Renovated Live-Work
New
For Sale
$229,900
1120 Lafayette St, Houma, LA 70360
A flexible interior combines office suites, a full bath, a kitchen, and an outdoor living area.
Property Size2,113 SF
Price / SF$108.80
Days on Market4
Property Features for 1120 Lafayette St
General Information
Standard status
Active
Size
2,113 SF
Additional Details
Office Units
4
Amenities
kitchen/break room
outdoor living space
Building Details
Year Built
1950
Year Renovated
2022
Listing Agency:
Boyd Realtors, LLC
Listed By:
Kristen Young-Boyd, Delisha Boyd
Source:
Dominionplace
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 9:13PM
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 Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
At 2,113 square feet, this renovated property offers a reception area, a primary suite with a full bath, and four additional office suites. A separate half-bath and a kitchen equipped for meal preparation or break-room use round out the interior. The layout also includes a dining area that can serve as additional waiting space, along with an outdoor living area. Plumbing, electrical systems, bathrooms, and living areas have been updated, and the metal roof dates to 2022.
Located at 1120 Lafayette St in Houma, the property has private on-site parking. Its mix of office space and residential features supports a live-work arrangement or separate business and living functions.
Located at 1120 Lafayette St in Houma, the property has private on-site parking. Its mix of office space and residential features supports a live-work arrangement or separate business and living functions.
Key Highlights
- 2,113 square feet with a reception area, primary suite, and four additional office suites
- Renovated plumbing, electrical, bathrooms, and living areas
- Metal roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,580
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,600
$291.6K
Cap Rate 7%
$208,286
$208.3K
Cap Rate 9%
$162,000
$162.0K
Market Conditions
NOI Build-Up for 2,113 SF
Gross rent
$25.4K $12.00/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$23.3K $11.04/SF
− OpEx
−$8.7K −$4.14/SF
NOI
$14.6K $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 Rate 5%
$291,600
Cap Rate 7%
$208,286
Cap Rate 9%
$162,000
Alternative Uses
Best Use
Office B
$473.1K
$414.0K – $552.0K
NOI $33,118 @ 7.0% cap · market cap 14.41%
Second Best
Mixed Use
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$582.5K
$509.7K – $679.5K
NOI $40,772 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,386
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - A flexible interior combines office suites, a full bath, a kitchen, and an outdoor living area.
Where is this live-work space located?
The property is located at 1120 Lafayette St Houma, LA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 2,113 square feet with a reception area, primary suite, and four additional office suites; Renovated plumbing, electrical, bathrooms, and living areas; Metal roof installed in 2022
