Corner Office
116 N VAN AVE, Houma, LA 70363
For Sale
Contact for pricing
New construction offers space for professional or medical occupancy.
Property Size3,600 SF
Price / SF$416.67
Days on Market23
Property Features for 116 N VAN AVE
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Southeast Commercial Real Estate
Listed By:
Martin O. Miller III · License LA #0000021994
(504) 616-5700
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 2:55PM
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 Southeast Commercial Real Estate
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Investment Insights
Based on property information with market context.
This newly constructed office property contains 3,600 square feet and occupies a hard-corner site. The space is identified as suitable for professional office or medical use.
Located at 116 N Van Ave in Houma, the property has exposure to approximately 34,000 vehicles per day.
Located at 116 N Van Ave in Houma, the property has exposure to approximately 34,000 vehicles per day.
Key Highlights
- Newly constructed 3,600‑square‑foot office building
- Hard‑corner location at 116 N Van Ave in Houma
- Approximately 34,000 vehicles pass daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,425
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,128,500
$1.1M
Cap Rate 7%
$806,071
$806.1K
Cap Rate 9%
$626,944
$626.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$97.2K $27.00/SF
− Vacancy
−$22.0K −$6.10/SF
EGI
$75.2K $20.90/SF
− OpEx
−$18.8K −$5.22/SF
NOI
$56.4K $15.67/SF
Area
Terrebonne County, LA
Vacancy
22.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,128,500
Cap Rate 7%
$806,071
Cap Rate 9%
$626,944
Alternative Uses
Best Use
Office B
$806.1K
$705.3K – $940.4K
NOI $56,425 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
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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
$143,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Houma, LA
Properties on Market for Office buildings in Houma
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - New construction offers space for professional or medical occupancy.
Where is this office building located?
The property is located at 116 N VAN AVE Houma, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Newly constructed 3,600‑square‑foot office building; Hard‑corner location at 116 N Van Ave in Houma; Approximately 34,000 vehicles pass daily
