Waterfront Mixed-Use
For Sale
$475,000
8061 Main St, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size6,325 SF
Lot Size0.50 Acres
Price / SF$75.10
Days on Market187
Property Features for 8061 Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
No Area
Standard status
Active
Size
6,325 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
BATTURE LOT 100' ON NORTH SIDE OF MAIN STREET. BOUNDED ABOVE BY CHARLES R. BELANGER. BOUNDED BELOW BY JOSEPH BABIN. ALSO A LOT 53.19' ON THE NORTH SIDE OF MAIN STREET, WEST OF AND ADJOINING ABOVE LOT. CB 1364/349
Legal Description
BATTURE LOT 100' ON NORTH SIDE OF MAIN STREET. BOUNDED ABOVE BY CHARLES R. BELANGER. BOUNDED BELOW BY JOSEPH BABIN. ALSO A LOT 53.19' ON THE NORTH SIDE OF MAIN STREET, WEST OF AND ADJOINING ABOVE LOT. CB 1364/349
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Building materials
Brick
Roof type
Metal
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
(985) 872-0444
Listed By:
Liz Morales Hebert
(985) 790-2963
Added: Mar 6
Changed: Aug 20
Last Checked: Sep 9 at 10:06PM
MLS# 2026004090
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.
Located at 8061 Main St in Houma, this waterfront mixed-use building has a brick exterior and an unfinished interior ready for customization. The property includes a parking lot, public water service, and public sewer, providing a straightforward physical base for a range of commercial concepts.
A metal roof was installed after Hurricane Ida. The building sits in downtown Houma with waterfront access and was originally known as “Prof Erny’s,” a local landmark associated with the property’s history. Potential applications identified for the space include retail, professional or medical offices, a restaurant or waterfront venue, a museum or cultural center, mini storage, and event or creative uses.
A metal roof was installed after Hurricane Ida. The building sits in downtown Houma with waterfront access and was originally known as “Prof Erny’s,” a local landmark associated with the property’s history. Potential applications identified for the space include retail, professional or medical offices, a restaurant or waterfront venue, a museum or cultural center, mini storage, and event or creative uses.
Key Highlights
- Waterfront mixed‑use building at 8061 Main St, Houma, LA 70360
- Blank‑shell interior allows the layout to be customized
- Metal roof installed after Hurricane Ida
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
$43,643
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
9.19%
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%
$872,860
$872.9K
Cap Rate 7%
$623,471
$623.5K
Cap Rate 9%
$484,922
$484.9K
Market Conditions
NOI Build-Up for 6,325 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
$75.9K $12.00/SF
− Vacancy
−$6.1K −$0.96/SF
EGI
$69.8K $11.04/SF
− OpEx
−$26.2K −$4.14/SF
NOI
$43.6K $6.90/SF
Area
Terrebonne County, LA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$872,860
Cap Rate 7%
$623,471
Cap Rate 9%
$484,922
Alternative Uses
Best Use
Retail
$869.8K
$761.1K – $1.01M
NOI $60,887 @ 7.0% cap · market cap 12.82%
Second Best
Mixed Use
$623.5K
$545.5K – $727.4K
NOI $43,643 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,047 @ 7.0% cap · market cap 25.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,321
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Blank-shell interior with a parking lot, public water, and public sewer offers flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 8061 Main St Houma, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Waterfront mixed‑use building at 8061 Main St, Houma, LA 70360; Blank‑shell interior allows the layout to be customized; Metal roof installed after Hurricane Ida
