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

    401 Veterans Memorial Blvd, Metairie, LA 70005

    View on Map
    • Office Spaces
    • 22,088 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orleans Primary Care / Physician
    • Cypress Connects / Tech Support Center / IT Consulting Firm
    • Expotel Hospitality / Property Management Company / Real Estate Consultant
    • School Leadership Center / Training Center
    • Zachary Lamkin, DPM / Physician

    Property Details for 401 Veterans Memorial Blvd

    Year built
    1968
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional two-story office building, located at 401 Veterans Memorial Boulevard in Metairie, Louisiana, presents a unique investment opportunity. Boasting a total of 22,088 square feet, this property offers a versatile mix of executive, medical, and traditional office spaces, currently configured for multiple tenants. Built in 1968, the building is situated on a prominent site with excellent visibility, directly adjacent to Lakeview and providing convenient access to major thoroughfares like I-10 and I-610. The property features ample surface parking for tenants and visitors, along with elevator access for ease of movement between the two floors. Currently, 8,109 square feet of space is available for lease or immediate occupancy. The surrounding area is a thriving mix of commercial and residential properties, including other office buildings, medical facilities, retail centers, restaurants, and grocery stores, ensuring a strong tenant base and high foot traffic. Exterior signage opportunities are also available, providing excellent branding potential for businesses. The Jefferson Parish location (APN: JP-126899) offers a strategic advantage for businesses seeking a central and accessible location in Metairie, Louisiana, zip code 70005. This property is an ideal investment for those seeking a well-located, versatile office building with significant upside potential.

    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
    -90.1269
    Latitude
    30.0014

    Comparable in this City

    • Value Estimation by Request

      433 Metairie Rd

      Office Units
      433 Metairie Rd, Metairie, LA 70005
      View Details
    • Value Estimation by Request

      718 Phosphor Ave

      Medical Office Space
      718 Phosphor Ave, Jefferson, LA 70005
      View Details
    • Value Estimation by Request
      84,400 SF

      701 Metairie Rd

      Lifestyle centers
      701 Metairie Rd, Metairie, LA 70005
      View Details
    • Value Estimation by Request
      10,880 SF

      730 Veterans Memorial Blvd

      Medical Office Space
      730 Veterans Memorial Blvd, 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

    • Contact for pricing
      400 SF

      Commercial Office Space Available

      Move-in ready office space in Old Metairie.
      1-300 Codifer Blvd, Metairie, LA 70005
      View Details
    • $215,000
      1,242 SF

      Metairie Multi-Unit Investment Opportunity

      Multi-unit property with rehab potential in a prime location.
      259 Papworth Ave, Metairie, LA 70005
      View Details
    • $692,000
      2,912 SF

      Charming Cottage in Old Metairie

      Updated cottage with additions, oversized lot, and income potential.
      510 Nursery 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

    Similar Nearby for Lease

    • $1,000 /Mo
      1,248 SF

      Versatile Space on Veterans Blvd

      1248 sqft space ideal for retail, office, or salon.
      700 Phosphor Ave, Metairie, LA 70005
      View Details
    • Contact for pricing

      Renovated Mixed-Use Development in Metairie

      Three-story building with retail, medical, and office spaces for rent.
      701 Metairie Rd, Metairie, LA 70005
      View Details
    • $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
    • 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

      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.
    401 Veterans Memorial 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
    401 Veterans Memorial 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!