Freestanding Multi-Suite
For Sale
$875,000
1303 Grand Caillou Road, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size5,150 SF
Lot Size1.29 Acres
Price / SF$169.90
Days on Market251
Property Features for 1303 Grand Caillou Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Pole Sign
Subdivision
Magnolia Park
Lot features
Additional Land Lot, Corner Lot, Additional Land Lot, Corner Lot
Standard status
Active
Size
5,150 SF
Lot size
1.29 Acres
Taxes and HOA fees
Tax Description
LOTS 44,45,46,47 & 48 BLOCK 2 MAGNOLIA PARK SUBEDIVISION
Legal Description
LOTS 44,45,46,47 & 48 BLOCK 2 MAGNOLIA PARK SUBEDIVISION
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Brick, Metal Const
Roof type
Built-Up, Metal
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
(985) 872-0444
Listed By:
Sheila Oncale
(985) 790-4904
Added: Dec 15, 2025
Changed: Aug 20
Last Checked: Aug 23 at 3:06AM
MLS# 2025022459
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 5,150-square-foot freestanding commercial building contains four separate suites with open layouts, large street-facing windows, and individual single- or double-door entrances. The property is currently 50% occupied, with existing uses that include a notary office and a Mexican restaurant. Recent improvements include painted interior and exterior surfaces. Central heating and central air serve the building, which has brick and metal construction, built-up and metal roofing, a parking lot, and a street-side pole sign.
The property occupies 1.29 acres at the signalized intersection of Grand Caillou Road, also identified as Hwy. 57, and a side street. Clear street frontage and dual access support visibility and convenient entry. The rear portion includes an additional 120' x 183' area. Public water and public sewer serve the site, with natural gas available. Nearby uses include retail, hospitality, and restaurants, while Houma-Terrebonne Airport, Port of Terrebonne, and Leonard J. Chabert Medical Center are a short distance away.
The property occupies 1.29 acres at the signalized intersection of Grand Caillou Road, also identified as Hwy. 57, and a side street. Clear street frontage and dual access support visibility and convenient entry. The rear portion includes an additional 120' x 183' area. Public water and public sewer serve the site, with natural gas available. Nearby uses include retail, hospitality, and restaurants, while Houma-Terrebonne Airport, Port of Terrebonne, and Leonard J. Chabert Medical Center are a short distance away.
Key Highlights
- 5,150‑square‑foot freestanding building with 4 separate suites
- Currently 50% occupied with market rents
- 1.29‑acre site at a signalized corner on Grand Caillou Road (Hwy. 57)
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
$49,576
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
5.67%
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%
$991,520
$991.5K
Cap Rate 7%
$708,229
$708.2K
Cap Rate 9%
$550,844
$550.8K
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
$74.2K $14.40/SF
− Vacancy
−$3.3K −$0.65/SF
EGI
$70.8K $13.75/SF
− OpEx
−$21.2K −$4.13/SF
NOI
$49.6K $9.63/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$991,520
Cap Rate 7%
$708,229
Cap Rate 9%
$550,844
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,719 @ 7.0% cap · market cap 9.23%
Second Best
Retail
$708.2K
$619.7K – $826.3K
NOI $49,576 @ 7.0% cap · market cap 5.67%
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
Property Profile
Current Use
Lease Details
4
Office units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Signalized-corner commercial building with flexible open layouts, customer parking, and access from Grand Caillou Road and a side street.
Where is this storefront property located?
The property is located at 1303 Grand Caillou Road 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: 5,150‑square‑foot freestanding building with 4 separate suites; Currently 50% occupied with market rents; 1.29‑acre site at a signalized corner on Grand Caillou Road (Hwy. 57)
