Crane-Served Manufacturing
For Sale
$4,700,000
2534 Cummins Road, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size61,925 SF
Lot Size5.50 Acres
Price / SF$75.90
Days on Market49
Property Features for 2534 Cummins Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
Parking features
Parking Lot
Subdivision
Houma-terrebonne Airport Commission
Standard status
Active
Size
61,925 SF
Lot size
5.50 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
BUILDINGS ON PROPERTY LEASED FROM THE HOUMA-TERREBONNE AIRPORT COMMISSION ACCT. A03C-42167. LEASE NO. HA-1-05.
Legal Description
BUILDINGS ON PROPERTY LEASED FROM THE HOUMA-TERREBONNE AIRPORT COMMISSION ACCT. A03C-42167. LEASE NO. HA-1-05.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Metal Const
Roof type
Metal
Listing Agency:
Canal & Main Realty
(985) 868-5230
Listed By:
Amber Landry
(985) 237-3427
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 29 at 2:06AM
MLS# 2026016748
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.
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Investment Insights
Based on property information with market context.
This 61,925-square-foot manufacturing facility features metal construction, a metal roof, central heating and cooling, public water and sewer, and a dedicated parking lot. The building is served by cranes, including a 50-ton crane and storage facility completed in 2024-2025. A full roof replacement across the complex was completed within the last two to three years.
The property is fully occupied by Houma Armature Works, a Nidec Motor Corporation subsidiary, under a corporate-guaranteed lease. It operates within the Houma-Terrebonne Airport Industrial Park with direct access to U.S. Highway 90. The ground lease with the Houma-Terrebonne Airport Commission is recorded through 2035 and has been extended twice. The lease structure includes an approximate 8.1% leasehold cap rate and contractual 8% escalations at each five-year renewal, with up to six future renewal options.
The property is fully occupied by Houma Armature Works, a Nidec Motor Corporation subsidiary, under a corporate-guaranteed lease. It operates within the Houma-Terrebonne Airport Industrial Park with direct access to U.S. Highway 90. The ground lease with the Houma-Terrebonne Airport Commission is recorded through 2035 and has been extended twice. The lease structure includes an approximate 8.1% leasehold cap rate and contractual 8% escalations at each five-year renewal, with up to six future renewal options.
Key Highlights
- 61,925 SF crane‑served manufacturing facility
- 100% occupied by Houma Armature Works, a Nidec Motor Corporation subsidiary
- Lease obligations are unconditionally guaranteed by Nidec
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$398,195
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,963,900
$8.0M
Cap Rate 7%
$5,688,500
$5.7M
Cap Rate 9%
$4,424,389
$4.4M
Market Conditions
NOI Build-Up for 61,925 SF
Gross rent
$587.0K $9.48/SF
− Vacancy
−$18.2K −$0.29/SF
EGI
$568.9K $9.19/SF
− OpEx
−$170.7K −$2.76/SF
NOI
$398.2K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,963,900
Cap Rate 7%
$5,688,500
Cap Rate 9%
$4,424,389
Alternative Uses
Best Use
Industrial
$5.69M
$4.98M – $6.64M
NOI $398,195 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.07M
$14.94M – $19.92M
NOI $1,194,905 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Metal construction, central HVAC, and public utilities support ongoing industrial operations.
Where is this manufacturing property located?
The property is located at 2534 Cummins Road Houma, LA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 61,925 SF crane‑served manufacturing facility; 100% occupied by Houma Armature Works, a Nidec Motor Corporation subsidiary; Lease obligations are unconditionally guaranteed by Nidec
