HVAC-Conditioned Industrial
New
For Sale
$3,100,000
130 Equity Boulevard, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size28,091 SF
Lot Size2.20 Acres
Price / SF$110.36
Days on Market6
Property Features for 130 Equity Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1
Parking
16
Parking features
Secured
Security features
Security System
Exterior features
Stabilized Yard Base
Subdivision
Sugar Pointe Industrial Park
Directions
From Highway 311 turn onto Equity, building on on the left
Standard status
Active
Size
28,091 SF
Lot size
2.20 Acres
Taxes and HOA fees
Tax Description
Lots 4 & 5, Block 1 Sugar Pointe Industrial Park
Legal Description
Lots 4 & 5, Block 1 Sugar Pointe Industrial Park
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete, Tile - Ceramic
Building materials
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: Sep 1
Changed: Sep 5
Last Checked: Sep 6 at 7:06AM
MLS# 2026016296
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 offering comprises two metal-construction warehouse buildings totaling approximately 28,091 square feet on approximately 2.2 acres. The enclosed shop and warehouse areas are fully HVAC-conditioned, with central heating and central air. Improvements include two 10-ton overhead cranes, two 1/2-ton jib cranes, compressed-air equipment, concrete and ceramic tile flooring, a metal roof, and a stabilized yard base. The property also includes secured parking, public water, and public sewer.
The facilities support equipment servicing, storage, and offshore-support operations for Frank's International, LLC, an Expro company. The lease has been extended through April 30, 2030, with contractual base rent scheduled to increase approximately 3% annually 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 facilities support equipment servicing, storage, and offshore-support operations for Frank's International, LLC, an Expro company. The lease has been extended through April 30, 2030, with contractual base rent scheduled to increase approximately 3% annually 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
- Two warehouse buildings totaling approximately 28,091 SF GBA on approximately 2.2 acres
- 100% HVAC‑conditioned enclosed shop and warehouse areas
- Two 10‑ton overhead cranes and two 1/2‑ton jib cranes
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
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two complementary warehouse buildings offer secured grounds, climate-controlled shop space, and specialized industrial equipment infrastructure.
Where is this warehouse located?
The property is located at 130 Equity Boulevard 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: Two warehouse buildings totaling approximately 28,091 SF GBA on approximately 2.2 acres; 100% HVAC‑conditioned enclosed shop and warehouse areas; Two 10‑ton overhead cranes and two 1/2‑ton jib cranes
