Waterfront Flex
For Sale
$950,000
1711 Dunn St, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size12,557 SF
Lot Size1.21 Acres
Price / SF$75.66
Days on Market604
Property Features for 1711 Dunn St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4
Parking
20
Security features
Security System
Subdivision
Honduras Add
Directions
End of Dunn Street on left hand side.
Standard status
Active
Size
12,557 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Description
Lots 1, 2, 3, & 4 Block 39 Honduras Addition. Also Railroad Right of Way adjoining Said Lots
Legal Description
Lots 1, 2, 3, & 4 Block 39 Honduras Addition. Also Railroad Right of Way adjoining Said Lots
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
Natural Gas Generator
Boat Launch
Rip Rap Bulkhead with Mooring Pile Clusters
Building Details
Floors in Building
2
Flooring type
Concrete, Tile
Building materials
Metal Const
Roof type
Metal
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
(985) 851-3999
Listed By:
Shirin Nail/ Cynthia Pellegrin · License #467517117
(985) 637-2255
Added: Jan 2, 2025
Changed: Aug 24
Last Checked: Aug 29 at 11:06AM
MLS# 2025000054
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 12,557-square-foot metal flex property combines a heated and cooled office component with warehouse, storage, and work areas. The building includes 24 offices, two conference rooms, a training room, reception area, kitchen, IT room, and seven restrooms. Five overhead doors serve the approximately 5,020 SF warehouse and work area, which has eave heights ranging from 14 to 22 FT+/- and includes a walk-in cooler that is not currently in use.
The site provides approximately 250+/- FT of navigable waterfront along the Intercoastal Canal, a boat launch, rip rap bulkhead, and mooring pile clusters. Site improvements include approximately 13,000+/- SF of concrete and 4,500 SF+/- of limestone, along with 21+ parking spots and room for additional parking. A natural gas generator services the building. Public water and public sewer are available, with natural gas service, central heating, and central air conditioning.
The site provides approximately 250+/- FT of navigable waterfront along the Intercoastal Canal, a boat launch, rip rap bulkhead, and mooring pile clusters. Site improvements include approximately 13,000+/- SF of concrete and 4,500 SF+/- of limestone, along with 21+ parking spots and room for additional parking. A natural gas generator services the building. Public water and public sewer are available, with natural gas service, central heating, and central air conditioning.
Key Highlights
- 12,557 SF commercial flex property on 1.214 acres
- Approximately 250+/- FT of navigable waterfront on the Intercoastal Canal
- 24 offices, 2 conference rooms, training room, reception area, kitchen, and IT room
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
Lease Details
24
Office units
Location Intelligence
Trade Area within ½ mile
543
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 - Metal commercial building combining office, warehouse, storage, and work areas with direct canal access.
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: 12,557 SF commercial flex property on 1.214 acres; Approximately 250+/- FT of navigable waterfront on the Intercoastal Canal; 24 offices, 2 conference rooms, training room, reception area, kitchen, and IT room
