Mixed-Use Property with Office
For Sale
$369,000
186 Enterprise Dr, Houma, LA 70360
COMMERCIAL - Houma, LA
Property Size2,029 SF
Lot Size0.49 Acres
Price / SF$181.86
Days on Market13
Property Features for 186 Enterprise Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
20
Parking features
Parking Lot
Exterior features
Door Sign, Pole Sign
Subdivision
Enterprise Commercial Place
Standard status
Active
Size
2,029 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
LOT 14 BLOCK 2 ENTERPRISECOMMERCIAL PLACE. CB 1745/374
Legal Description
LOT 14 BLOCK 2 ENTERPRISECOMMERCIAL PLACE. CB 1745/374
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Frame
Roof type
Composition
Listing Agency:
Canal & Main Realty
(985) 868-5230
Listed By:
Shantelle Abshire · License #995699245
(985) 852-1137
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 12 at 8:06AM
MLS# 2026014097
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 mixed-use commercial property includes a 2,029-square-foot building arranged with a rental unit and a separate multipurpose office area. The site is currently used as a salon, with a layout that also supports office or retail functions. Interior features include two bathrooms, while central heating, central air conditioning, a frame structure, and a composition roof serve the building. A parking lot, door sign, and pole sign are also present.
Set on 0.49 acres at 186 Enterprise Dr in Houma, the property has 100 feet of road frontage and 113 feet of depth. Its position connects Enterprise Drive with MLK Boulevard and West Park, with reported traffic counts reaching 15,000 vehicles per day. Public water and public sewer serve the property, and the oversized site provides area for parking, additional building space, or future development.
Set on 0.49 acres at 186 Enterprise Dr in Houma, the property has 100 feet of road frontage and 113 feet of depth. Its position connects Enterprise Drive with MLK Boulevard and West Park, with reported traffic counts reaching 15,000 vehicles per day. Public water and public sewer serve the property, and the oversized site provides area for parking, additional building space, or future development.
Key Highlights
- 2,029‑square‑foot mixed‑use building with rental and multipurpose office areas
- 0.49‑acre site with 100 feet of road frontage and 113 feet of depth
- Traffic counts reported at up to 15,000 vehicles per day
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
$31,802
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
8.62%
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%
$636,040
$636.0K
Cap Rate 7%
$454,314
$454.3K
Cap Rate 9%
$353,356
$353.4K
Market Conditions
NOI Build-Up for 2,029 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
$54.8K $27.00/SF
− Vacancy
−$12.4K −$6.10/SF
EGI
$42.4K $20.90/SF
− OpEx
−$10.6K −$5.22/SF
NOI
$31.8K $15.67/SF
Area
Terrebonne County, LA
Vacancy
22.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$636,040
Cap Rate 7%
$454,314
Cap Rate 9%
$353,356
Alternative Uses
Best Use
Office B
$454.3K
$397.5K – $530.0K
NOI $31,802 @ 7.0% cap · market cap 8.62%
Second Best
Retail
$279.0K
$244.2K – $325.5K
NOI $19,532 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a rental unit with flexible business space suitable for salon, office, or retail operations.
Where is this mixed-use property located?
The property is located at 186 Enterprise Dr Houma, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,029‑square‑foot mixed‑use building with rental and multipurpose office areas; 0.49‑acre site with 100 feet of road frontage and 113 feet of depth; Traffic counts reported at up to 15,000 vehicles per day
