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Intracoastal Access Commercial Property

1005 Saadi Street Houma, LA 70363

Claim this Listing
For Sale
$1,500,000

Remodeled office with warehouse space and Intracoastal access.

Type:Commercial/Industrial
Property size:
13,615 SF
Lot size:
3.50 Acres
Price / SF:
$110/SF
Added:
Jan 7, 2025
Days on Market:
551
Last Refresh:
Jun 27 at 2:24 pm

Property Features for 1005 Saadi Street

General Information

Standard status
Active
Size
13,615 SF
Lot size
3.50 Acres
Property subtype
Commercial/Industrial

Listing office Good Earth Realty, Inc.

Listing date Jan 7, 2025

Source Exitrealty

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 Good Earth Realty, Inc.


Investment Insights

Based on property information with market context.

This commercial property offers direct access to the Intracoastal near the Navigational Canal. The property includes a main office building that has been recently remodeled, providing ample warehouse and work area. The main building features seven offices, along with a large area previously used as a training room, which could serve as a conference room. An additional ten offices are located off of the warehouse. The property is bulk headed for large vessels and includes some stabilized yard space. With approximately 500 feet along the Intracoastal and Saadi Street, the property provides plenty of parking and available yard space. The total property size is 13615 square feet. The sale price includes 1005, 1001, 1007, 1011, and 1013 Saadi Street.

Key Highlights

  • Direct Intracoastal access near Navigational Canal.
  • Bulk headed for large vessels.
  • Appx. 500 FT along the Intracoastal and Saadi St.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $196.1k $14.40
− Vacancy −$3.9k −$0.29
EGI $192.1k $14.11
− OpEx −$67.2k −$4.94
NOI $124.9k $9.17
13,615 SF · lease $14.40/SF/yr · vacancy 2.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$1.78M
$1.56M – $2.08M (±1% cap)
NOI $124,888 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$1.52M
$1.33M – $1.77M (±1% cap)
NOI $106,309 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M (±1% cap)
NOI $262,715 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Hair Salon Bakery Storage Facility Skin Care Clinic Garden Center Grocery & Convenience Store Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Remodeled office with warehouse space and Intracoastal access.
Where is this flex space located?
The property is located at 1005 Saadi Street 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: Direct Intracoastal access near Navigational Canal.; Bulk headed for large vessels.; Appx. 500 FT along the Intracoastal and Saadi St.
Contact an agent
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