Four-Suite Mixed-Use
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 Market312
Property Features for 1303 Grand Caillou Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Parking Lot
Lot features
Additional Land Available, Corner Lot
Standard status
Active
Size
5,150 SF
Lot size
1.29 Acres
Additional Details
Tenant in Place
Yes
Corner Location
Yes
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 Siding
Roof type
Metal, Built-Up
Buildings
1
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
(985) 872-0444
Listed By:
Sheila Oncale · License #18748
(985) 804-3208
Added: Dec 15, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2025022459
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,150-square-foot mixed-use building contains four suites, with large street-facing windows and open interiors. The property is currently 50% occupied. Recent painting refreshed the interior and exterior, and a pole sign is positioned along the street. On-site parking accommodates 20+ vehicles; central heating and air conditioning serve the building.
The 1.29-acre property sits at a signalized corner on Grand Caillou Road (Hwy. 57), with access from Grand Caillou Road and a side street. Additional land behind the building measures 120' x 183'. Retail, hospitality, and restaurant businesses are in the surrounding area. Houma-Terrebonne Airport, Port of Terrebonne, and Leonard J. Chabert Medical Center are a short distance away.
The 1.29-acre property sits at a signalized corner on Grand Caillou Road (Hwy. 57), with access from Grand Caillou Road and a side street. Additional land behind the building measures 120' x 183'. Retail, hospitality, and restaurant businesses are in the surrounding area. Houma-Terrebonne Airport, Port of Terrebonne, and Leonard J. Chabert Medical Center are a short distance away.
Key Highlights
- Four suites within a 5,150‑square‑foot building; currently 50% occupied
- 1.29‑acre property with additional rear land measuring 120' x 183'
- Signalized corner on Grand Caillou Road (Hwy. 57), with side‑street access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,676
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$1,593,520
Cap Rate 7%
$1,138,229
Cap Rate 9%
$885,289
Alternative Uses
Best Use
Specialty Retail
$1.14M
$996.0K – $1.33M
NOI $79,676 @ 7.0% cap · market cap 9.11%
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.
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Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Ollie's Bargain Outlet
Shops & Services
17,357 visits/mo
0.3 miles
Dollar General
Shops & Services
4,397 visits/mo
0.3 miles
Pizza Hut
Dining
2,970 visits/mo
0.3 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate suites have open interiors and can accommodate retail or office layouts.
Where is this mixed-use 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: Four suites within a 5,150‑square‑foot building; currently 50% occupied; 1.29‑acre property with additional rear land measuring 120' x 183'; Signalized corner on Grand Caillou Road (Hwy. 57), with side‑street access
