Flex Warehouse with Roll-Up
For Sale
$300,000
1500 Grand Caillou Road, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size3,361 SF
Lot Size1.93 Acres
Price / SF$89.26
Days on Market573
Property Features for 1500 Grand Caillou Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Covered
Directions
At intersection of Grand Caillou Road & Moffet Road.
Subdivision
No Area
Standard status
Active
Size
3,361 SF
Lot size
1.93 Acres
Taxes and HOA fees
Tax Description
A tract containing 1.925 acres having a front of 194.80 on LA Highway 57 (Grand Caillou Road) as shown on plat plan for Cherokee Contractors, Inc. DBA Curt's Inland Marina located in Section 105, T17-S-R17E. CB 1844/643
Legal Description
A tract containing 1.925 acres having a front of 194.80 on LA Highway 57 (Grand Caillou Road) as shown on plat plan for Cherokee Contractors, Inc. DBA Curt's Inland Marina located in Section 105, T17-S-R17E. CB 1844/643
Utilities
Utilities
Natural Gas Available
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Metal Const
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Michelle Parsons · License #37498
(985) 226-3337
Added: Jan 27, 2025
Changed: Aug 19
Last Checked: Aug 23 at 9:06AM
MLS# 2025001771
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 for-sale flex property combines warehouse, office, and additional residential-style space. The building includes a storefront area, a 2410 square foot warehouse/office area with a kitchen, and a rear 951 square foot office/apartment featuring a full bathroom and kitchen area. There is also 1495 square feet of covered storage. The warehouse has 3 roll-up doors.
The site is located at the intersection of Grand Caillou and Moffet Road in Houma, Louisiana. The property includes approximately 1.925 acres with 194.80 feet of frontage on LA Highway 57 (Grand Caillou Road) and offers parking and area for 18-wheelers to load and unload. The property is sold as-is.
The site is located at the intersection of Grand Caillou and Moffet Road in Houma, Louisiana. The property includes approximately 1.925 acres with 194.80 feet of frontage on LA Highway 57 (Grand Caillou Road) and offers parking and area for 18-wheelers to load and unload. The property is sold as-is.
Key Highlights
- Intersection location on Grand Caillou & Moffet Road with 194.80 ft frontage on LA Highway 57 (Grand Caillou Road)
- Includes 2,410 SF warehouse/office with kitchen area and 3 warehouse roll‑up doors
- Rear 951 SF office/apartment with full bathroom and kitchen area
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
$26,243
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
8.75%
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%
$524,860
$524.9K
Cap Rate 7%
$374,900
$374.9K
Cap Rate 9%
$291,589
$291.6K
Market Conditions
NOI Build-Up for 3,361 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
$31.9K $9.48/SF
− Vacancy
−$988 −$0.29/SF
EGI
$30.9K $9.19/SF
− OpEx
−$4.6K −$1.38/SF
NOI
$26.2K $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%
$524,860
Cap Rate 7%
$374,900
Cap Rate 9%
$291,589
Alternative Uses
Best Use
Flex RnD
$440.4K
$385.4K – $513.8K
NOI $30,830 @ 7.0% cap · market cap 10.28%
Second Best
Warehouse
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$926.5K
$810.7K – $1.08M
NOI $64,854 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse includes 3 roll-up doors, a storefront area, covered storage, and a rear office/apartment with bathroom and kitchen.
Where is this flex space located?
The property is located at 1500 Grand Caillou Road Houma, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Intersection location on Grand Caillou & Moffet Road with 194.80 ft frontage on LA Highway 57 (Grand Caillou Road); Includes 2,410 SF warehouse/office with kitchen area and 3 warehouse roll‑up doors; Rear 951 SF office/apartment with full bathroom and kitchen area
