Listing Agency: Keller Williams Realty Bayou Partners

Listed By: Michelle Parsons · License #18238 Show Phone

Source: Lacdb.resimplifi

Added: Jan 27, 2025 Changed: Oct 8 Last Checked: Oct 16 at 5:40AM

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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 / Yr

$26,243

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$524,860 $524.9K

Cap Rate 7%

$374,900 $374.9K

Cap Rate 9%

$291,589 $291.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,361 SF

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 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 (±1% cap)

NOI $52,679 @ 7.0% cap · market cap 17.56%

Second Best

Warehouse

$374.9K

$328.0K – $437.4K (±1% cap)

NOI $26,243 @ 7.0% cap · market cap 8.75%

Theoretical Best

Office A

$926.5K

$810.7K – $1.08M (±1% cap)

NOI $64,854 @ 7.0% cap · market cap 21.62%

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

Property Analytics

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Current Use

Bailey Industries General Contractor

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Spa & Massage Center HVAC Service Parking Lot & Garage

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

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Similar Off Market Nearby

• Eastside Storage — 1796 grand caillou rd, houma, la 70363
• Houma Lock Storage & RV Park — 1796 Grand Caillou Rd, Houma, LA 70363
• Good Earth Storage — 2102 Industrial Blvd, Houma, LA 70363
• Houma Plaza Storage — 960 Grand Caillou Rd # D, Houma, LA 70363
• Tarpon Marine — 855 Blimp Rd, Houma, LA 70363

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 $300,000.

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)