Medical Office Building with Clinical
For Sale
$829,999
181 Corporate Drive, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size4,422 SF
Lot Size0.27 Acres
Price / SF$187.70
Days on Market178
Property Features for 181 Corporate Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Parking Lot
Subdivision
Corporate Acres
Standard status
Active
Size
4,422 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
Lot 17 Block 1 Corporate Acres Subdivision
Legal Description
Lot 17 Block 1 Corporate Acres Subdivision
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Brick, Log
Roof type
Composition
Listing Agency:
SAVIOR PROPERTY MANAGEMENT, LLC
(985) 868-3031
Listed By:
Delani Zavacky · License #995716159
(985) 790-0050
Added: Apr 2
Changed: Sep 14
Last Checked: Sep 26 at 4:06AM
MLS# 2026005913
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.
Located at 181 Corporate Drive in Houma, this 4,422-square-foot medical office building occupies a 0.27-acre site. The interior includes reception and seating areas, two exam rooms, a procedure room, nurse’s room, counseling room, and photo room. Administrative and support spaces include a file room, scheduling room, insurance billing room, executive assistant office, doctor’s office, break room, utility room, work/copy room, mechanical room, and computer/server room.
The facility has three restrooms, central heating, central air, a parking lot, public water, public sewer, and natural gas availability. Brick and log construction materials are identified, with a composition roof. The configuration supports medical operations while also providing dedicated areas for staff functions, records, technology, and patient-facing services.
The facility has three restrooms, central heating, central air, a parking lot, public water, public sewer, and natural gas availability. Brick and log construction materials are identified, with a composition roof. The configuration supports medical operations while also providing dedicated areas for staff functions, records, technology, and patient-facing services.
Key Highlights
- 4,422 SF medical office building on a 0.27‑acre site
- Two exam rooms, procedure room, nurse’s room, counseling room, and photo room
- Dedicated scheduling, insurance billing, file, and computer/server rooms
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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Medical Office Space - Purpose-built professional facility with clinical rooms, administrative offices, staff areas, and dedicated technology infrastructure.
Where is this medical office space located?
The property is located at 181 Corporate Drive 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: 4,422 SF medical office building on a 0.27‑acre site; Two exam rooms, procedure room, nurse’s room, counseling room, and photo room; Dedicated scheduling, insurance billing, file, and computer/server rooms
