Flex Space with Waterfront
For Sale
$1,300,000
1005 SAADI STREET, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size13,615 SF
Lot Size3.50 Acres
Price / SF$95.48
Days on Market660
Property Features for 1005 SAADI STREET
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial 1
Parking features
Parking Lot
Directions
East Tunnel Blvd, to Beatrice St, to Acadian Dr, left on Saadi St.
Standard status
Active
APN
19647
Size
13,615 SF
Lot size
3.50 Acres
Taxes and HOA fees
Tax Description
Lots 30, 31, 32, 33 & 34 Honduras Plantation Subdivision
Tax Annual Amount
4546
Legal 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
Year built
1996
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
Listed By:
Cynthia Pellegrin · License #17927
(985) 851-3999
Added: Jan 2, 2025
Changed: Oct 23
Last Checked: Oct 24 at 6:06PM
MLS# 2025000177
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 13,615-square-foot flex property sits on 3.5 acres and includes a main office building with seven offices and a recently remodeled interior. A large room previously used for training provides additional meeting space, while the warehouse and work areas connect to ten more offices. Metal siding and a metal roof define the building, constructed in 1996; central air and electric heat serve the space.
The property has direct access to the Intracoastal Waterway near the Navigational Canal, with approximately 500 feet along the Intracoastal and Saadi Street. Bulkheading accommodates large vessels, and portions of the yard are stabilized. Parking and additional yard area are available. Industrial 1 zoning applies, and natural gas is available; the property is served by public water.
The property has direct access to the Intracoastal Waterway near the Navigational Canal, with approximately 500 feet along the Intracoastal and Saadi Street. Bulkheading accommodates large vessels, and portions of the yard are stabilized. Parking and additional yard area are available. Industrial 1 zoning applies, and natural gas is available; the property is served by public water.
Key Highlights
- 13,615 square feet of flex space on 3.5 acres
- Main building has seven offices and a remodeled office area
- Warehouse includes ten additional offices and a large former training room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,309
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,126,180
$2.1M
Cap Rate 7%
$1,518,700
$1.5M
Cap Rate 9%
$1,181,211
$1.2M
Market Conditions
NOI Build-Up for 13,615 SF
Gross rent
$129.1K $9.48/SF
− Vacancy
−$4.0K −$0.29/SF
EGI
$125.1K $9.19/SF
− OpEx
−$18.8K −$1.38/SF
NOI
$106.3K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,126,180
Cap Rate 7%
$1,518,700
Cap Rate 9%
$1,181,211
Alternative Uses
Best Use
Flex RnD
$1.78M
$1.56M – $2.08M
NOI $124,888 @ 7.0% cap · market cap 9.61%
Second Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,309 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,715 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - An industrial-zoned property combines office space, warehouse area, and yard space for flexible operations.
Where is this flex space located?
The property is located at 1005 SAADI STREET Houma, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 13,615 square feet of flex space on 3.5 acres; Main building has seven offices and a remodeled office area; Warehouse includes ten additional offices and a large former training room
