Industrial Warehouse
For Sale
$199,000
20 Weldon Rd, Houma, LA 70363
Warehouse and industrial-use property with room for equipment and materials.
Property Size2,283 SF
Lot Size0.67 Acres
Price / SF$87.17
Days on Market10
Property Features for 20 Weldon Rd
General Information
Standard status
Active
Size
2,283 SF
Lot size
0.67 Acres
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,311
Listing Agency:
Gulf Coast Real Estate, LLC
(985) 239-5374
Listed By:
Katina Adams · License #0995702032
(985) 791-9339
Source:
Exprealty
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 24 at 10:23AM
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 Gulf Coast Real Estate, LLC
Investment Insights
Based on property information with market context.
This warehouse property occupies approximately 0.67 acres and is identified in public records for warehouse and industrial use. The site offers space for business operations, equipment storage, materials, and related industrial activities. Historical use has been associated with an oilfield-services business.
Located at 20 Weldon Rd in Houma, Louisiana, the property is positioned within Terrebonne Parish and serves businesses operating in the area’s industrial and energy-services market. Potential applications identified for the property include oilfield services, fabrication, equipment storage, and other commercial operations.
Located at 20 Weldon Rd in Houma, Louisiana, the property is positioned within Terrebonne Parish and serves businesses operating in the area’s industrial and energy-services market. Potential applications identified for the property include oilfield services, fabrication, equipment storage, and other commercial operations.
Key Highlights
- Approximately 0.67‑acre warehouse property
- Public records identify warehouse and industrial use
- Historically associated with an oilfield‑services business
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
$17,826
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
8.96%
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%
$356,520
$356.5K
Cap Rate 7%
$254,657
$254.7K
Cap Rate 9%
$198,067
$198.1K
Market Conditions
NOI Build-Up for 2,283 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
$21.6K $9.48/SF
− Vacancy
−$671 −$0.29/SF
EGI
$21.0K $9.19/SF
− OpEx
−$3.1K −$1.38/SF
NOI
$17.8K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$356,520
Cap Rate 7%
$254,657
Cap Rate 9%
$198,067
Alternative Uses
Best Use
Warehouse
$254.7K
$222.8K – $297.1K
NOI $17,826 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.3K
$550.7K – $734.2K
NOI $44,053 @ 7.0% cap · market cap 22.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and industrial-use property with room for equipment and materials.
Where is this warehouse located?
The property is located at 20 Weldon Rd Houma, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Approximately 0.67‑acre warehouse property; Public records identify warehouse and industrial use; Historically associated with an oilfield‑services business
