Mixed-Use Property with Office
For Sale
$369,000
186 Enterprise Dr, Houma, LA 70360
C2-zoned property combines a rental unit with flexible business space.
Property Size2,027 SF
Lot Size0.26 Acres
Price / SF$182.04
Days on Market32
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
Office
Zoning
C2
Site & Location
Traffic Count
15,000 vehicles/day
Road Access
Yes
Amenities
Power
Water
20 Parking Spaces
Building Details
Tenancy
Multi
Listing Agency:
Canal & Main Realty
(985) 852-1137
Listed By:
Shantelle Abshire · License #0995699245
(985) 852-1137
Source:
Lacdb.resimplifi
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 30 at 1:54PM
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 an income-producing rental unit alongside multipurpose office space. The property is currently configured as a salon and is described as move-in ready, with a layout that also supports office or retail use. C2 zoning is in place.
The site measures 100 feet of road frontage by 113 feet of depth and connects MLK Boulevard with West Park. Traffic counts are reported at up to 15,000 vehicles per day, supporting strong exposure for the existing business space. The lot provides parking and additional area for future building expansion, added parking, or other development.
The site measures 100 feet of road frontage by 113 feet of depth and connects MLK Boulevard with West Park. Traffic counts are reported at up to 15,000 vehicles per day, supporting strong exposure for the existing business space. The lot provides parking and additional area for future building expansion, added parking, or other development.
Key Highlights
- 2,027‑square‑foot mixed‑use property with an income‑producing rental unit
- Multipurpose office space currently operating as a salon
- C2 zoning supports the existing commercial configuration
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
Mixed Use
$199.8K
$174.8K – $233.1K
NOI $13,986 @ 7.0% cap · market cap 3.79%
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
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property combines a rental unit with flexible business space.
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 an income‑producing rental unit; Multipurpose office space currently operating as a salon; C2 zoning supports the existing commercial configuration
