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    Property profile & analytics

    2622 Metairie Lawn Dr Metairie, LA 70002

    • Commercial real estate
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0111775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2622 Metairie Lawn Dr

    Property type
    Commercial real estate

    Description

    This two-story, traditionally styled office building in Metairie, Louisiana, offers multiple tenancy options in a highly desirable location. Situated at 2622 Metairie Lawn Drive, Jefferson Parish (zip code 70002), this property boasts excellent visibility and accessibility. The building is conveniently located off N. Causeway Boulevard, adjacent to the N. I-10 Service Road, providing easy access to Metairie, New Orleans, and the Northshore. Its suburban setting offers a quiet work environment while being within one mile of the Metairie Central Business District, Lakeside Shopping Center, numerous restaurants, banks, and other professional services. The property features 53 parking spaces, conveniently located both in front and behind the building, ensuring ample parking for tenants and their clients. Exterior signage opportunities may be available for qualifying tenants. The building does not have elevators. This property presents a unique opportunity for businesses seeking a well-located, functional office space with convenient access to major thoroughfares and a variety of amenities. The address is easily accessible from 26th Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1522596
    Latitude
    29.9999062

    Comparable in this City

    • $16 SF/Yr
      127,935 SF

      Regions Bank Building, Metairie

      Prime Metairie Office Space Available
      3525 Causeway Blvd, Metairie, LA 70002
      View Details
    • $25 SF/Yr
      449,306 SF

      Metairie Office Space: Three Lakeway

      Class A Office Suites, Jefferson Parish, LA
      3838 Causeway Rd, Metairie, LA 70002
      View Details
    • $27 SF/Yr
      10,000 SF

      Metairie CBD Office Space for Lease

      Move-in ready, fully furnished office suite.
      3223 8Th St, Metairie, LA 70002
      View Details
    • $35 SF/Yr
      33,160 SF

      Metairie Retail Space for Lease

      Prime Trader Joe's-anchored center. High-traffic location.
      2949 Veterans Blvd, Metairie, LA 70002
      View Details
    • $21 SF/Yr
      1,190 SF

      Office Space Available For Rent

      Office space available for lease in Metairie, Louisiana.
      3330 W Esplanade Ave, Metairie, LA 70002
      View Details
    • $16 SF/Yr
      1,215 SF

      Metairie Executive Office Suite

      1,215 SF Office, Ample Parking
      3129 Edenborn Ave, Metairie, LA 70002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Metairie Office Space on Veterans

      Highly visible office space with flexible layout on Veterans Blvd.
      3848 Veterans Blvd, Metairie, LA 70002
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    • $290,000
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      Metairie Office Condo Investment

      Prime Metairie office condos, high-traffic location.
      3524 16Th St, Metairie, LA 70002
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    • $1,699,000
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      Metairie Office Building For Sale

      9,100 SF Office Building, Vacant
      3012 26Th St, Metairie, LA 70002
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    • $149,000
      950 SF

      Metairie Office Condominium For Sale

      Ground floor office condominium in Metairie, near Haynes Academy.
      4323 Division St, Metairie, LA 70002
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    • $485,000

      Vacant Land Near Veterans Blvd

      11,500 SF vacant land parcel zoned BC-2.
      2610 North Hullen St, Metairie, LA 70002
      View Details
    • $1,150,000
      7,160 SF

      Metairie Industrial Property For Sale

      7,160 square foot industrial property in Metairie, Louisiana.
      3020 20Th St, Metairie, LA 70002
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      33,160 SF

      Metairie Retail Space for Lease

      Prime Trader Joe's-anchored center. High-traffic location.
      2949 Veterans Blvd, Metairie, LA 70002
      View Details
    • $16 SF/Yr
      127,935 SF

      Regions Bank Building, Metairie

      Prime Metairie Office Space Available
      3525 Causeway Blvd, Metairie, LA 70002
      View Details
    • $27 SF/Yr
      10,000 SF

      Metairie CBD Office Space for Lease

      Move-in ready, fully furnished office suite.
      3223 8Th St, Metairie, LA 70002
      View Details
    • $25 SF/Yr
      449,306 SF

      Metairie Office Space: Three Lakeway

      Class A Office Suites, Jefferson Parish, LA
      3838 Causeway Rd, Metairie, LA 70002
      View Details
    • $21 SF/Yr
      1,190 SF

      Office Space Available For Rent

      Office space available for lease in Metairie, Louisiana.
      3330 W Esplanade Ave, Metairie, LA 70002
      View Details
    • $16 SF/Yr
      1,215 SF

      Metairie Executive Office Suite

      1,215 SF Office, Ample Parking
      3129 Edenborn Ave, Metairie, LA 70002
      View Details
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    Metairie, LA 70002
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    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
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