1005 Saadi Street Houma, LA 70363
Remodeled office with warehouse space and Intracoastal access.
- Added:
- Jan 7, 2025
- Days on Market:
- 551
- Last Refresh:
- Jun 27 at 2:24 pm
Property Features for 1005 Saadi Street
General Information
- Standard status
- Active
- Size
- 13,615 SF
- Lot size
- 3.50 Acres
- Property subtype
- Commercial/Industrial
Listing office Good Earth Realty, Inc. (985) 637-2255
Listing date Jan 7, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Good Earth Realty, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Direct Intracoastal access near Navigational Canal.
- Bulk headed for large vessels.
- Appx. 500 FT along the Intracoastal and Saadi St.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.1k | $14.40 |
| − Vacancy | −$3.9k | −$0.29 |
| EGI | $192.1k | $14.11 |
| − OpEx | −$67.2k | −$4.94 |
| NOI | $124.9k | $9.17 |