Self-Storage Facility with Multiple
For Sale
$785,000
Pending
126 N Hollywood, Houma, LA 70364
Commercial Sale, Houma, LA
Property Size8,538 SF
Lot Size3.00 Acres
Days on Market119
Property Features for 126 N Hollywood
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Exterior features
Storage, Pole Sign
Subdivision
Commerce Place
Directions
From West Park, North on Hollywood Rd.
Standard status
Pending
Size
8,538 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
Lots 5, 6 & 7 Commerce Place, Also Lot 2
Legal Description
Lots 5, 6 & 7 Commerce Place, Also Lot 2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Brick, Metal Const
Roof type
Metal
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Hank Babin · License #57860
(985) 804-9991
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 23 at 12:06AM
MLS# 2026007748
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 self-storage portfolio includes three parcels totaling 3 acres, with a combined property size of 8,538 SF. The self-storage offering is spread across multiple buildings, supported by concrete flooring and central heating with ceiling fan cooling. Construction is primarily cinder block/brick with metal roofing, and the site includes a parking lot and a pole sign.
The self-storage configuration includes Building A, described as a cinder block office/shop building with approximately 4,750 SF of office/shop space, plus additional metal building units. Buildings B, W, and O are described as cinder block structures with multiple unit sizes, ranging from 6' x 12' through larger 20' x 20' and 10' x 27' configurations. The property is zoned C-2 General Commercial. Public water and public sewer service are available, and natural gas is available.
In addition to the self-storage buildings, the portfolio includes a bar/lounge space at 126 N. Hollywood with approximately 3,788 SF, brick exterior construction, and a metal roof. Centralized development or lease-optimization opportunities are referenced for the overall site plan, including the presence of a vacant lot within the offering.
The self-storage configuration includes Building A, described as a cinder block office/shop building with approximately 4,750 SF of office/shop space, plus additional metal building units. Buildings B, W, and O are described as cinder block structures with multiple unit sizes, ranging from 6' x 12' through larger 20' x 20' and 10' x 27' configurations. The property is zoned C-2 General Commercial. Public water and public sewer service are available, and natural gas is available.
In addition to the self-storage buildings, the portfolio includes a bar/lounge space at 126 N. Hollywood with approximately 3,788 SF, brick exterior construction, and a metal roof. Centralized development or lease-optimization opportunities are referenced for the overall site plan, including the presence of a vacant lot within the offering.
Key Highlights
- Portfolio includes three parcels totaling 3 acres; combined size 8,538 SF
- Self‑storage includes multiple buildings (Building A, B, W, and O) with unit sizes from 6' x 12' to 20' x 20'
- Zoned C‑2 General Commercial; includes self‑storage plus bar/lounge at 126 N. Hollywood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,320
$1.3M
Cap Rate 7%
$952,371
$952.4K
Cap Rate 9%
$740,733
$740.7K
Market Conditions
NOI Build-Up for 8,538 SF
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.
Gross rent
$80.9K $9.48/SF
− Vacancy
−$2.5K −$0.29/SF
EGI
$78.4K $9.19/SF
− OpEx
−$11.8K −$1.38/SF
NOI
$66.7K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,320
Cap Rate 7%
$952,371
Cap Rate 9%
$740,733
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,091 @ 7.0% cap · market cap 16.83%
Second Best
Self Storage
$1.04M
$912.2K – $1.22M
NOI $72,974 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,749 @ 7.0% cap · market cap 20.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - C-2 zoned self-storage portfolio with multiple buildings, parking lot, and a pole sign, plus utility access including natural gas.
Where is this self storage facility located?
The property is located at 126 N Hollywood Houma, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Portfolio includes three parcels totaling 3 acres; combined size 8,538 SF; Self‑storage includes multiple buildings (Building A, B, W, and O) with unit sizes from 6' x 12' to 20' x 20'; Zoned C‑2 General Commercial; includes self‑storage plus bar/lounge at 126 N. Hollywood
