HVAC-Conditioned Industrial
For Sale
$3,100,000
130 Equity Blvd, Houma, LA 70360
Two-building industrial property with climate-controlled shop and warehouse areas.
Property Size28,091 SF
Lot Size2.20 Acres
Price / SF$110.36
Days on Market24
Property Features for 130 Equity Blvd
General Information
Standard status
Active
Size
28,091 SF
Lot size
2.20 Acres
Property subtype
Investment
Zoning
I1
Additional Details
Conditioned Warehouse
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Buildings
2
Listing Agency:
KW Commercial South
Listed By:
Logan "Hank" Babin, III, CRE
(985) 872-4598
Source:
Lacdb.resimplifi
Added: Sep 3
Changed: Sep 22
Last Checked: Sep 24 at 6:51AM
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 KW Commercial South
Investment Insights
Based on property information with market context.
This two-building warehouse property totals approximately 28,091 square feet of gross building area on approximately 2.2 acres in Sugar Pointe Industrial Park. Both facilities include enclosed shop and warehouse areas that are 100% HVAC-conditioned, supporting equipment servicing, storage, and industrial operations. Improvements include two 10-ton overhead cranes, two ½-ton jib cranes, compressed-air equipment, three-phase electrical service, natural gas, public sewer, and a secured concrete yard.
The property is located at 130 Equity Boulevard in Houma, Louisiana, with access from Highway 311 via Equity. Frank’s International, LLC, an Expro company, occupies the facilities, with operations at the location dating to 2008. The current lease extends through April 30, 2030, and provides for approximately 3% annual contractual base-rent increases through expiration. The tenant is responsible for real estate taxes, maintenance and repairs, and liability and fire insurance, while ownership remains responsible for property insurance.
The property is located at 130 Equity Boulevard in Houma, Louisiana, with access from Highway 311 via Equity. Frank’s International, LLC, an Expro company, occupies the facilities, with operations at the location dating to 2008. The current lease extends through April 30, 2030, and provides for approximately 3% annual contractual base-rent increases through expiration. The tenant is responsible for real estate taxes, maintenance and repairs, and liability and fire insurance, while ownership remains responsible for property insurance.
Key Highlights
- Approximately 28,091 SF of gross building area across two industrial facilities
- Approximately 2.2 acres with a secured concrete yard
- 100% HVAC‑conditioned enclosed shop and warehouse areas
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
$219,340
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
7.08%
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%
$4,386,800
$4.4M
Cap Rate 7%
$3,133,429
$3.1M
Cap Rate 9%
$2,437,111
$2.4M
Market Conditions
NOI Build-Up for 28,091 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
$266.3K $9.48/SF
− Vacancy
−$8.3K −$0.29/SF
EGI
$258.0K $9.19/SF
− OpEx
−$38.7K −$1.38/SF
NOI
$219.3K $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%
$4,386,800
Cap Rate 7%
$3,133,429
Cap Rate 9%
$2,437,111
Alternative Uses
Best Use
Warehouse
$3.13M
$2.74M – $3.66M
NOI $219,340 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.74M
$6.78M – $9.03M
NOI $542,044 @ 7.0% cap · market cap 17.49%
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
460
Businesses Nearby
Well-served
Demand for This Use
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
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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?
Warehouse - Two-building industrial property with climate-controlled shop and warehouse areas.
Where is this warehouse located?
The property is located at 130 Equity Blvd Houma, LA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Approximately 28,091 SF of gross building area across two industrial facilities; Approximately 2.2 acres with a secured concrete yard; 100% HVAC‑conditioned enclosed shop and warehouse areas
