1023 W Tunnel Blvd Houma, LA 70360
COMMERCIAL - Houma, LA
- Added:
- Jul 29, 2025
- Days on Market:
- 348
- Last Refresh:
- Jul 11 at 1:06 am
Property Features for 1023 W Tunnel Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 20
- Standard status
- Active
- Size
- 3,776 SF
- Lot size
- 1.05 Acres
Taxes and HOA fees
- Tax Description
- Lot "B" on Map Showing 1.053 Acre tract
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Brick, Metal Const
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent James Ricker License #37498 (985) 870-3322
Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA (985) 262-4400
Listing date Jul 29, 2025
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.
The building sits on W. Tunnel Blvd in Houma and is described as highly visible and centrally located between downtown Houma and the MLK retail corridor. The surrounding area includes many single-family rooftops in all directions.
The existing restaurant configuration may be a practical fit for an operator looking to take over a turn-key style foodservice facility, or for an owner evaluating a restaurant or related retail use at a prominent corner-to-street access point. Prospective buyers should plan for a transition regarding FFE, with the option to negotiate for those items separately from the real estate purchase.
Key Highlights
- Highly visible location between downtown Houma and the MLK retail corridor.
- Located on 1.053 acres with access from Polk St.
- Plenty of single‑family rooftops in all directions.
Local Financial Insights For Specialty Retail
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 | $81.6k | $21.60 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $77.9k | $20.63 |
| − OpEx | −$19.5k | −$5.16 |
| NOI | $58.4k | $15.47 |
