Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1949 Veterans Blvd Metairie, LA 70005
    Property profile & analytics

    1949 Veterans Blvd, Metairie, LA 70005

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1949 Veterans Blvd

    Property type
    Land

    Description

    This exceptional 22,527 square foot commercial development opportunity is situated on Veterans Boulevard in Metairie, Louisiana, Jefferson Parish, zip code 70005. The property, identified by APN 0820015002|3, boasts a strategic location between Bonnabel and Causeway Boulevards, offering unparalleled access and visibility. The site is comprised of two existing commercial buildings located at 1949-53 Veterans Boulevard and 812 Hesper, along with four vacant lots. This presents a unique blend of existing structures and development potential. The property is zoned C2/R1, allowing for a diverse range of commercial and residential uses, subject to local ordinances and approvals. The asking price for this prime development site is $3,100,000. Its latitude and longitude coordinates are 30.0026928, -90.1452936 respectively. This presents a rare chance to acquire a significant parcel in a high-demand area with substantial upside potential for investors and developers alike. The existing buildings and vacant lots provide flexibility for immediate income generation and future expansion. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1453
    Latitude
    30.0027

    Comparable in this City

    • Value Estimation by Request
      11,500 SF

      M-1 Live Oak St

      Commercial real estate
      M-1 Live Oak St, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      8,000 SF

      505 Frisco Ave

      Commercial real estate
      505 Frisco Ave, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      2,843 SF

      1507 Demosthenes St

      Commercial real estate
      1507 Demosthenes St, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      1,500 SF

      612 Papworth Ave

      Commercial real estate
      612 Papworth Ave, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      94,371 SF

      433 Metairie Rd

      Office Spaces
      433 Metairie Rd, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      8,432 SF

      1507 Demosthenes St

      Office Units
      1507 Demosthenes St, Metairie, LA 70005
      View Details

    Similar Nearby for Sale

    • $267,500
      7,247 SF

      Land For Sale Metairie

      Land available in Metairie, Louisiana.
      1330 Seminole Ave, Metairie, LA 70005
      View Details
    • Contact for pricing

      Metairie Road Commercial Redevelopment Opportunity

      Prime commercial land for redevelopment or investment on Metairie Road.
      3108 Metairie Rd, Metairie, LA 70005
      View Details
    • $139,000
      0.08 Acres

      Old Metairie Corner Lot

      Buildable lot in Old Metairie near Canal St path.
      524 Andrews Ave, Metairie, LA 70005
      View Details
    • $1,800,000
      8,000 SF

      Metairie Commercial Building - Great Potential

      Versatile 8,000 sq ft building, prime location.
      505 Frisco Ave, Metairie, LA 70005
      View Details
    • $430,000
      950 SF

      Double Lot in Old Metairie

      Charming home on a double lot with redevelopment potential.
      239 Focis St, Metairie, LA 70005
      View Details
    • $267,500
      0.17 Acres

      Cleared Lot in Bucktown

      Rare cleared lot in sought-after Metairie neighborhood.
      1330 Seminole Ave, Metairie, LA 70005
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      260 SF

      Metairie Office Space For Rent

      Upstairs office space available in Metairie, Louisiana.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • Contact for pricing
      11,240 SF

      Metairie Office Space For Rent

      Office space in Metairie with on-site services and free parking.
      110 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $1,450 /Mo
      570 SF

      Metairie Commercial Space For Rent

      Commercial space available for rent in Jefferson County.
      638 Papworth Ave, Metairie, LA 70005
      View Details
    • Contact for pricing
      1,267 SF

      Metairie Office Space For Rent

      Two-story office building near Lakeview with I-10/I-610 access.
      401 Veterans Blvd, Metairie, LA 70005
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      713 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • Contact for pricing

      Metairie Office Tower For Rent

      Office tower in Old Metairie with renovated common areas.
      433 Metairie Rd, Metairie, LA 70005
      View Details
    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.
    1949 Veterans Blvd
    Metairie, LA 70005
    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
    1949 Veterans Blvd, Metairie, LA, 70005
    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!