Flex Space with Fenced
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 Market2692
Property Features for 217 N HOLLYWOOD RD
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
On North Hollywood between Alma and St Louis Canal Road
Standard status
Active
APN
14313
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
Year built
1970
Floors in Building
1
Flooring type
Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
Listed By:
Cynthia Pellegrin · License #17927
(985) 851-3999
Added: Jun 11, 2019
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 155027
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 flex property combines 10 offices with a shop area in a 3,840-square-foot metal-sided building constructed in 1970. The 1.8-acre site is mostly stabilized and enclosed by chain-link fencing. Interior finishes include vinyl flooring, with central heating and air conditioning; the roof is metal. Public water and sewer serve the property.
Access is available to Highway 182, Highway 311, and Highway 90. A triple-net lease may also be considered.
Access is available to Highway 182, Highway 311, and Highway 90. A triple-net lease may also be considered.
Key Highlights
- 1.8‑acre site, with most of the acreage stabilized
- 3,840‑square‑foot building with 10 offices and a shop area
- Chain‑link fencing surrounds 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
Flex RnD
$503.2K
$440.3K – $587.1K
NOI $35,224 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$352.7K
$308.7K – $411.5K
NOI $24,692 @ 7.0% cap · market cap 6.19%
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
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Current Use
Lease Details
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A stabilized site with office and shop areas offers a functional setup for varied commercial operations.
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: 1.8‑acre site, with most of the acreage stabilized; 3,840‑square‑foot building with 10 offices and a shop area; Chain‑link fencing surrounds the property
