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 Market11
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
(985) 688-8787
Listed By:
Mike Heck · License #35214
(985) 688-8787
Source:
Lacdb.resimplifi
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 1:13PM
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
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 = 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
$24,114
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
8.17%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
