Mixed-Use Property with Office
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For Sale
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186 Enterprise Dr, Houma, LA 70360
Mixed-use commercial property combining a rental unit with multipurpose office space in a General Commercial District.
Property Size2,027 SF
Lot Size0.26 Acres
Price / SF$182.04
Days on Market6
Property Features for 186 Enterprise Dr
General Information
Standard status
Active
Size
2,027 SF
Total Parking Spaces
20
Lot size
0.26 Acres
Property subtype
Retail, Office
Zoning
General Commercial District
Site & Location
Traffic Count
15,000 vehicles/day
Road Access
Yes
Listing Agency:
Canal & Main Realty
(985) 262-4400
Listed By:
Shantelle Abshire · License #995699245
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 11 at 2:38PM
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 Canal & Main Realty
Investment Insights
Based on property information with market context.
This 2,027-square-foot mixed-use property includes a rental unit and a separate multipurpose office area. The property is currently operating as a salon, while the existing configuration also supports office or retail use. General Commercial District zoning provides the stated land-use designation for the site.
The property is located at 186 Enterprise Dr in Houma, Louisiana, with a 100-foot road frontage and 113 feet of lot depth. It connects Enterprise Drive with MLK Boulevard and West Park, and reported traffic counts reach up to 15,000 vehicles per day. The oversized lot provides space associated with parking and possible future expansion, including additional building area or parking.
The property is located at 186 Enterprise Dr in Houma, Louisiana, with a 100-foot road frontage and 113 feet of lot depth. It connects Enterprise Drive with MLK Boulevard and West Park, and reported traffic counts reach up to 15,000 vehicles per day. The oversized lot provides space associated with parking and possible future expansion, including additional building area or parking.
Key Highlights
- 2,027‑square‑foot mixed‑use property with a rental unit and multipurpose office area
- 100 feet of road frontage and 113 feet of lot depth
- General Commercial District zoning
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
$31,770
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
8.61%
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%
$635,400
$635.4K
Cap Rate 7%
$453,857
$453.9K
Cap Rate 9%
$353,000
$353.0K
Market Conditions
NOI Build-Up for 2,027 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
$54.7K $27.00/SF
− Vacancy
−$12.4K −$6.10/SF
EGI
$42.4K $20.90/SF
− OpEx
−$10.6K −$5.22/SF
NOI
$31.8K $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%
$635,400
Cap Rate 7%
$453,857
Cap Rate 9%
$353,000
Alternative Uses
Best Use
Office B
$453.9K
$397.1K – $529.5K
NOI $31,770 @ 7.0% cap · market cap 8.61%
Second Best
Retail
$278.8K
$243.9K – $325.2K
NOI $19,513 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$558.8K
$488.9K – $651.9K
NOI $39,113 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
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?
Mixed-use property - Mixed-use commercial property combining a rental unit with multipurpose office space in a General Commercial District.
Where is this mixed-use property located?
The property is located at 186 Enterprise Dr Houma, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,027‑square‑foot mixed‑use property with a rental unit and multipurpose office area; 100 feet of road frontage and 113 feet of lot depth; General Commercial District zoning
