Fenced Flex Space with
For Sale
$399,000
217 N Hollywood Rd, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size3,840 SF
Lot Size1.80 Acres
Price / SF$103.91
Days on Market2685
Property Features for 217 N Hollywood Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Commerce Place
Directions
On North Hollywood between Alma and St Louis Canal Road
Standard status
Active
Size
3,840 SF
Lot size
1.80 Acres
Taxes and HOA fees
Tax Description
Lot 5 & 6 Adden 1, and rear Lots, less 10"
Legal Description
Lot 5 & 6 Adden 1, and rear Lots, less 10"
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl
Building materials
Metal Const
Roof type
Metal
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
(985) 851-3999
Listed By:
Shirin Nail/ Cynthia Pellegrin · License #467517117
(985) 637-2255
Added: Jun 11, 2019
Changed: Sep 12
Last Checked: Oct 16 at 10:06AM
MLS# 155027
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property includes 3,840 square feet with 10 offices, a shop area, and two bathrooms. The building features metal construction, a metal roof, vinyl flooring, central heating, and central air. Public water and public sewer serve the property, while chain-link fencing encloses the site.
The 1.8-acre property provides access to Highway 182, Highway 311, and Highway 90. Its office-and-shop configuration accommodates a range of commercial operations, and the owner may consider a triple-net lease structure.
The 1.8-acre property provides access to Highway 182, Highway 311, and Highway 90. Its office-and-shop configuration accommodates a range of commercial operations, and the owner may consider a triple-net lease structure.
Key Highlights
- 3,840‑square‑foot flex‑space building on 1.8 acres
- 10 offices plus a shop area and 2 bathrooms
- Chain‑link fencing encloses the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,224
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,480
$704.5K
Cap Rate 7%
$503,200
$503.2K
Cap Rate 9%
$391,378
$391.4K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$55.3K $14.40/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$54.2K $14.11/SF
− OpEx
−$19.0K −$4.94/SF
NOI
$35.2K $9.17/SF
Area
Terrebonne County, LA
Vacancy
2.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,480
Cap Rate 7%
$503,200
Cap Rate 9%
$391,378
Alternative Uses
Best Use
Office B
$859.8K
$752.3K – $1.00M
NOI $60,186 @ 7.0% cap · market cap 15.08%
Second Best
Flex RnD
$503.2K
$440.3K – $587.1K
NOI $35,224 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.06M
$926.2K – $1.23M
NOI $74,097 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Office units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Metal construction, central HVAC, and public utilities support a versatile commercial layout.
Where is this flex space located?
The property is located at 217 N Hollywood Rd Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,840‑square‑foot flex‑space building on 1.8 acres; 10 offices plus a shop area and 2 bathrooms; Chain‑link fencing encloses the property
