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    Commercial and Residential Mixed-Use Property Title is generated by Realmo AI

    179 Enterprise Dr, Houma, LA 70360

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    For Sale
    $549,000

    COMMERCIAL - Houma, LA

    Property size:
    1,636 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $335/SF
    Added:
    Jun 13, 2025
    Days on Market:
    360
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 179 Enterprise Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    5
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    1,636 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    Lot 13, Block 1, Adden. 1, Phase B Enterprise Commercial Place.

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Floors in Building
    2
    Flooring type
    Tile - Ceramic
    Roof type
    Composition

    We can help!

    Listing Contact
    Debbie Chauvin

    Listing agent Debbie Chauvin License #49603

    Listing office Real Estate Express 6690 West Park Aveue, Houma, LA

    Listing date Jun 13, 2025

    MLS# 2025011432

    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.

    HighLights

    • Commercial space on the first floor (1,636 sq. ft.) with potential for 5‑6 offices, reception area, conference room, kitchen/lounge, and handicap restroom.
    • Residential space on the second floor (1,825 sq. ft.) featuring 3 bedrooms, 2 baths, granite countertops, and a screened‑in porch.
    • 22 KW Generac generator powers both floors entirely.
    • Flood Zone X - No flood insurance required.
    • Roof replaced in September 2021 and equipped with hurricane Bahama storm shutters.
    • Seller is an architect and can assist with configuring the commercial space.

    Overview

    This updated mixed-use property features commercial space on the first floor and residential space on the second floor. The first floor offers 1,636 square feet of commercial space, including a reception/lobby area, a handicap restroom, a conference room convertible into two offices, a kitchen/lounge area with a microwave and refrigerator, a CAD room also convertible into two offices, and one regular office. The layout can accommodate a total of five to six offices. Adequate parking is available on the side of the business office. The second floor provides 1,825 square feet of residential living space, accessible through a screened-in porch. It includes three bedrooms and two baths. The kitchen area features granite countertops, a gas stove, a microwave, and a refrigerator. There is a large living area, a large master bedroom with a spacious master bath, double vanities, a custom shower, and granite countertops. A washer and dryer remain in the laundry room. A 22 KW Generac generator will operate both floors in their entirety. The roof was replaced in September 2021 after Hurricane Ida. Hurricane Bahama storm shutters are included. The property is located in Flood Zone X, which does not require flood insurance. The lot size is 0.2203 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Houston J Lirette ... Architect

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.749484
    Latitude
    29.614728

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    FAQs

    What type of property is this?
    Mixed-use property - Updated mixed-use property featuring commercial and residential spaces.
    Where is this mixed-use property located?
    The property is located at 179 Enterprise Dr Houma, LA.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Commercial space on the first floor (1,636 sq. ft.) with potential for 5‑6 offices, reception area, conference room, kitchen/lounge, and handicap restroom.; Residential space on the second floor (1,825 sq. ft.) featuring 3 bedrooms, 2 baths, granite countertops, and a screened‑in porch.; **22 KW Generac generator powers both floors entirely.**
    (985) 804-1957
    We can help!
    Listing Contact
    Debbie Chauvin
    Real Estate License ID: 49603
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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.

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