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    Houma Office/Flex Property For Sale Title is generated by Realmo AI

    1202 St Charles St, Houma, LA 70360

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    For Sale
    $704,000

    COMMERCIAL - Houma, LA

    Property size:
    6,458 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $109/SF
    Added:
    Jun 14, 2024
    Days on Market:
    716
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 1202 St Charles St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    15
    Exterior features
    Storage
    Standard status
    Active
    Size
    6,458 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    Tract 4 as Shown on Map Entitled, Survey of Redivision of Tracts 2, B & A-B-C-D-A on property belonging to James J. Buquet, Jr. Family located in Sect. 101, T17S-R17E.

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Brick, Metal Const
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Hank Babin
    Hank Babin

    Listing agent Hank Babin License #37498

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Jun 14, 2024

    MLS# 2024011461

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on St. Charles Avenue in Houma's central business corridor
    • Versatile office/flex space with +/-5,634 SF of office and +/-824 SF of warehouse/shop area
    • Zoned C2 - General Commercial, suitable for a wide range of businesses
    • Convenient access to commercial areas, residential workforce, and amenities
    • Ample parking with 15+ on‑site spaces and interior loading capability
    • Located in FEMA Flood Zone X, indicating low flood risk

    Overview

    Located along St. Charles Avenue in the central Houma business corridor, this +/-6,458 SF office/flex property offers a combination of professional office space and light industrial/shop capabilities. Situated on approximately 0.477 acres and zoned C2 - General Commercial, the property is suited for a range of service-based businesses requiring both administrative and operational space. The building features +/-5,634 SF of office space complemented by +/-824 SF of warehouse/shop area with overhead door access, along with additional interior loading capability. Its central location provides access to Houma's primary commercial corridors, residential workforce base, and supporting amenities, making it a hub for companies seeking efficiency, visibility, and accessibility. With 15+ on-site parking spaces and parish sewer, the property is located entirely within FEMA Flood Zone X. It presents a move-in ready opportunity for owner-users or investors targeting flexible commercial assets.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.742559
    Latitude
    29.592709

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    FAQs

    What type of property is this?
    Flex space - Versatile office/flex space in central Houma business corridor.
    Where is this flex space located?
    The property is located at 1202 St Charles St Houma, LA.
    What is the asking price?
    The asking price for this property is $704,000.
    What are key features of this property?
    This property features: Prime location on St. Charles Avenue in Houma's central business corridor; Versatile office/flex space with +/-5,634 SF of office and +/-824 SF of warehouse/shop area; Zoned C2 - General Commercial, suitable for a wide range of businesses
    (985) 804-9991
    We can help!
    Listing Contact
    Hank Babin
    Hank Babin
    Real Estate License ID: 37498
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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