Property profile

1507 Demosthenes St Metairie, LA 70005

OFF-MARKET
Commercial real estate
Property ID
US36-2563072
2,843 SF Built 1950
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 1507 Demosthenes Street in Metairie, Louisiana, presents a fantastic opportunity for a variety of businesses. Boasting 2,843 square feet of space, this property is ideally situated just one block from Veterans Memorial Boulevard, ensuring high visibility and convenient access. Currently configured as an office, the main area encompasses 2,443 square feet, featuring a well-equipped full kitchen, two bathrooms, and abundant natural light, creating a comfortable and productive work environment. The C-1 zoning allows for flexible use, accommodating both office and retail operations. Adding to the property's functionality is a 400-square-foot garage at the rear, complete with an additional half-bathroom, providing ample storage space. This garage also features a drive-through capability, enhancing operational efficiency. Convenient parking is available both in the front and rear of the building, ensuring ease of access for employees and clients. The property is priced at $495,000 and offers a compelling combination of space, location, and versatility, making it an attractive investment for discerning buyers. The property sits on a lot with zero acres.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 2,843 SF
UPID US36-2563072

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

Location

1507 Demosthenes St Metairie, LA 70005
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 1507 Demosthenes 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