Houma Medical Office Building For
166 Corporate Drive Houma, LA 70360
166 Corporate Drive, Houma, LA, 70360
$3,800,000
High-quality medical office building with treatment and exam rooms.
Property Size10,853 SF
Lot Size1.12 Acres
Price / SF$350.13
AddedMay 8, 2025
Days on Market433
Last RefreshJun 29 at 9:09 pm
Property Features for 166 Corporate Drive
General Information
- Standard status
- Active
- Size
- 10,853 SF
- Lot size
- 1.12 Acres
- Property subtype
- HC
Listing office KW Commercial | Houma/Thibodaux (985) 872-4597
Listing date May 8, 2025
Source Realnex
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 KW Commercial | Houma/Thibodaux
Investment Insights
Based on property information with market context.
This ambulatory healthcare building, formerly a Breast Cancer Center, is located at 166 Corporate Dr. in Houma. Constructed in 2008, the one-story, steel frame structure contains 10,853 SF of high-quality medical office space with treatment rooms, exam rooms, and an operating room. The roof is a 2 ply membrane covering steel beams and bar joists, and all construction is non-combustible. The building is protected by an automatic sprinkler fire protection system and fire alarm system. A covered drop-off/pick-up area leads to a large check-in and waiting area with two bathrooms. Behind the Receptionist Desk is a business/insurance center with built-ins and an Administrator’s Office. The Mammography Suite has its own waiting area, four treatment/exam rooms, a dressing room, and a separate bathroom. The Surgical Suite includes a Pre-Op and Recovery Room with Nurse’s Station, spaces for 5 patients, and another bathroom, plus a locked medicine room, sterile corridor, operating room, and an area for surgical instruments and supplies. A hallway provides access to separate men’s and women’s dressing rooms with private half baths, a shower, anesthesia workroom, and laundry room. The Back Hallway features two Doctor’s offices, four exam rooms, a nurse’s station, break room, two more bathrooms, supply rooms, and custom lockers for the staff. The 1.12-acre site on Corporate Dr., between Tunnel Blvd. and Hollywood Road, is near the Martin Luther King retail corridor and an expanding medical area. The building has a 1st Floor elevation of 8.0’. There are 39 parking spaces, including 35 typical spaces and four handicap spaces. The parking lot has subsurface drainage. An emergency generator powers the facility during power outages. Portions of the building are structured to allow for the future addition of a 6,843 SF 2nd Floor, including an elevator, for additional Doctor’s offices. According to online mapping, the entire building is in FEMA Flood Zone X, while a small portion of the parking lot is in Zone AE (El 6).
Key Highlights
- High‑quality, purpose‑built medical office building (10,853 SF) with specialized suites including Mammography and Surgical Suites, ready for immediate use.
- Potential for future expansion with structural provisions for a 6,843 SF second floor and elevator.
- Located in an expanding medical area near a retail corridor, offering accessibility and growth potential.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.5k | $25.20 |
| − Vacancy | −$20.5k | −$1.89 |
| EGI | $253.0k | $23.31 |
| − OpEx | −$101.2k | −$9.32 |
| NOI | $151.8k | $13.99 |
10,853 SF · lease $25.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.17M
$1.90M – $2.53M
NOI $151,790 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,419 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breast Cancer Center
Physician
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FAQs
What type of property is this?
Medical center - High-quality medical office building with treatment and exam rooms.
Where is this medical center located?
The property is located at 166 Corporate Drive Houma, LA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High‑quality, purpose‑built medical office building (10,853 SF) with specialized suites including Mammography and Surgical Suites, ready for immediate use.; Potential for future expansion with structural provisions for a 6,843 SF second floor and elevator.; Located in an expanding medical area near a retail corridor, offering accessibility and growth potential.
