Industrial Flex Property with
For Sale
$399,000
217 N Hollywood Rd, Houma, LA 70364
Industrial flex building includes 10 offices and a shop area with chain-link fencing and highway access.
Property Size3,840 SF
Price / SF$103.91
Days on Market2630
Property Features for 217 N Hollywood Rd
General Information
Standard status
Active
Size
3,840 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Office Units
10
Listing Agency:
Good Earth Realty, Inc.
(985) 637-2255
Listed By:
Shirin Nail/ Cynthia Pellegrin · License #20592
(985) 637-2255
Source:
Exprealty
Added: Jun 11, 2019
Changed: Aug 20
Last Checked: Aug 21 at 9:15AM
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 industrial flex property is designed for operational needs and includes 10 offices plus a shop area. The site is chain-link fenced, and the property is described as having most of the acreage stabilized, which may support supply, trucking, or heavy equipment uses.
The property offers easy access to Highway 182, Highway 311, and Highway 90, supporting practical connectivity for service and logistics operations. The owner would consider a triple net lease.
For sale, the offering includes the office and shop improvements along with the fenced, stabilized acreage configuration suitable for established operational workflows.
The property offers easy access to Highway 182, Highway 311, and Highway 90, supporting practical connectivity for service and logistics operations. The owner would consider a triple net lease.
For sale, the offering includes the office and shop improvements along with the fenced, stabilized acreage configuration suitable for established operational workflows.
Key Highlights
- Industrial flex building with 10 offices and a shop area
- Chain‑link fenced property
- Easy access to Highway 182, Highway 311, and Highway 90
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
$35,224
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
8.83%
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%
$704,480
$704.5K
Cap Rate 7%
$503,200
$503.2K
Cap Rate 9%
$391,378
$391.4K
Market Conditions
NOI Build-Up for 3,840 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
$55.3K $14.40/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$54.2K $14.11/SF
− OpEx
−$19.0K −$4.94/SF
NOI
$35.2K $9.17/SF
Area
Terrebonne County, LA
Vacancy
2.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$704,480
Cap Rate 7%
$503,200
Cap Rate 9%
$391,378
Alternative Uses
Best Use
Office B
$859.8K
$752.3K – $1.00M
NOI $60,186 @ 7.0% cap · market cap 15.08%
Second Best
Flex RnD
$503.2K
$440.3K – $587.1K
NOI $35,224 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.06M
$926.2K – $1.23M
NOI $74,097 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building includes 10 offices and a shop area with chain-link fencing and highway access.
Where is this flex space located?
The property is located at 217 N Hollywood Rd Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Industrial flex building with 10 offices and a shop area; Chain‑link fenced property; Easy access to Highway 182, Highway 311, and Highway 90
