Mixed-Use Property with Expansion
For Sale
$399,000
Pending
1118 Grand Caillou Rd, Houma, LA 70363
C2-zoned property combines residential improvements, an industrial building, and a utility-served pad for future construction.
Property Size3,600 SF
Days on Market194
Property Features for 1118 Grand Caillou Rd
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
Industrial
Zoning
C2
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Buildings
3
Building Size
3,600 SF
Tenancy
Single
Listing Agency:
Canal & Main Realty
(985) 852-1137
Listed By:
Shantelle Abshire · License #0995701309
(985) 852-1137
Source:
Lacdb.resimplifi
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 30 at 1:05PM
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 Canal & Main Realty
Investment Insights
Based on property information with market context.
Located at 1118 Grand Caillou Rd in Houma, this C2-zoned mixed-use property combines two residential homes with an industrial building. The front house measures approximately 1000 SQ FT, while the rear mobile home measures 1820 SQ FT. The industrial building is about 3600 SQ FT and is occupied by a tenant with 14 years at the location.
A separate cement pad is ready for development and has sewer, electricity, and water hookups in place. The combination of residential improvements, leased industrial space, and an expansion area creates a varied property configuration at a single address.
A separate cement pad is ready for development and has sewer, electricity, and water hookups in place. The combination of residential improvements, leased industrial space, and an expansion area creates a varied property configuration at a single address.
Key Highlights
- C2 zoning at 1118 Grand Caillou Rd, Houma, LA 70363
- Industrial building is about 3600 SQ FT
- Front house is approximately 1000 SQ FT
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
$24,840
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
6.23%
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%
$496,800
$496.8K
Cap Rate 7%
$354,857
$354.9K
Cap Rate 9%
$276,000
$276.0K
Market Conditions
NOI Build-Up for 3,600 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
$43.2K $12.00/SF
− Vacancy
−$3.5K −$0.96/SF
EGI
$39.7K $11.04/SF
− OpEx
−$14.9K −$4.14/SF
NOI
$24.8K $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%
$496,800
Cap Rate 7%
$354,857
Cap Rate 9%
$276,000
Alternative Uses
Best Use
Mixed Use
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$336.3K
$294.3K – $392.4K
NOI $23,542 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property combines residential improvements, an industrial building, and a utility-served pad for future construction.
Where is this mixed-use property located?
The property is located at 1118 Grand Caillou Rd Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: C2 zoning at 1118 Grand Caillou Rd, Houma, LA 70363; Industrial building is about 3600 SQ FT; Front house is approximately 1000 SQ FT
