Self-Storage and Bar
For Sale
$785,000
Pending
126 N Hollywood Rd, Houma, LA 70360
Portfolio includes multiple self-storage buildings plus a brick bar/lounge, all within a C-2 General Commercial zoning district.
Property Size8,538 SF
Days on Market132
Property Features for 126 N Hollywood Rd
General Information
Standard status
Pending
Size
8,538 SF
Zoning
C-2
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Hank Babin · License #57860
(985) 804-9991
Source:
Exprealty
Added: Apr 27
Changed: Aug 21
Last Checked: Sep 5 at 11:06AM
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
Investment Insights
Based on property information with market context.
This for-sale portfolio includes three parcels totaling a mix of stabilized income and value-add potential, zoned C-2 General Commercial. The self-storage component features multiple cinder block and metal roof structures with unit mix across several building types, including an office/shop building and three additional storage buildings. Building configurations include 9 units (10' x 10', 10' x 15', and 6' x 12'), 40+ years cinder block storage with 19 units (including 20' x 20', 6' x 12', 10' x 25', and 10' x 20' dimensions), plus additional unit layouts in Buildings W and O totaling 45 units.
The offering also includes a bar/lounge structure with brick exterior and a metal roof. The bar/lounge is identified as 126 N. Hollywood with approximately 3,788 SF, and the remainder of the portfolio includes a vacant lot as part of the three-parcel assemblage. Financials and rent roll are available with an executed NDA.
The offering also includes a bar/lounge structure with brick exterior and a metal roof. The bar/lounge is identified as 126 N. Hollywood with approximately 3,788 SF, and the remainder of the portfolio includes a vacant lot as part of the three-parcel assemblage. Financials and rent roll are available with an executed NDA.
Key Highlights
- Three‑parcel portfolio in Houma, LA: 124, 126, and 126½ N. Hollywood Road, all zoned C‑2 General Commercial.
- Self‑storage facility includes multiple buildings and unit sizes, with 9 units in Building A plus 40+ years cinder‑block construction.
- Building A has approximately 4,750 SF office/shop: 1,000 SF office and 3,750 SF shop, plus cinder block construction and metal roof.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,320
$1.3M
Cap Rate 7%
$952,371
$952.4K
Cap Rate 9%
$740,733
$740.7K
Market Conditions
NOI Build-Up for 8,538 SF
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.
Gross rent
$80.9K $9.48/SF
− Vacancy
−$2.5K −$0.29/SF
EGI
$78.4K $9.19/SF
− OpEx
−$11.8K −$1.38/SF
NOI
$66.7K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,320
Cap Rate 7%
$952,371
Cap Rate 9%
$740,733
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,091 @ 7.0% cap · market cap 16.83%
Second Best
Self Storage
$1.04M
$912.2K – $1.22M
NOI $72,974 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,749 @ 7.0% cap · market cap 20.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Portfolio includes multiple self-storage buildings plus a brick bar/lounge, all within a C-2 General Commercial zoning district.
Where is this self storage facility located?
The property is located at 126 N Hollywood Rd Houma, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Three‑parcel portfolio in Houma, LA: 124, 126, and 126½ N. Hollywood Road, all zoned C‑2 General Commercial.; Self‑storage facility includes multiple buildings and unit sizes, with 9 units in Building A plus 40+ years cinder‑block construction.; Building A has approximately 4,750 SF office/shop: 1,000 SF office and 3,750 SF shop, plus cinder block construction and metal roof.
