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Property profile & analytics
OFF-MARKET
Office Spaces

118 Giuffrias Ave Metairie, LA 70001

8,400 SF 0.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional two-story, 8,400 square foot Class A office building in Metairie's desirable submarket is available for lease. Located a half-block from Airline Drive near Cleary, this property offers unparalleled convenience and accessibility. The building features two suites, with a minimum divisible space of 4,200 square feet and a maximum contiguous space of 8,400 square feet, providing flexibility for various business needs. Previously occupied by a medical clinic, the current layout is ideal for similar uses, with features including a recently restriped parking lot accommodating 14 vehicles, new flooring, fresh interior paint, and updated lighting. The building boasts a versatile design, suitable for medical, executive, traditional, creative, or coworking office spaces. Rental rates are competitive, with the second floor priced at $9 per square foot and the first floor at $10 per square foot. The 0.25-acre lot provides ample space, and the building is a walk-up, eliminating the need for elevators. This prime location and updated interior make this property an excellent opportunity for businesses seeking a modern and functional office space in a thriving Metairie neighborhood. The building is currently fully vacant, offering immediate occupancy.

Property profile
Verified
Property type Office Spaces
Total area 8,400 SF
Lot 0.25 ac (10,890 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Seaside Outpatient Services Medical Clinic
  • ANGELA E GREEN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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