Medical Office Building with Surgical
For Sale
$3,800,000
166 CORPORATE DRIVE, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size10,853 SF
Lot Size1.12 Acres
Price / SF$350.13
Days on Market537
Property Features for 166 CORPORATE DRIVE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
39
Directions
From West Tunnel Blvd. left onto Corporate Drive, building on right.
Standard status
Active
APN
59089
Size
10,853 SF
Lot size
1.12 Acres
Additional Details
Property Use
Medical Office
Medical Specialty
breast cancer, mammography, surgery
Taxes and HOA fees
Tax Description
Tract 5-A (Redivision) Block 4, Adden. No. 1, Corporate Acres Subdivision
Legal Description
Tract 5-A (Redivision) Block 4, Adden. No. 1, Corporate Acres Subdivision
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Amenities
covered drop off/pick up area
waiting area
business center
break room
lockers
shower
Building Details
Year built
2008
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl, Concrete, Carpet
Building materials
Brick, Metal Siding
Roof type
Rubber, Metal
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Hank Babin · License #57860
(985) 262-4400
Added: May 6, 2025
Changed: Oct 23
Last Checked: Oct 24 at 2:06PM
MLS# 2025008292
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,853-square-foot medical office building was constructed in 2008 and occupies 1.12 acres. Its clinical layout includes treatment and examination rooms, two physician offices, a mammography suite, preoperative and recovery areas, and an operating room. Additional spaces include reception and waiting areas, administrative offices, staff dressing rooms, a laundry room, and supply storage. The steel-frame, non-combustible structure has an automatic sprinkler system and fire alarm. Portions of the building are configured to support a potential 6,843-square-foot second floor, including an elevator.
The property is on Corporate Drive between Tunnel Boulevard and Hollywood Road, near the Martin Luther King retail corridor and an expanding medical area. There are 39 parking spaces, including four accessible spaces. Online mapping places the building in FEMA Flood Zone X; a small part of the parking lot is in Zone AE (El 6).
The property is on Corporate Drive between Tunnel Boulevard and Hollywood Road, near the Martin Luther King retail corridor and an expanding medical area. There are 39 parking spaces, including four accessible spaces. Online mapping places the building in FEMA Flood Zone X; a small part of the parking lot is in Zone AE (El 6).
Key Highlights
- 10,853 SF medical office building on 1.12 acres
- Clinical areas include a mammography suite, four treatment/exam rooms, four additional exam rooms, and two doctor’s offices
- Surgical suite includes operating room, pre‑op and recovery areas, and capacity for 5 patients
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,104
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,402,080
$3.4M
Cap Rate 7%
$2,430,057
$2.4M
Cap Rate 9%
$1,890,044
$1.9M
Market Conditions
NOI Build-Up for 10,853 SF
Gross rent
$293.0K $27.00/SF
− Vacancy
−$66.2K −$6.10/SF
EGI
$226.8K $20.90/SF
− OpEx
−$56.7K −$5.22/SF
NOI
$170.1K $15.67/SF
Area
Terrebonne County, LA
Vacancy
22.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,402,080
Cap Rate 7%
$2,430,057
Cap Rate 9%
$1,890,044
Alternative Uses
Best Use
Office B
$2.43M
$2.13M – $2.84M
NOI $170,104 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$2.17M
$1.90M – $2.53M
NOI $151,790 @ 7.0% cap · market cap 3.99%
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 authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
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Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - One-story healthcare facility combines clinical rooms, preoperative and recovery areas, and a dedicated operating room.
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: 10,853 SF medical office building on 1.12 acres; Clinical areas include a mammography suite, four treatment/exam rooms, four additional exam rooms, and two doctor’s offices; Surgical suite includes operating room, pre‑op and recovery areas, and capacity for 5 patients
