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 Market38
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.
(985) 637-2255
Listed By:
Shirin Nail/ Cynthia Pellegrin · License #20592
Source:
Smithsquared
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 2:29PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,745
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
