Property profile

3524 16Th St Metairie, LA 70002

OFF-MARKET
Office Spaces
38,084 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents two office condo units for sale within a single building situated in Metairie's thriving commercial district. The property, located at 3524 16th Street, boasts a highly visible location just one block from Lakeside Mall and off of Severn Avenue, surrounded by a mix of local and national retailers ensuring high foot traffic and excellent visibility. The building itself is a two-story structure situated on a 7,200 square foot lot, offering a total of 38,084 to 93,772 square feet of office space, divided into multiple units. Currently, Unit A (ground floor) is available for $290,000. Unit F (second floor) is also available, though pricing is not included in this listing. The property is zoned FC-3 and includes 14 shared parking spaces for the convenience of tenants and clients. This presents a rare chance to acquire a well-positioned commercial property in a high-demand area with significant potential for growth and return on investment. The property's strategic location and ample parking make it an attractive option for a variety of businesses. This is an ideal opportunity for investors seeking a strong foothold in the Metairie commercial real estate market.

Property profile

Verified
Property type Office Spaces
Total area 38,084 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
  • Law Firm
  • Travel Agency Tour Operator
  • Accounting Firm Tax Preparation
  • Real Estate Agency
  • Alternative Medicine Practice Spa & Massage Center

Location

3524 16Th St Metairie, LA 70002
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3524 16Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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