Historic Office Building with
4084 Hwy 311, Houma, LA 70360
Updated office building with multiple offices, fireplaces, and modern roof.
Type:Commercial/Industrial
Property size:
10,715 SFPrice / SF:
$214/SF- Added:
- Oct 2, 2024
- Days on Market:
- 609
- Last Refresh:
- May 27 at 9:51 am
Property Features for 4084 Hwy 311
General Information
- Standard status
- Active
- Size
- 10,715 SF
- Property subtype
- Commercial/Industrial
Listing agent Hank Babin License #57860 (985) 804-9991
Listing office KELLER WILLIAMS REALTY BAYOU P (985) 804-9991
Listing date Oct 2, 2024
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 KELLER WILLIAMS REALTY BAYOU P
HighLights
- Daltile Perennial Porcelain tile roof installed in 2023 with a lifetime limited warranty.
- Main house features a grand 3‑level layout with a prominent staircase.
- Multiple executive offices, many with fireplaces, spread across the second level.
- Versatile third level with large offices, conference room, and bathrooms.
- Additional 2,200 SF office building/club house/guest quarters with offices, bathroom, and kitchen/breakroom.
- First level includes a reception area, lobby, offices, conference room, library, and bathroom.
Overview
This three-level main house features a grand staircase leading to the second level, which dominates the visual character of the building due to its size, shape, location, materials, and craftsmanship. The front windows and operable shutters complement the color contrast and symmetry of placement. The first level includes a reception area, lobby, two offices, a conference room, a library, a bathroom, and a mechanical room. The second level offers four executive offices, each with its own fireplace, two additional offices, an open bullpen office space or break area, a kitchen, one full bathroom, and one half bathroom. The third level contains three large offices, a conference room, and more bathrooms. In 2023, the main building was updated with a Daltile Perennial Porcelain tile roof to match the original style but with updated, modern materials. The color of the roof adds to the charm of the building and features a lifetime limited warranty (50 years of transferable coverage under conditions including, but not limited to, registering new ownership with Daltile within 60 days from purchase date). The property also has a 2,200 square foot office building, clubhouse, or guest quarters towards the rear with multiple offices, a full bathroom, and a kitchen or breakroom. The property size is 10,715 square feet.
Local Financial Insights For Office B
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 | $289.3k | $27.00 |
| − Vacancy | −$65.4k | −$6.10 |
| EGI | $223.9k | $20.90 |
| − OpEx | −$56.0k | −$5.22 |
| NOI | $167.9k | $15.67 |
10,715 SF · lease $27.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,942 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.45M
NOI $206,757 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.7879657
- Latitude
- 29.6147953
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Updated office building with multiple offices, fireplaces, and modern roof.
Where is this office building located?
The property is located at 4084 Hwy 311 Houma, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Daltile Perennial Porcelain tile roof installed in 2023 with a lifetime limited warranty.; Main house features a grand 3‑level layout with a prominent staircase.; Multiple executive offices, many with fireplaces, spread across the second level.
