Purpose-Built Medical Office
132 Valhi Lagoon Crossing Houma, LA 70360
132 Valhi Lagoon Crossing, Houma, LA, 70360
$895,000
For Sale
$895,000
COMMERCIAL - Houma, LA
Property Size5,487 SF
Lot Size1.26 Acres
Price / SF$163.11
Days on Market839
Property Features for 132 Valhi Lagoon Crossing
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking
- 22
- Parking features
- Parking Lot
- Security features
- Security System
- Exterior features
- Pole Sign
- Standard status
- Active
- Size
- 5,487 SF
- Lot size
- 1.26 Acres
Taxes and HOA fees
- Tax Description
- Lot C-1 containing 1.26 acres as shown on "Survey of Lot C-1 and Lot C-2, Revision of property belonging to Westgate Medical Properties, LLC, located in Section 102, T17S-R17E, Terrebonne Parish, LA"
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet - Full, Wood
- Building materials
- Brick, Frame
- Roof type
- Composition
Listing Agency
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
6273 W Park Avenue, Houma, LA
Listed by
Hank Babin · License #37498
(985) 804-9991
Added: Apr 1, 2024 Checked: Jul 18 at 3:06 am
MLS# 2024005435
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.
Located just off LA Highway 311 in Houma, this purpose-built office property at 132 Valhi Lagoon Crossing was originally designed for medical use and offers a flexible floor plan for a range of office applications. The well-maintained building was constructed in 2007 and was enhanced with a new roof after Hurricane Ida.
On-site improvements include a 33-space parking lot and a covered drop-off area. The property is equipped with modern building systems, including a 100 kW backup generator, along with secure key fob access.
The site is zoned C2 – General Commercial and is located entirely in FEMA Flood Zone X. The property is approximately 7.5 miles from U.S. Highway 90, noted as future I-49.
On-site improvements include a 33-space parking lot and a covered drop-off area. The property is equipped with modern building systems, including a 100 kW backup generator, along with secure key fob access.
The site is zoned C2 – General Commercial and is located entirely in FEMA Flood Zone X. The property is approximately 7.5 miles from U.S. Highway 90, noted as future I-49.
Key Highlights
- ±5,487 SF office building built in 2007 on 1.266 acres in Houma
- Originally designed for medical use with a flexible floor plan for medical, professional, or administrative users
- New roof post‑Ida plus central heating and central air
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.3k | $25.20 |
| − Vacancy | −$10.4k | −$1.89 |
| EGI | $127.9k | $23.31 |
| − OpEx | −$51.2k | −$9.32 |
| NOI | $76.7k | $13.99 |
5,487 SF · lease $25.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.43M
NOI $86,000 @ 7.0% cap · market cap 9.61%
Second Best
Healthcare Medical
$1.10M
$959.3K – $1.28M
NOI $76,741 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,877 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Performance Energy Services
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Dana Romano - Marcello Veterinary Hospital Houma — 323 Corporate Dr, Houma, LA 70360
- Hebert Neal J DVM — 208 Mystic Blvd, Houma, LA 70360
- Animal Kingdom Veterinary Hospital — 208 Mystic Blvd, Houma, LA 70360
- Walther Animal Clinic — 1205 St Charles St, Houma, LA 70360
- Duet Brad DVM — 208 Mystic Blvd, Houma, LA 70360
FAQs
What type of property is this?
Medical Office Space - Well-maintained 5,487 SF office building with flexible layout, 33 parking spaces, and key fob access.
Where is this medical office space located?
The property is located at 132 Valhi Lagoon Crossing Houma, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: ±5,487 SF office building built in 2007 on 1.266 acres in Houma; Originally designed for medical use with a flexible floor plan for medical, professional, or administrative users; New roof post‑Ida plus central heating and central air
