Medical Office with Exam
For Sale
$829,999
181 Corporate Drive, Houma, LA 70360
COMMERCIAL - Houma, LA
Property Size4,422 SF
Lot Size0.27 Acres
Price / SF$187.70
Days on Market133
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: Aug 4
Last Checked: Aug 12 at 12:06AM
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.
This medical office is arranged to support day-to-day clinical and administrative workflows, with dedicated spaces for patient care and scheduling. The interior includes two fully equipped exam rooms, a procedure room, a nurse’s room, and a counseling room for confidential consultations, plus a specialized photo room. Administrative functions are supported by a file room for secure document storage, a fully equipped scheduling room, and an insurance billing room. Staff amenities include a break room, utility room, and a work/copy room with modern equipment, along with a private executive assistant office and an expansive doctor’s office. Additional building support includes a mechanical room and a dedicated computer/server room. Three restrooms are located throughout the facility.
The building is constructed with brick and log materials and features a composition roof. Central heating and central air conditioning are provided, and the property is served by public water and public sewer. Natural gas is available, and parking is provided in a parking lot.
With a functional mix of clinical rooms, administrative areas, and building technology support spaces, the layout is suited for professional or medical uses that need both exam capacity and on-site back-office support.
The building is constructed with brick and log materials and features a composition roof. Central heating and central air conditioning are provided, and the property is served by public water and public sewer. Natural gas is available, and parking is provided in a parking lot.
With a functional mix of clinical rooms, administrative areas, and building technology support spaces, the layout is suited for professional or medical uses that need both exam capacity and on-site back-office support.
Key Highlights
- Two fully equipped exam rooms plus procedure room, nurse’s room, and counseling room
- Includes scheduling room and insurance billing room alongside a secure file room
- Dedicated computer/server room and mechanical room for building and technology operations
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
Lease Details
Turnkey business
Opportunity
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 designed with two fully equipped exam rooms and multiple patient and administrative work areas.
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: Two fully equipped exam rooms plus procedure room, nurse’s room, and counseling room; Includes scheduling room and insurance billing room alongside a secure file room; Dedicated computer/server room and mechanical room for building and technology operations
