (with a stated 20-year warranty), along with updated landscaping and exterior paint, and features a digital pylon sign. The building is set up to accommodate multiple suites (including spaces of approximately 3,000 and 2,000 square feet) and has historically operated with a mix of tenants such as a bank, urgent care, educational use, personal services, and a federal presence. It is located within minutes of the New Orleans CBD and is positioned near major hospitals and national retailers.

Property profile

Verified
Property type Other commercial real estate
Year built 1972
Total area 47,935 SF
Lot 2.39 ac (104,108 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Physician
  • Financial Advisor
  • Community College Beauty School

Location

3908 Veterans Memorial Blvd Metairie, LA 70002
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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