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    Downtown Houma Office Space Available Title is generated by Realmo AI

    209 Goode St, Houma, LA 70360

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    For Lease
    $265 SF/Yr $3,975/Mo (calc)

    COMMERCIAL - Houma, LA

    Property size:
    180 SF
    Lot size:
    0.00 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    274
    Last Refresh:
    May 15 at 7:06 pm

    Property Features for 209 Goode St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    180 SF
    Lot size
    0.00 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet - Full
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Molly Usie
    Molly Usie

    Listing agent Molly Usie License #37498

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Aug 15, 2025

    MLS# 2025015243

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location across from the Courthouse Square.
    • Private 180 sq. ft. office space with a window.
    • Utilities (water and electricity) included in the lease.
    • Access to off‑street parking throughout downtown with guaranteed parking option.
    • Building equipped with a 100 kW generator for uninterrupted power.
    • Convenient access via main lobby and passenger elevator with restrooms on the same floor.

    Overview

    Located in downtown Houma, this 180-square-foot office space is available for lease. Situated on the third floor, the private office features a window and is suitable for various professional business uses. Restrooms are conveniently located on the same floor. Access to the space is provided through the main building lobby and a passenger elevator. The lease includes water and electricity. Off-street parking is available throughout downtown, with guaranteed parking available separately. The building is equipped with a 100 kW generator for uninterrupted operations. This space is located across from the Courthouse Square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ledet Insurance Insurance Agency R. L. Landreneau, ... Law Firm Courtney E Alcock ... Law Firm Jam Up Marketing Advertising Agency Yellowfin Energy Services Gas Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.721585
    Latitude
    29.597032

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    FAQs

    What type of property is this?
    Office units - Prime downtown Houma office space for lease near Courthouse Square.
    Where is this office units located?
    The property is located at 209 Goode St Houma, LA.
    What is the lease rate?
    The lease rate is $265 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown location **across from the Courthouse Square.**; Private 180 sq. ft. office space with a window.; Utilities (water and electricity) included in the lease.
    (985) 855-2945
    We can help!
    Listing Contact
    Molly Usie
    Molly Usie
    Real Estate License ID: 37498
    Learn More
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    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.

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