Listed by Stirling
$3,100,000
Labarre Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,554
Net Rentable (SqFt) 5,554
Units 3
Cap Rate 6.51%
NOI $201,918
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2000
Acreage 0.454
Zoning Commercial with Commercial Parkway Pedestrian Overlay
Parking Spaces 34 spaces
Parking per 1,000 SqFt 6.12
Investment Type Stabilized
Ground Lease No
Retail | 6.51% CAP | 5,554 SqFt
Marketing description
Labarre Center is a premier 5,554 SF neighborhood retail center situated at the high-visibility intersection of Metairie Road and N. Labarre Road. Located in Old Metairie—the New Orleans region's most affluent and prominent suburban submarket—the property sits squarely within the area's prime retail corridor. Currently 100% leased, the center is surrounded by high-end boutique destinations and benefits from an exceptionally low submarket vacancy rate. Driven by unparalleled neighborhood demographics, the property boasts an average household income exceeding $145,000 within a one-mile radius, making this an unmatched Old Metairie location.
Listing Contacts
Listed by Stirling
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,918.00
$16,826.50/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
Map
Zoning
C1 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 42 uses Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics
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