Warehouse with Remodeled
1005 Saadi Street Houma, LA 70363
1005 Saadi Street, Houma, LA, 70363
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Houma, LA
Property Size13,615 SF
Lot Size3.50 Acres
Price / SF$95.48
Days on Market561
Property Features for 1005 Saadi Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Stabilized Yard Base
- Standard status
- Active
- Size
- 13,615 SF
- Lot size
- 3.50 Acres
Taxes and HOA fees
- Tax Description
- Lots 30, 31, 32, 33 & 34 Honduras Plantation Subdivision
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Metal Const
- Roof type
- Metal
Listing Agency
Good Earth Realty, Inc.
(985) 851-3999
401 Barrow Street, Houma, LA
Listed by
Shirin Nail/ Cynthia Pellegrin · License #467517117
(985) 637-2255
Added: Jan 2, 2025 Checked: Jul 17 at 9:06 am
MLS# 2025000177
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a combination of warehouse and office space, anchored by a main office that was recently remodeled. The office component includes seven offices, along with a large area previously used as a training room that could serve as a conference room. Additional tenant offices are located off the warehouse/work area, providing flexible on-site support space.
The site includes direct access to the Intracoastal near the navigational canal and features bulkhead frontage. The yard is stabilized and the property includes approximately 500 feet along the Intracoastal and Saadi St., with plenty of parking and available yard space.
The sales price includes 1005, 1001, 1007, and 1011, 1013 Saadi Street.
The site includes direct access to the Intracoastal near the navigational canal and features bulkhead frontage. The yard is stabilized and the property includes approximately 500 feet along the Intracoastal and Saadi St., with plenty of parking and available yard space.
The sales price includes 1005, 1001, 1007, and 1011, 1013 Saadi Street.
Key Highlights
- Direct access to the Intracoastal near the Navigational Canal with approx. 500 ft along the water and Saadi St.
- Main office recently remodeled with seven offices plus a large training room that can be used as a conference room.
- Additional 10 offices off the warehouse/work area, with plenty of warehouse/work space throughout.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.1k | $9.48 |
| − Vacancy | −$4.0k | −$0.29 |
| EGI | $125.1k | $9.19 |
| − OpEx | −$18.8k | −$1.38 |
| NOI | $106.3k | $7.81 |
13,615 SF · lease $9.48/SF/yr · vacancy 3.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,395 @ 7.0% cap · market cap 16.42%
Second Best
Flex RnD
$1.78M
$1.56M – $2.08M
NOI $124,888 @ 7.0% cap · market cap 9.61%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,715 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Remodeled main office with seven offices and training area, plus ample warehouse and yard space with direct Intracoastal access.
Where is this flex space located?
The property is located at 1005 Saadi Street Houma, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Direct access to the Intracoastal near the Navigational Canal with approx. 500 ft along the water and Saadi St.; Main office recently remodeled with seven offices plus a large training room that can be used as a conference room.; Additional 10 offices off the warehouse/work area, with plenty of warehouse/work space throughout.
