2655 W Park Avenue, Gray, LA 70359
- Added:
- Apr 12, 2022
- Days on Market:
- 1526
- Last Refresh:
- Jun 15 at 5:06 am
Property Features for 2655 W Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,144 SF
- Lot size
- 12.43 Acres
Taxes and HOA fees
- Tax Description
- Lot 42 & Upper lot 43 links of lot 41 Hedgeford Plantation
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet - Full, Tile - Ceramic
- Building materials
- Brick
- Additional Structures
- Storage
Listing agent Hank Babin License #37498 (985) 804-9991
Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA (985) 262-4400
Listing date Apr 12, 2022
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
- Strategic location on LA Highway 24, near U.S. Highway 90 (Future I‑49), in South Louisiana's energy and industrial corridor.
- 12.43‑acre tract suitable for office, service‑based industrial users, or future commercial development.
- Existing 2,144 SF structure adaptable for office use, ideal for immediate occupancy with expansion potential.
- Over two‑thirds of the acreage is in FEMA Flood Zone X, reducing development and insurance costs.
- Direct connectivity to "America's Energy Corridor" linking Port Fourchon to Houston.
- Surrounded by major energy operators, government infrastructure, and a growing medical base within the Houma‑Thibodaux MSA.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $27.00 |
| − Vacancy | −$13.1k | −$6.10 |
| EGI | $44.8k | $20.90 |
| − OpEx | −$11.2k | −$5.22 |
| NOI | $33.6k | $15.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gray
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.791262
- Latitude
- 29.709231
