Signalized Corner Endcap Retail
For Sale
$875,000
1303 Grand Caillou Rd, Houma, LA 70363
Endcap suite with large front windows, double-door entry, and ample parking for retail or office use.
Property Size5,150 SF
Price / SF$169.90
Days on Market82
Property Features for 1303 Grand Caillou Rd
General Information
Standard status
Active
Size
5,150 SF
Total Parking Spaces
20
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
Listed By:
Sheila Oncale · License #LA18748
(985) 790-4904
Source:
Smithsquared
Added: Jul 4
Changed: Sep 14
Last Checked: Sep 22 at 7:05PM
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 COLDWELL BANKER LARUSSA REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale endcap suite offers an open layout designed to support a range of retail or office concepts. Suite 1303 is set up with large front-facing windows and a double-door entry, providing a straightforward customer or client flow from the street. Street-side visibility is enhanced with a pole sign, and the unit includes a separate meter for water and electricity, with tenant responsibility for waste management/sewerage.
The property is located at 1303 Grand Caillou Rd at a signalized corner, with clear street frontage on Grand Caillou Rd as well as access from a side street. Ample onsite parking is available to accommodate 20+ vehicles. The surrounding area includes retail, hospitality, and restaurants, supporting a mixed commercial environment.
Current occupancy includes professional office use for Notary and a Mexican Restaurant, which speaks to the suite’s flexibility for service-based tenants. The endcap configuration and prominent storefront glazing can be useful for concepts that benefit from walk-up presence and straightforward exterior access. Viewing requires contacting the listing agent and allowing 24 hours for scheduled appointments, as tenants are on-site.
The property is located at 1303 Grand Caillou Rd at a signalized corner, with clear street frontage on Grand Caillou Rd as well as access from a side street. Ample onsite parking is available to accommodate 20+ vehicles. The surrounding area includes retail, hospitality, and restaurants, supporting a mixed commercial environment.
Current occupancy includes professional office use for Notary and a Mexican Restaurant, which speaks to the suite’s flexibility for service-based tenants. The endcap configuration and prominent storefront glazing can be useful for concepts that benefit from walk-up presence and straightforward exterior access. Viewing requires contacting the listing agent and allowing 24 hours for scheduled appointments, as tenants are on-site.
Key Highlights
- Suite 1303 at 1303 Grand Caillou Rd, 1,650 SF endcap suite with large front‑facing windows
- Double‑door entry with open layout suited for a range of retail or office concepts
- Located on signalized corner along Grand Caillou Rd (Hwy. 57) with clear street frontage and access from a side street
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
$79,676
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
9.11%
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%
$1,593,520
$1.6M
Cap Rate 7%
$1,138,229
$1.1M
Cap Rate 9%
$885,289
$885.3K
Market Conditions
NOI Build-Up for 5,150 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
$111.2K $21.60/SF
− Vacancy
−$5.0K −$0.97/SF
EGI
$106.2K $20.63/SF
− OpEx
−$26.6K −$5.16/SF
NOI
$79.7K $15.47/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,593,520
Cap Rate 7%
$1,138,229
Cap Rate 9%
$885,289
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,719 @ 7.0% cap · market cap 9.23%
Second Best
Specialty Retail
$1.14M
$996.0K – $1.33M
NOI $79,676 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,374 @ 7.0% cap · market cap 11.36%
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
615
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Endcap suite with large front windows, double-door entry, and ample parking for retail or office use.
Where is this storefront property located?
The property is located at 1303 Grand Caillou Rd Houma, LA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Suite 1303 at 1303 Grand Caillou Rd, 1,650 SF endcap suite with large front‑facing windows; Double‑door entry with open layout suited for a range of retail or office concepts; Located on signalized corner along Grand Caillou Rd (Hwy. 57) with clear street frontage and access from a side street
