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    116 Citiplace Dr Houma, LA

    For Sale
    $345,477

    Prime commercial land for development in high-traffic retail area.

    Property size:
    20,938 SF
    Lot size:
    3.87 Acres

    Property Features for 116 Citiplace Dr

    General Information

    Size
    20,938 SF
    Lot size
    3.87 Acres

    Source: Southeast Commercial Real Estate Agent Matt Eaton CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Retail Corridor

    This property is a proposed new commercial development located on Houma’s main retail corridor, across the street from Walk On’s and adjacent to Regions Bank, at the corner of Citiplace Drive and MLK Blvd. Nearby are Synergy Bank's Main Office, Rouses Grocery Store, Sam’s Club, Wal-Mart, and Lowe's. Zoned C-2 Commercial, the developer will break ground once a lease for the majority of the space is executed. The location is ideal for a standalone restaurant or fast food drive-thru restaurant, with a traffic count of over 30,000 cars daily. The listing includes three lots that can be purchased individually or as one: Lot #1 is 20,938 sq.ft., Lot #2 is 19,583 sq.ft., and Lot #3 is 19,500 sq.ft.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7195348
    Latitude
    29.5957696

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for development in high-traffic retail area.
    Where is this commercial land located?
    The property is located at 116 Citiplace Dr Houma, LA.
    What is the asking price?
    The asking price for this property is $345,477.
    What are key features of this property?
    This property features: - Prime commercial development location on Houma's main retail corridor with high traffic count (30,000+ cars daily).; - Zoned C-2 Commercial, ideal for a standalone restaurant or fast food drive-thru.; - Located across the street from Walk On’s and adjacent to Regions Bank.
    (504) 339-2136
    Request Owner's contact information
    116 Citiplace Dr Houma, LA
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    Houma, LA
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Citiplace Dr Houma, LA
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