Medical Office
New
For Sale
$1,500,000
116 N VAN Avenue, Houma, LA 70363
New construction offers adaptable space for professional or medical use at a hard-corner location.
Property Size3,600 SF
Price / SF$416.67
Days on Market6
Property Features for 116 N VAN Avenue
General Information
Standard status
Active
Size
3,600 SF
Building Details
Building Size
3,600 SF
Year Built
2026
Buildings
1
Listing Agency:
Southeast Commercial of MS, LLC
Listed By:
Matthew Eaton · License #000072493
(504) 339-2136
Source:
Talbot-realty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 23 at 3:24AM
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 of MS, LLC
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Investment Insights
Based on property information with market context.
This 3,600-square-foot medical office building was constructed in 2026 and is also suited to professional office use. Its hard-corner position in Houma provides a prominent site for a business seeking street exposure. The property is located at 116 N Van Avenue.
Key Highlights
- 3,600 SF commercial building
- Built in 2026
- Hard‑corner location in Houma
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
Healthcare Medical
$719.3K
$629.4K – $839.2K
NOI $50,350 @ 7.0% cap · market cap 3.36%
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Animal Kingdom Veterinary Hospital — 1123 Grand Caillou Rd, Houma, LA 70363
- Duet Brad DVM — 1123 Grand Caillou Rd, Houma, LA 70363
Frequently Asked Questions
What type of property is this?
Medical Office Space - New construction offers adaptable space for professional or medical use at a hard-corner location.
Where is this medical office space located?
The property is located at 116 N VAN Avenue 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: 3,600 SF commercial building; Built in 2026; Hard‑corner location in Houma
