Turnkey Medical Office
For Sale
$829,999
181 Corporate Dr, Houma, LA 70360
Medical office buildout with two exam rooms, procedure space, and dedicated administrative areas for streamlined healthcare operations.
Property Size4,422 SF
Price / SF$187.70
Days on Market143
Property Features for 181 Corporate Dr
General Information
Standard status
Active
Size
4,422 SF
Taxes and HOA fees
Annual Taxes
$8,432
Listing Agency:
SAVIOR PROPERTY MANAGEMENT, LLC
(985) 790-0050
Listed By:
Delani Zavacky · License #995716159
(985) 790-0050
Source:
Exprealty
Added: Apr 2
Changed: Aug 21
Last Checked: Aug 21 at 12:16PM
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 SAVIOR PROPERTY MANAGEMENT, LLC
Investment Insights
Based on property information with market context.
This turnkey medical office building is designed for both day-to-day clinical workflow and professional administration. The interior includes a spacious entry with ample seating, high-end finishes, and contemporary architectural elements. Patient and service areas are supported by two fully equipped exam rooms, a procedure room, a nurse’s room, a counseling room for confidential consultations, and a specialized photo room. For administrative workflows, the building also includes a scheduling room and an insurance billing room, along with a dedicated file room for secure document storage.
Three restrooms are conveniently located throughout the facility, and staff amenities include a break room, a utility room, and a spacious work/copy room outfitted with modern equipment. Leadership and support spaces are provided with a private executive assistant office and an expansive doctor’s office. Additional infrastructure includes a mechanical room and a dedicated computer/server room.
Located at 181 Corporate Dr in Houma, this facility offers a practical, ready-to-operate environment for healthcare providers seeking an established exam-and-admin layout. The owner is open to negotiating closing costs and the inclusion of furniture with a reasonable offer, which may help reduce move-in time and initial outfitting for an incoming practice.
Three restrooms are conveniently located throughout the facility, and staff amenities include a break room, a utility room, and a spacious work/copy room outfitted with modern equipment. Leadership and support spaces are provided with a private executive assistant office and an expansive doctor’s office. Additional infrastructure includes a mechanical room and a dedicated computer/server room.
Located at 181 Corporate Dr in Houma, this facility offers a practical, ready-to-operate environment for healthcare providers seeking an established exam-and-admin layout. The owner is open to negotiating closing costs and the inclusion of furniture with a reasonable offer, which may help reduce move-in time and initial outfitting for an incoming practice.
Key Highlights
- Medical office at 181 Corporate Dr with a layout designed for clinical and administrative workflows
- Includes two fully equipped exam rooms plus a procedure room and nurse’s room
- Dedicated rooms for administrative support, including a scheduling room, insurance billing room, and secure file 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
$69,308
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
8.35%
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%
$1,386,160
$1.4M
Cap Rate 7%
$990,114
$990.1K
Cap Rate 9%
$770,089
$770.1K
Market Conditions
NOI Build-Up for 4,422 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
$119.4K $27.00/SF
− Vacancy
−$27.0K −$6.10/SF
EGI
$92.4K $20.90/SF
− OpEx
−$23.1K −$5.22/SF
NOI
$69.3K $15.67/SF
Area
Terrebonne County, LA
Vacancy
22.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,386,160
Cap Rate 7%
$990,114
Cap Rate 9%
$770,089
Alternative Uses
Best Use
Office B
$990.1K
$866.4K – $1.16M
NOI $69,308 @ 7.0% cap · market cap 8.35%
Second Best
Healthcare Medical
$883.5K
$773.1K – $1.03M
NOI $61,846 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,327 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Well-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?
Medical Office Space - Medical office buildout with two exam rooms, procedure space, and dedicated administrative areas for streamlined healthcare operations.
Where is this medical office space located?
The property is located at 181 Corporate Dr Houma, LA.
What is the asking price?
The asking price for this property is $829,999.
What are key features of this property?
This property features: Medical office at 181 Corporate Dr with a layout designed for clinical and administrative workflows; Includes two fully equipped exam rooms plus a procedure room and nurse’s room; Dedicated rooms for administrative support, including a scheduling room, insurance billing room, and secure file room
