Search
166 Corporate Drive, Houma, LA, 70360
Ambulatory Medical Office Building

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
Listed By: Hank Babin · License #37498
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.

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 (±1% cap)
NOI $170,104 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$2.17M
$1.90M – $2.53M (±1% cap)
NOI $151,790 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M (±1% cap)
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

Breast Cancer Center Physician

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop HVAC Service (Bike/Boat/Book/etc) Store Law Firm Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with authorities.

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
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message