Technical
Financial
Distress signals
Property profile

4051 Veterans Blvd Metairie, LA 70002

OFF-MARKET
Retail properties & Spaces
37,332 SF Built 1969
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Property summary

AI-generated overview

This exceptional office building, located at 4051 Veterans Blvd in Metairie, Louisiana, presents a compelling investment opportunity. The property, a Class B building constructed in 1969 and renovated in 2016, offers 37,332 square feet of space across four stories. Currently, there are 4,600 square feet of vacant space available, with suite sizes ranging from 1,280 to 4,600 square feet, making it ideal for a variety of tenants. The building features a desirable open floor plan, multiple private offices, and a spacious kitchen/breakroom. The property boasts excellent visibility from Veterans Boulevard, providing ample opportunity for prominent signage. With a 10% load factor, the building is well-maintained and efficiently designed. The zoning is C-1, allowing for flexibility in tenant types. Ample parking is available with 61 spaces. The building includes elevators for convenient access to all four floors, and each suite benefits from a 10-foot ceiling height. The property's location in the Airport-Metairie-Kenner submarket of Jefferson Parish (APN 45889, zip code 70002) provides easy access to major transportation routes and amenities. A CAM charge of $4.25 per square foot annually applies. This is a rare opportunity to acquire a well-positioned office building with significant potential for growth and return on investment.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1969
Total area 37,332 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
  • Dental Office
  • College School
  • Law Firm
  • Real Estate Agency
  • Real Estate Agency

Location

4051 Veterans Blvd Metairie, LA 70002
Metairie metro
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Value estimations

Realmo proprietary · 4 methods
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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
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