Renovated Flex Building with
For Sale
$295,000
160 & 162 N Hollywood Rd, Houma, LA 70364
C2-zoned flex property combines refreshed office areas, warehouse space, and fenced parking improvements.
Property Size3,750 SF
Price / SF$78.67
Days on Market57
Property Features for 160 & 162 N Hollywood Rd
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Industrial
Zoning
C2
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
2,250 SF
Office Build-Out
1,500 SF
Mezzanine
1,500 SF
Additional Details
Gross Income
$7,800
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Heck Realty
Listed By:
Mike Heck · License #35214
(985) 688-8787
Source:
Lacdb.resimplifi
Added: Aug 21
Changed: Oct 4
Last Checked: Oct 16 at 5:39AM
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 Heck Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 1,500 square feet of office space alongside a 2,250-square-foot warehouse. The office component includes four offices, a conference room, breakroom, and bathroom, while the warehouse is served by two overhead doors. A 1,500-square-foot loft is positioned above the offices. Interior and exterior updates include new flooring and fresh paint, with the building originally constructed in 1979.
The property is located on North Hollywood Road near Alma Street and includes a concrete parking pad plus limestone parking areas. Fencing extends along both sides and the rear of 160 North Hollywood Road. The adjacent parcel at 162 North Hollywood Road is a fully fenced limestone parking lot measuring 100 feet by 144 feet, or 14,400 square feet. The property is zoned C2 and is offered for sale, with the owner also willing to lease the building.
The property is located on North Hollywood Road near Alma Street and includes a concrete parking pad plus limestone parking areas. Fencing extends along both sides and the rear of 160 North Hollywood Road. The adjacent parcel at 162 North Hollywood Road is a fully fenced limestone parking lot measuring 100 feet by 144 feet, or 14,400 square feet. The property is zoned C2 and is offered for sale, with the owner also willing to lease the building.
Key Highlights
- Approximately 1,500 square feet of office space with 4 offices, conference room, breakroom, and bathroom
- 2,250‑square‑foot warehouse with 2 overhead doors
- 1,500‑square‑foot loft above the offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,114
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,280
$482.3K
Cap Rate 7%
$344,486
$344.5K
Cap Rate 9%
$267,933
$267.9K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$35.6K $9.48/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$34.4K $9.19/SF
− OpEx
−$10.3K −$2.76/SF
NOI
$24.1K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,280
Cap Rate 7%
$344,486
Cap Rate 9%
$267,933
Alternative Uses
Best Use
Office B
$839.7K
$734.7K – $979.6K
NOI $58,776 @ 7.0% cap · market cap 19.92%
Second Best
Flex RnD
$491.4K
$430.0K – $573.3K
NOI $34,398 @ 7.0% cap · market cap 11.66%
Theoretical Best
Office A
$1.03M
$904.5K – $1.21M
NOI $72,360 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Trinity Catering Inc — 219 Corporate Dr, Houma, LA 70360
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned flex property combines refreshed office areas, warehouse space, and fenced parking improvements.
Where is this flex space located?
The property is located at 160 & 162 N Hollywood Rd Houma, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of office space with 4 offices, conference room, breakroom, and bathroom; 2,250‑square‑foot warehouse with 2 overhead doors; 1,500‑square‑foot loft above the offices
