Waterfront Flex
For Sale
$950,000
1711 Dunn St, Houma, LA 70360
Commercial facility combines extensive office accommodations with warehouse, storage, and waterfront operating improvements.
Property Size12,557 SF
Price / SF$75.66
Days on Market84
Property Features for 1711 Dunn St
General Information
Standard status
Active
Size
12,557 SF
Total Parking Spaces
21
Additional Details
Warehouse Space
5,020 SF
Amenities
Natural Gas Generator
Boat Launch
Rip Rap Bulkhead with Mooring Pile Clusters
Building Details
Buildings
1
Listing Agency:
Good Earth Realty, Inc.
Listed By:
Shirin Nail/ Cynthia Pellegrin · License #20592
(985) 637-2255
Source:
Smithsquared
Added: Jul 24
Changed: Oct 4
Last Checked: Oct 7 at 2:43PM
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 Good Earth Realty, Inc.
Investment Insights
Based on property information with market context.
This flex-space property at 1711 Dunn St includes a heated and cooled office component with 24 offices, two conference rooms, a training room, reception area, kitchen, IT room, and seven restrooms. The warehouse, storage, and work area measures approximately 5,020 SF and features five overhead doors, 14 to 22 FT+/- eave heights, and a walk-in cooler that is not currently in use. A natural gas generator serves the building.
The property is positioned along the Intercoastal Canal on the west side of Houma, Louisiana, with approximately 250+/- FT of waterfront. Site improvements include 21+ parking spaces, a boat launch, approximately 13,000+/- SF of concrete, approximately 4,500 SF of limestone, a rip rap bulkhead, and mooring pile clusters. The configuration and waterfront infrastructure support service-industry, crew-change, tugboat, supply, maritime, and repair operations identified for the property.
The property is positioned along the Intercoastal Canal on the west side of Houma, Louisiana, with approximately 250+/- FT of waterfront. Site improvements include 21+ parking spaces, a boat launch, approximately 13,000+/- SF of concrete, approximately 4,500 SF of limestone, a rip rap bulkhead, and mooring pile clusters. The configuration and waterfront infrastructure support service-industry, crew-change, tugboat, supply, maritime, and repair operations identified for the property.
Key Highlights
- Approximately 250+/- FT of waterfront along the Intercoastal Canal
- Approximately 5,020 SF warehouse, storage, and work area
- 24 offices, 2 conference rooms, training room, reception area, kitchen, IT room, and 7 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,745
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,900
$1.6M
Cap Rate 7%
$1,153,500
$1.2M
Cap Rate 9%
$897,167
$897.2K
Market Conditions
NOI Build-Up for 12,557 SF
Gross rent
$119.0K $9.48/SF
− Vacancy
−$3.7K −$0.29/SF
EGI
$115.4K $9.19/SF
− OpEx
−$34.6K −$2.76/SF
NOI
$80.7K $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 Rate 5%
$1,614,900
Cap Rate 7%
$1,153,500
Cap Rate 9%
$897,167
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,812 @ 7.0% cap · market cap 20.72%
Second Best
Flex RnD
$1.65M
$1.44M – $1.92M
NOI $115,183 @ 7.0% cap · market cap 12.12%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,300 @ 7.0% cap · market cap 25.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial facility combines extensive office accommodations with warehouse, storage, and waterfront operating improvements.
Where is this flex space located?
The property is located at 1711 Dunn St Houma, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 250+/- FT of waterfront along the Intercoastal Canal; Approximately 5,020 SF warehouse, storage, and work area; 24 offices, 2 conference rooms, training room, reception area, kitchen, IT room, and 7 restrooms
