Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2800 Veterans Blvd Metairie, LA 70002

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2800 Veterans Blvd Metairie, LA 70002

    View on Map
    • Office properties & Spaces
    • 96,978 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stern & Associates LLC / Insurance Agency
    • WJ Blanchard Law, LLC / Law Firm
    • United Fire Group / Insurance Agency
    • Stern Wealth Management / Bank / Credit Union
    • Advanced Medical Care & Wellness / Alternative Medicine Practice

    Property Details for 2800 Veterans Blvd

    Year built
    1979
    Property size
    96,978 SF
    Property type
    Office properties & Spaces

    Description

    The Latter Center West, located at 2800 Veterans Blvd in Metairie, Louisiana, offers a prime opportunity for businesses seeking flexible office space. This Class B, multi-tenant office building, constructed in 1979, boasts a total of 96,978 square feet. Currently, there are various suites available, ranging from a minimum of 1,415 square feet to a maximum contiguous space of 10,361 square feet, with a total of 23,740 square feet currently vacant. The building is zoned C-1 Commercial, providing versatility for a range of business types. Its convenient location on Veterans Boulevard in the Airport-Metairie-Kenner submarket of Metairie (zip code 70002) offers excellent accessibility and visibility. The property's APN is 130459. This corporate-quality building presents a compelling opportunity for businesses seeking a well-situated and adaptable office environment in a thriving Metairie location. The building's traditional office layout provides a classic and functional workspace. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Lafayette
    State
    Louisiana
    Longitude
    -90.1517
    Latitude
    30.0023

    Comparable in this City

    • Value Estimation by Request

      2622 Metairie Lawn Dr

      Office properties & Spaces
      2622 Metairie Lawn Dr, Metairie, LA 70002
      View Details
    • Value Estimation by Request
      1,215 SF

      3129 Edenborn Ave

      Office properties & Spaces • 1,215 SF
      3129 Edenborn Ave, Metairie, LA 70002
      View Details
    • Value Estimation by Request
      127,935 SF

      3525 Causeway Blvd

      Medical Office Space • 127,935 SF
      3525 Causeway Blvd, Metairie, LA 70002
      View Details
    • Value Estimation by Request
      449,306 SF

      3838 Causeway Blvd

      Office Units • 449,306 SF
      3838 Causeway Blvd, Metairie, LA 70002
      View Details
    • Value Estimation by Request
      1,548 SF

      3801 Causeway Blvd

      Medical Office Space • 1,548 SF
      3801 Causeway Blvd, Metairie, LA 70002
      View Details
    • Value Estimation by Request
      1,392 SF

      3801 Causeway Blvd

      Office properties & Spaces • 1,392 SF
      3801 Causeway Blvd, Metairie, LA 70002
      View Details

    Similar Nearby for Sale

    • $329,000
      1,555 SF

      Versatile Brick Property, Metairie, LA

      Adaptable property for residential or commercial use on corner lot.
      2800 Lake Villa Dr, Metairie, LA 70002
      View Details
    • Contact for pricing
      41,160 SF

      Fat City Warehouse Opportunity

      41,160 SF warehouse with office and mezzanine space.
      4305 Hessmer Ave, Metairie, LA 70002
      View Details
    • Contact for pricing
      11,175 SF

      Office/Warehouse Near Veterans Blvd

      11,175 SF office/warehouse on 12,960 SF site.
      3223 25Th St, Metairie, LA 70002
      View Details
    • $490,000

      Renovated Metairie Commercial/Office Building

      Recently renovated commercial/office building in a high-traffic Metairie location.
      2882 Cleary Ave, Metairie, LA 70002
      View Details
    • Contact for pricing
      2,100 SF

      Metairie Office Space on Veterans

      Highly visible office suite with flexible layout on Veterans Blvd.
      3848 Veterans Blvd, Metairie, LA 70002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Metairie Office Building For Lease

      Ten-story office building with lake and downtown views.
      3525 N Causeway Blvd, Metairie, LA 70002
      View Details
    • Contact for pricing

      Lakeway Office Complex For Rent

      Three-building office complex with amenities and convenient location.
      3838 Causeway Rd N, Metairie, LA 70002
      View Details
    • $21 SF/Yr
      2,402 SF

      Office Space Available For Rent

      Office space available for lease in Metairie, Louisiana.
      3330 W Esplanade Ave, Metairie, LA 70002
      View Details
    • $3,000 /Mo
      2,002 SF

      Metairie Office Space For Rent

      Office space available for lease in Metairie, Louisiana.
      2721 Division St, Metairie, LA 70002
      View Details
    • Contact for pricing

      Metairie Office Building For Rent

      Class B office building in Metairie Central Business District.
      3525 N Causeway Blvd, Metairie, LA 70002
      View Details
    • Contact for pricing

      Fat City Office/Retail Space

      Commercial building in vibrant Fat City district, ideal for office/retail.
      3613 18Th St, Metairie, LA 70002
      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.
    2800 Veterans Blvd
    Metairie, LA 70002
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!