Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail-Office Strip Center For Rent Title is generated by Realmo AI

    1826 Martin Luther King Blvd, Houma, LA 70360

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail and office spaces available in high-traffic Houma location.

    Type:Retail, Office
    Added:
    Aug 11, 2020
    Days on Market:
    2119
    Last Refresh:
    May 12 at 8:48 pm

    Property Features for 1826 Martin Luther King Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 1826 Martin Luther King Blvd Contact us

    Suite H $27/Mo

    Size
    1,650 SF
    Type
    Retail
    Contact us

    Suite: F-1 $26/Mo

    Size
    1,200 SF
    Type
    Retail
    Contact us

    Suite K $27/Mo

    Size
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Matt Eaton

    Listing agent Matt Eaton License #LA 0000072493

    Listing office Southeast Commercial Real Estate

    Listing date Aug 11, 2020

    Source Crexi

    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 Southeast Commercial Real Estate

    HighLights

    • Located on Houma's busiest thoroughfare, Martin Luther King Blvd.
    • Anchored by national tenants: Quest Diagnostics, Moe's Southwest Grill, Firehouse Subs, Salad Station.
    • Proximity to big‑box retailers, hotels, and restaurants.
    • High‑traffic location with recently built WalkOn's directly across the street.
    • Services the entire Terrebonne Parish market.
    • Located approximately 60 miles southwest of New Orleans.

    Overview

    The CitiPlace Strip Center offers retail and office spaces for rent. It is situated on Martin Luther King Blvd, a busy thoroughfare in Houma. The center is home to national tenants such as Quest Diagnostics, Moe's Southwest Grill, Firehouse Subs, and Salad Station. The location is near an abundance of big-box retailers, hotels, and restaurants, including WalkOn's, a sports restaurant and bar recently built across the street. The Houma market serves all of Terrebonne Parish and is located approximately 60 miles southwest of New Orleans.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.8252
    Latitude
    29.5867

    Nearby Similar for Lease

    • $1,500/Mo
      1,054 SF

      Houma Commercial Space For Rent

      Commercial office space in high-traffic Houma location.
      6519 W Main Street, Houma, LA 70360
      View Details
    • $3,785/Mo
      5,124 SF

      Retail Space in High-Traffic Location

      Retail space with offices and storage in high-traffic Houma location.
      6868 W Park Avenue, Houma, LA 70364
      View Details
    • $1,700/Mo
      2,400 SF

      Versatile Office or Retail Space

      Prime commercial space for office or retail in Houma, LA.
      632 Corporate Drive, Houma, LA 70360
      View Details
    • $450/Mo
      103 SF

      Downtown Houma Private Office Space

      Private office in downtown Houma with shared common areas.
      826 School St, Houma, LA 70360
      View Details
    • $1,800/Mo
      1,940 SF

      Historic Bank of Houma Lease

      Commercial space featuring offices, reception, and parking in Houma, LA.
      7833 Main St, Houma, LA 70360
      View Details
    • $2,340/Mo
      1,560 SF

      Retail Space in Houma, LA

      Retail space available for lease in Houma, Louisiana.
      500 Corporate Drive, Houma, LA 70360
      View Details
    • $1,595/Mo
      1,850 SF

      Downtown Houma Office/Retail Space

      Unique open-concept space in downtown Houma, suitable for office/retail.
      7884 Main St, Houma, LA 70360
      View Details
    • $2,700/Mo
      3,346 SF

      Restaurant Space in Houma, LA

      Restaurant opportunity with minimal build-out required in Houma, LA.
      279 Enterprise Dr, Houma, LA 70360
      View Details
    • $1,300/Mo
      1,200 SF

      Retail Space in High-Traffic Area

      Retail space for lease in a high-traffic Houma location.
      122 Enterprise Dr, Houma, LA 70360
      View Details
    • $265 SF/Yr
      180 SF

      Downtown Houma Office Space Available

      Prime downtown Houma office space for lease near Courthouse Square.
      209 Goode St, Houma, LA 70360
      View Details
    • $800/Mo
      190-190 SF

      COLAB Business Suites Suite A- Office/Retail

      Modern office environment designed for entrepreneurs, small businesses, and growing professionals.
      7712 Main St, Unit a, Houma, LA 70360
      View Details
    • $3,900/Mo
      3,120 SF

      Retail Space in High-Traffic Area

      Prime retail space available at a well-seen Houma intersection.
      500 Corporate Drive, Houma, LA 70360
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail and office spaces available in high-traffic Houma location.
    Where is this strip mall located?
    The property is located at 1826 Martin Luther King Blvd Houma, LA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Located on Houma's busiest thoroughfare, Martin Luther King Blvd.; Anchored by national tenants: Quest Diagnostics, Moe's Southwest Grill, Firehouse Subs, Salad Station.; Proximity to big‑box retailers, hotels, and restaurants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Eaton
    Real Estate License ID: LA 0000072493
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1826 Martin Luther King Blvd, Houma, LA 70360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!