Warehouse with Office and
For Sale
Contact for pricing
1500 Grand Caillou Rd, Houma, LA 70363
Warehouse/office with covered storage on approximately 1.925 acres.
Property Size3,361 SF
Lot Size1.93 Acres
Price / SF$93.72
Days on Market1111
Property Features for 1500 Grand Caillou Rd
General Information
Standard status
Active
Size
3,361 SF
Lot size
1.93 Acres
Property subtype
Industrial
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty Bayou Partners
(985) 226-3337
Listed By:
Michelle Parsons · License #LA18238
Source:
Crexi
Added: Aug 18, 2023
Changed: Aug 21
Last Checked: Aug 31 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Bayou Partners
Investment Insights
Based on property information with market context.
This property, located at the intersection of Grand Caillou Road and Moffet Road, features a 2410 square foot warehouse/office space with a kitchen area. Additionally, there is a 951 square foot rear office/apartment that includes a full bathroom and kitchen area. The property also offers 1495 square feet of covered storage. The warehouse is equipped with three roll-up doors. Situated on approximately 1.925 acres, the property has approximately 194.80 feet of frontage on LA Highway 57, also known as Grand Caillou Road. Ample parking is available.
Key Highlights
- 1.925 Acres with 194.80 ft Frontage on LA Highway 57
- 2410 Sq Ft Warehouse/Office with Kitchen**
- Rear 951 Sq Ft Office/Apartment (Full Bathroom and Kitchen)
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
8.33%
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
Office B
$752.6K
$658.5K – $878.0K
NOI $52,679 @ 7.0% cap · market cap 16.72%
Second Best
Warehouse
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$926.5K
$810.7K – $1.08M
NOI $64,854 @ 7.0% cap · market cap 20.59%
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
Well-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?
Warehouse - Warehouse/office with covered storage on approximately 1.925 acres.
Where is this warehouse located?
The property is located at 1500 Grand Caillou Rd Houma, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1.925 Acres with **194.80 ft Frontage on LA Highway 57**; 2410 Sq Ft Warehouse/Office with Kitchen**; Rear 951 Sq Ft Office/Apartment (Full Bathroom and Kitchen)
