1005 Saadi Street Houma, LA 70363
COMMERCIAL - Houma, LA
Property Features for 1005 Saadi Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Stabilized Yard Base
- Standard status
- Active
- Size
- 13,615 SF
- Lot size
- 3.50 Acres
Taxes and HOA fees
- Tax Description
- Lots 30, 31, 32, 33 & 34 Honduras Plantation Subdivision
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Metal Const
- Roof type
- Metal
Listing agent Shirin Nail/ Cynthia Pellegrin License #467517117 (985) 637-2255
Listing office Good Earth Realty, Inc. 401 Barrow Street, Houma, LA (985) 851-3999
Listing date Jan 2, 2025
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.
The site includes direct access to the Intracoastal near the navigational canal and features bulkhead frontage. The yard is stabilized and the property includes approximately 500 feet along the Intracoastal and Saadi St., with plenty of parking and available yard space.
The sales price includes 1005, 1001, 1007, and 1011, 1013 Saadi Street.
Key Highlights
- Direct access to the Intracoastal near the Navigational Canal with approx. 500 ft along the water and Saadi St.
- Main office recently remodeled with seven offices plus a large training room that can be used as a conference room.
- Additional 10 offices off the warehouse/work area, with plenty of warehouse/work space throughout.
Local Financial Insights For Warehouse
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 | $129.1k | $9.48 |
| − Vacancy | −$4.0k | −$0.29 |
| EGI | $125.1k | $9.19 |
| − OpEx | −$18.8k | −$1.38 |
| NOI | $106.3k | $7.81 |
