Mixed-Use Property with
For Sale
$360,000
186 ENTERPRISE DR, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size2,029 SF
Lot Size0.49 Acres
Price / SF$177.43
Days on Market85
Property Features for 186 ENTERPRISE DR
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Parking features
Parking Lot
Standard status
Active
APN
50073
Size
2,029 SF
Lot size
0.49 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Salon
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
LOT 14 BLOCK 2 ENTERPRISECOMMERCIAL PLACE. CB 1745/374
Legal Description
LOT 14 BLOCK 2 ENTERPRISECOMMERCIAL PLACE. CB 1745/374
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Building materials
Frame
Roof type
Composition
Listing Agency:
Canal & Main Realty
(985) 868-5230
Listed By:
Shantelle Abshire · License #0995699245
(985) 859-1229
Added: Jul 31
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2026014097
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,029-square-foot mixed-use property contains a salon, an office area, and a separate rental unit that generates income. The salon is operating, and the building was constructed in 2002. Central heating and air conditioning serve the property, with a frame structure, composition roof, public water, public sewer, and a parking lot.
The 0.49-acre parcel at 186 Enterprise Drive measures 100 feet across the road frontage and 113 feet deep. Enterprise Drive is positioned between Martin Luther King Boulevard and West Park, corridors identified with traffic volumes reaching 15,000 vehicles per day. The site is in Houma, Louisiana.
The 0.49-acre parcel at 186 Enterprise Drive measures 100 feet across the road frontage and 113 feet deep. Enterprise Drive is positioned between Martin Luther King Boulevard and West Park, corridors identified with traffic volumes reaching 15,000 vehicles per day. The site is in Houma, Louisiana.
Key Highlights
- Operating salon alongside an income‑producing rental unit and office area
- 2,029‑square‑foot building on 0.49 acres
- 100 feet of road frontage and 113 feet of lot depth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,532
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,640
$390.6K
Cap Rate 7%
$279,029
$279.0K
Cap Rate 9%
$217,022
$217.0K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$29.2K $14.40/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$27.9K $13.75/SF
− OpEx
−$8.4K −$4.13/SF
NOI
$19.5K $9.63/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,640
Cap Rate 7%
$279,029
Cap Rate 9%
$217,022
Alternative Uses
Best Use
Retail
$279.0K
$244.2K – $325.5K
NOI $19,532 @ 7.0% cap · market cap 5.43%
Second Best
Mixed Use
$200.0K
$175.0K – $233.3K
NOI $14,000 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating salon, separate rental unit, and office area combine service, rental, and workspace functions.
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 $360,000.
What are key features of this property?
This property features: Operating salon alongside an income‑producing rental unit and office area; 2,029‑square‑foot building on 0.49 acres; 100 feet of road frontage and 113 feet of lot depth
