Ambulatory Medical Office
166 Corporate Drive Houma, LA 70360
For Sale
$3,800,000
COMMERCIAL - Houma, LA
Property Size10,853 SF
Lot Size1.12 Acres
Price / SF$350.13
Days on Market451
Property Features for 166 Corporate Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
Parking
39
Exterior features
Pole Sign
Accessibility
Accessible Approach with Ramp
Standard status
Active
Size
10,853 SF
Lot size
1.12 Acres
Taxes and HOA fees
Tax Description
Tract 5-A (Redivision) Block 4, Adden. No. 1, Corporate Acres Subdivision
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Building Details
Floors in Building
1
Flooring type
Concrete, Tile, Vinyl, Tile - Ceramic, Carpet - Full
Building materials
Brick, Metal Const
Roof type
Rubber, Metal
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Hank Babin · License #37498
(985) 804-9991
Added: May 6, 2025
Changed: Jul 11
Last Checked: Jul 30 at 8:06AM
MLS# 2025008292
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ambulatory healthcare building totals 10,853 SF and was constructed in 2008 as a one-story, steel frame facility. The layout includes treatment and exam rooms, a large check-in and waiting area with two bathrooms, and a business/insurance center with built-ins plus an administrator’s office. Clinical support space is built into the plan, including a mammography suite with 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 a nurse’s station, space for five patients, and an additional bathroom, along with a locked medicine room, sterile corridor, operating room, and areas for instruments and supplies. Additional patient and staff features include a hallway with separate men’s and women’s dressing rooms with private half baths, shower, anesthesia workroom, and laundry room. The back hallway supports day-to-day operations with doctor’s offices, exam rooms, nurse’s station, break room, multiple bathrooms, supply rooms, and custom staff lockers.
The site is 1.12 acres on Corporate Dr. between Tunnel Blvd. and Hollywood Road, with 39 total parking spaces including four handicap-accessible spaces. Covered drop-off/pick-up connects to the main check-in and waiting area. The entire building is described as being in FEMA Flood Zone X, with a small portion of the parking lot in Zone AE (El 6). Portions of the building are structured to support adding a 6,843 SF second floor in the future, including an elevator, for additional doctor’s offices—an option for expanding medical use.
The surgical suite includes a pre-op and recovery room with a nurse’s station, space for five patients, and an additional bathroom, along with a locked medicine room, sterile corridor, operating room, and areas for instruments and supplies. Additional patient and staff features include a hallway with separate men’s and women’s dressing rooms with private half baths, shower, anesthesia workroom, and laundry room. The back hallway supports day-to-day operations with doctor’s offices, exam rooms, nurse’s station, break room, multiple bathrooms, supply rooms, and custom staff lockers.
The site is 1.12 acres on Corporate Dr. between Tunnel Blvd. and Hollywood Road, with 39 total parking spaces including four handicap-accessible spaces. Covered drop-off/pick-up connects to the main check-in and waiting area. The entire building is described as being in FEMA Flood Zone X, with a small portion of the parking lot in Zone AE (El 6). Portions of the building are structured to support adding a 6,843 SF second floor in the future, including an elevator, for additional doctor’s offices—an option for expanding medical use.
Key Highlights
- 10,853 SF one‑story medical office building constructed in 2008 with treatment, exam rooms, and an operating room
- Surgical suite includes Pre‑Op and Recovery Room with nurse’s station, spaces for 5 patients, and dedicated operating components
- Mammography suite features its own waiting area, 4 treatment/exam rooms, dressing room, and separate bathroom
Financial Insights For Office B
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 | $293.0k | $27.00 |
| − Vacancy | −$66.2k | −$6.10 |
| EGI | $226.8k | $20.90 |
| − OpEx | −$56.7k | −$5.22 |
| NOI | $170.1k | $15.67 |
10,853 SF · lease $27.00/SF/yr · vacancy 22.60% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - One-story medical facility with dedicated treatment, surgical, and mammography suites plus covered drop-off and 39 parking spaces.
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 one‑story medical office building constructed in 2008 with treatment, exam rooms, and an operating room; Surgical suite includes Pre‑Op and Recovery Room with nurse’s station, spaces for 5 patients, and dedicated operating components; Mammography suite features its own waiting area, 4 treatment/exam rooms, dressing room, and separate bathroom