Listing Agency: Max J Derbes Inc

Listed By: Jack Quinn Show Phone

Source: Lacdb.resimplifi

Added: Mar 12, 2025 Changed: Oct 9 Last Checked: Oct 16 at 5:47AM

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Investment Insights

Based on property information with market context.

This retail property contains approximately 2,960 square feet within a 0.78-acre site. The improvements include a drive-through window, walk-in cooler, walk-in freezer, and a small covered outdoor patio. A surface parking lot provides approximately 50 spaces for customers and staff.

The property is located at 1236 Grand Caillou Road in Houma, Louisiana. C-2 zoning is identified for the site, adding a clear land-use designation to the existing retail improvements.

Key Highlights

• Approximately 2,960 square feet of retail space
• 0.78‑acre land area
• Drive‑through window and small covered outdoor patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,494

Suggested Prices Based on Cap Rates

Cap Rate 5%

$569,880 $569.9K

Cap Rate 7%

$407,057 $407.1K

Cap Rate 9%

$316,600 $316.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,960 SF

Gross rent

$42.6K $14.40/SF

− Vacancy

−$1.9K −$0.65/SF

EGI

$40.7K $13.75/SF

− OpEx

−$12.2K −$4.13/SF

NOI

$28.5K $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 Rate 5%

$569,880

Cap Rate 7%

$407,057

Cap Rate 9%

$316,600

Alternative Uses

Best Use

Retail

$407.1K

$356.2K – $474.9K (±1% cap)

NOI $28,494 @ 7.0% cap · market cap 158,300.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$815.9K

$714.0K – $951.9K (±1% cap)

NOI $57,116 @ 7.0% cap · market cap 317,311.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

dsfsefdsefsed Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

649

Businesses Nearby

41k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 91% Dining 7% Home Improvements & Furnishings 2%

Ollie's Bargain Outlet Shops & Services

17,357 visits/mo 0.1 miles

Dollar Tree Shops & Services

15,743 visits/mo 0.5 miles

Dollar General Shops & Services

4,397 visits/mo 0.2 miles

Pizza Hut Dining

2,970 visits/mo 0.2 miles

Affordable Home Furnishings Home Improvements & Furnishings

792 visits/mo 0.4 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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - C-2 zoning, covered patio, drive-through window, and surface parking support daily retail operations.

Where is this retail space located?

The property is located at 1236 grand caillou road Houma, LA.

What are key features of this property?

This property features: Approximately 2,960 square feet of retail space; 0.78‑acre land area; Drive‑through window and small covered outdoor patio