Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1795 Martin Luther King Houma, LA 70360

    Sponsored
    For Lease
    $2,083 /Mo ($20 SF/Yr)

    COMMERCIAL - Houma, LA

    Property size:
    1,250 SF
    Lot size:
    0.01 Acres
    Days on Market:
    50
    Last Refresh:
    Feb 24 at 5:06 pm

    Property Features for 1795 Martin Luther King

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Parking features
    Parking Lot
    Size
    1,250 SF
    Lot size
    0.01 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick, Metal Const
    Roof type
    Metal

    We can help!

    Listing Contact
    Ed Bice

    Bayou Partners Investments, LLC (985) 262-4400

    Listing agent Ed Bice (985) 381-3229

    Listing date Jan 6, 2026

    MLS# 2025023024

    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.

    Learn more

    Overview

    Retail Space on Martin Luther King

    This 1250 square foot retail space is located on Martin Luther King Boulevard in Houma's retail corridor. The property benefits from high visibility, easy access, and ample parking. Neighboring businesses include restaurants, retailers, and hotels. The location experiences high foot traffic, generated in part by tenants such as The Party Store, Nutrition Wonderland, Hot Worx, and 4L. The unit features a spacious and open floor plan, offering flexibility for customization. This space is suitable for businesses looking to establish or expand their presence in a high-growth area. The lot size is 0.01 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.760539
    Latitude
    29.622283

    Nearby Similar for Lease

    • $4,000 /Mo
      4,849 SF

      Office Space in Prime Location

      Office suites for lease near courthouse, restaurants, and parking.
      7720 Main St, Houma, LA 70360
      View Details
    • $4,680 /Mo
      4,680 SF

      Retail Space in High-Traffic Area

      Move-in ready retail space in a buzzing Houma shopping strip.
      500 Corporate Dr, Houma, LA 70360
      View Details
    • $4,200 /Mo
      3,141 SF

      Houma Office Building For Rent

      Office building in high-traffic location available for rent.
      4924 Highway 311, Houma, LA 70364
      View Details
    • $3,500 /Mo
      5,430 SF

      Houma Commercial Space For Lease

      Industrial and office spaces available for lease in Houma, LA.
      3512 Industrial Avenue A, Houma, LA 70363
      View Details
    • $325 /Mo
      204 SF

      Downtown Houma Office Suite

      Functional office suite in downtown Houma, ideal for professional services.
      209 Goode St, Houma, LA 70360
      View Details
    • $2,850 /Mo
      3,100 SF

      Versatile Warehouse in High-Traffic Location

      3,100 SF commercial warehouse for lease in a prime location.
      1540B Gautreaux St, Houma, LA 70360
      View Details
    • New
      $1,850 /Mo
      1,550 SF

      Downtown Houma Office Space

      Unique office space in downtown Houma with exposed brick.
      7886 Main St, Houma, LA 70360
      View Details
    • $1,295 /Mo
      703 SF

      Prime Barrow Street Commercial Suite

      Move-in ready suite with high visibility and thoughtful features.
      1244 Barrow St, Houma, LA 70360
      View Details
    • $2,100 /Mo
      1,910 SF

      Retail Space in High-Traffic Area

      Commercial building in Houma, LA, with high visibility.
      229 S Hollywood Rd, Houma, LA 70360
      View Details
    • $450 /Mo
      156 SF

      Downtown Houma Office Suite

      Private office suite in a high-visibility downtown building.
      1244 Barrow St, Houma, LA 70360
      View Details
    • $1,400 /Mo
      700 SF

      New Office Space For Lease

      700 SF office space available in new strip center.
      1907 Prospect Blvd Unit, Houma, LA 70363
      View Details
    • $1,200 /Mo
      Pending

      Retail/Restaurant/Office Space Available

      Prime location retail/restaurant/office space in Houma, LA.
      814 Grand Caillou Rd Unit, Houma, LA 70363
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in high-traffic Houma location with ample parking.
    Where is this retail space located?
    The property is located at 1795 Martin Luther King Houma, LA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Martin Luther King Blvd in Houma's retail corridor.; - Excellent visibility and easy access with ample parking.; - Versatile 1250 SF unit with a spacious, open floor plan.
    (985) 262-4400
    Request Owner's contact information
    1795 Martin Luther King Houma, LA 70360
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1795 Martin Luther King
    Houma, LA 70360
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1795 Martin Luther King Houma, LA 70360
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ed Bice
    (985) 262-4400 (985) 381-3229
    Learn more
    Google sign-in failed. Please try again or use another login method.