Mixed-Use Property with
For Sale
$600,000
5551 Hwy 311, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size3,751 SF
Lot Size1.17 Acres
Price / SF$159.96
Days on Market194
Property Features for 5551 Hwy 311
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Exterior features
Storage
Subdivision
No Area
Standard status
Active
Size
3,751 SF
Lot size
1.17 Acres
Taxes and HOA fees
Tax Description
A LOT 204.80' ON THE NORTH SIDE OF HWY. 311 X 237.65'/251' AND 209.72' ACROSS THE REAR AS SHOWN ON "SURVEY OF A TRACT OF LAND BELONGING TO VALHI, INC. AND LOCATED IN SECTION 101, T17S-R17E." CB 1942/640.
Legal Description
A LOT 204.80' ON THE NORTH SIDE OF HWY. 311 X 237.65'/251' AND 209.72' ACROSS THE REAR AS SHOWN ON "SURVEY OF A TRACT OF LAND BELONGING TO VALHI, INC. AND LOCATED IN SECTION 101, T17S-R17E." CB 1942/640.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Wood
Building materials
Frame
Roof type
Tile
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Jill Falgout · License #52708
(985) 209-5845
Added: Mar 19
Changed: Sep 15
Last Checked: Sep 28 at 1:06PM
MLS# 2026004959
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 an 1,808 SF office component with three offices, a reception and conference area, and a kitchenette. A separate 1,943 SF warehouse provides on-site storage space. The existing mobile home remains on the property and is excluded from the reported building area. Tile and wood flooring, frame construction, central air, natural-gas heating, a tile roof, and a bathroom are among the documented improvements.
The 1.17-acre tract is positioned along Highway 311 near St. Charles Street in Houma. The property includes a parking lot, open green space, public water, and public sewer. Its combination of office, warehouse, and additional on-site improvements supports a range of commercial configurations within a single property.
The 1.17-acre tract is positioned along Highway 311 near St. Charles Street in Houma. The property includes a parking lot, open green space, public water, and public sewer. Its combination of office, warehouse, and additional on-site improvements supports a range of commercial configurations within a single property.
Key Highlights
- 1.17‑acre mixed‑use commercial tract at 5551 Hwy 311, Houma, LA 70360
- 1,808 SF office area with 3 offices, reception/conference area, and kitchenette
- 1,943 SF warehouse provides on‑site storage space
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
$34,407
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
5.73%
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%
$688,140
$688.1K
Cap Rate 7%
$491,529
$491.5K
Cap Rate 9%
$382,300
$382.3K
Market Conditions
NOI Build-Up for 3,751 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
$54.0K $14.40/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$52.9K $14.11/SF
− OpEx
−$18.5K −$4.94/SF
NOI
$34.4K $9.17/SF
Area
Terrebonne County, LA
Vacancy
2.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$688,140
Cap Rate 7%
$491,529
Cap Rate 9%
$382,300
Alternative Uses
Best Use
Office B
$839.9K
$734.9K – $979.9K
NOI $58,791 @ 7.0% cap · market cap 9.80%
Second Best
Flex RnD
$491.5K
$430.1K – $573.5K
NOI $34,407 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.03M
$904.7K – $1.21M
NOI $72,379 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
874
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial tract combines office, warehouse, and an existing mobile home with public utilities and on-site parking.
Where is this mixed-use property located?
The property is located at 5551 Hwy 311 Houma, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.17‑acre mixed‑use commercial tract at 5551 Hwy 311, Houma, LA 70360; 1,808 SF office area with 3 offices, reception/conference area, and kitchenette; 1,943 SF warehouse provides on‑site storage space
