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    1507 Demosthenes St Metairie, LA 70005
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    Property profile & analytics

    1507 Demosthenes St Metairie, LA 70005

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    • Office Units
    • 8,432 SF
    Off-Market
    Property ID
    US36-2563072
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gregory D'Angelo & Associates: D'Angelo Gregory / Law Firm

    Property Details for 1507 Demosthenes St

    Property size
    8,432 SF
    Property type
    Office Units

    Description

    This single-story, 8,432-square-foot commercial building is situated on a 7,915-square-foot lot in Metairie, Louisiana, just off Veterans Memorial Boulevard at 1507 Demosthenes St, zip code 70005. The property features a main office area of 2,443 square feet, complete with a full kitchen, two bathrooms, and abundant natural light. A 400-square-foot garage with an additional half-bath offers ample storage. The C-1 zoning permits both office and retail uses, making it a versatile investment opportunity. The building includes convenient front and rear parking, along with a drive-through garage. The asking price is $495,000. This property presents a unique blend of office and potential retail space in a prime Metairie location. The single-unit building is ideal for a variety of businesses seeking a well-maintained space with ample parking and storage. Its convenient location near Veterans Memorial Boulevard offers excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.139579256745
    Latitude
    29.999464018313

    Comparable in this City

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      Metairie Multi-Unit Investment Opportunity

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    • $139,000
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      Old Metairie Corner Lot

      Buildable lot in Old Metairie near Canal St path.
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    • $430,000
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      Double Lot in Old Metairie

      Charming home on a double lot with redevelopment potential.
      239 Focis St, Metairie, LA 70005
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    • $1,800,000
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      Metairie Commercial Building - Great Potential

      Versatile 8,000 sq ft building, prime location.
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    • $267,500
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      Land For Sale Metairie

      Land available in Metairie, Louisiana.
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    Similar Nearby for Sale

    • $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
    • $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
    • $430,000
      950 SF

      Double Lot in Old Metairie

      Charming home on a double lot with redevelopment potential.
      239 Focis St, 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
    • $267,500
      7,247 SF

      Land For Sale Metairie

      Land available in Metairie, Louisiana.
      1330 Seminole 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
      2,010 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
    • $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
    • $500 /Mo
      129 SF

      Metairie Office Space For Rent

      Upstairs office space with natural light and shared amenities.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $1,100 /Mo
      378 SF

      Metairie Office Space For Rent

      Upstairs office space with utilities and internet included.
      1510 Veterans Memorial Blvd, Metairie, LA 70005
      View Details
    • $2,800 /Mo
      1,600 SF

      Metairie Office Space For Rent

      Immaculate office space in the heart of Metairie.
      749 Aurora Ave, Metairie, LA 70005
      View Details
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    Metairie, LA 70005
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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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