Self-Storage Portfolio with
For Sale
$785,000
Pending
126 N Hollywood, Houma, LA 70364
Commercial Sale, Houma, LA
Property Size8,538 SF
Lot Size3.00 Acres
Days on Market146
Property Features for 126 N Hollywood
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Exterior features
Storage, Pole Sign
Subdivision
Commerce Place
Directions
From West Park, North on Hollywood Rd.
Standard status
Pending
Size
8,538 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
Lots 5, 6 & 7 Commerce Place, Also Lot 2
Legal Description
Lots 5, 6 & 7 Commerce Place, Also Lot 2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Brick, Metal Const
Roof type
Metal
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Hank Babin · License #57860
(985) 804-9991
Added: Apr 27
Changed: Aug 19
Last Checked: Sep 19 at 1:06AM
MLS# 2026007748
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.
Investment Insights
Based on property information with market context.
This 3-acre commercial portfolio in Houma includes a self-storage operation, an office/shop building, multiple storage structures, and a bar/lounge. The improvements total 8,538 square feet and include approximately 4,750 square feet of office and shop space plus approximately 3,788 square feet at the bar/lounge. Storage configurations range from compact units to larger spaces, with block and metal construction, metal roofing, concrete flooring, central heating, ceiling fans, and a parking lot.
The properties are located at 124, 126, and 126 1/2 N. Hollywood Road and are zoned C-2 General Commercial. Public water and sewer serve the site, and natural gas is available. The portfolio includes three parcels, with the storage facility at 126 1/2 N. Hollywood and the bar/lounge at 126 N. Hollywood.
The properties are located at 124, 126, and 126 1/2 N. Hollywood Road and are zoned C-2 General Commercial. Public water and sewer serve the site, and natural gas is available. The portfolio includes three parcels, with the storage facility at 126 1/2 N. Hollywood and the bar/lounge at 126 N. Hollywood.
Key Highlights
- 3‑acre portfolio spanning 124, 126, and 126 1/2 N. Hollywood Road
- 8,538 SF of combined improvements
- Self‑storage inventory includes units ranging from 6' x 12' to 20' x 20'
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Three-parcel commercial offering combines storage buildings with an existing bar/lounge and C-2 General Commercial zoning.
Where is this self storage facility located?
The property is located at 126 N Hollywood 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: 3‑acre portfolio spanning 124, 126, and 126 1/2 N. Hollywood Road; 8,538 SF of combined improvements; Self‑storage inventory includes units ranging from 6' x 12' to 20' x 20'
