Shopping Center on High-Traffic
For Sale
$1,800,000
279 ENTERPRISE Drive, Houma, LA 70360
Shopping center totaling 16,200 SF on 1.835 acres with ample parking and 100% occupancy for immediate tenant continuity.
Property Size16,200 SF
Lot Size1.84 Acres
Price / SF$111.11
Days on Market353
Property Features for 279 ENTERPRISE Drive
General Information
Standard status
Active
Size
16,200 SF
Lot size
1.84 Acres
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Building Size
16,200 SF
Year Built
2003
Listing Agency:
Mirambell Realty
(985) 991-8404
Listed By:
Austin Lapeyrouse · License #995699617
(985) 991-8404
Source:
Talbot-realty
Added: Aug 25, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mirambell Realty
Investment Insights
Based on property information with market context.
This shopping center offers a total of 16,200 square feet of retail space on 1.835 acres. The property is currently 100% occupied, with no vacancies reported, supporting immediate stability for an incoming owner. Ample on-site parking is available to serve both tenants and customers, and the additional land area provides flexibility for future expansion or redevelopment.
Located along a high-traffic corridor, the center is positioned to benefit from visibility and convenient access for passersby. The site is described as having strong accessibility and tenant appeal, supported by its retail-focused shopping center configuration.
For investors or operators seeking a retail asset with active occupancy, this property’s fully leased status and practical customer access through on-site parking can help reduce near-term leasing risk. The extra acreage also creates options for adapting the site layout over time, subject to applicable approvals. Overall, it presents a straightforward, income-oriented retail shopping center offering as presented in the listing materials.
Located along a high-traffic corridor, the center is positioned to benefit from visibility and convenient access for passersby. The site is described as having strong accessibility and tenant appeal, supported by its retail-focused shopping center configuration.
For investors or operators seeking a retail asset with active occupancy, this property’s fully leased status and practical customer access through on-site parking can help reduce near-term leasing risk. The extra acreage also creates options for adapting the site layout over time, subject to applicable approvals. Overall, it presents a straightforward, income-oriented retail shopping center offering as presented in the listing materials.
Key Highlights
- 16,200 SF shopping center on 1.835 acres with ample on‑site parking
- 100% occupied with no vacancies for immediate tenant continuity
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,118,960
$3.1M
Cap Rate 7%
$2,227,829
$2.2M
Cap Rate 9%
$1,732,756
$1.7M
Market Conditions
NOI Build-Up for 16,200 SF
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.
Gross rent
$233.3K $14.40/SF
− Vacancy
−$10.5K −$0.65/SF
EGI
$222.8K $13.75/SF
− OpEx
−$66.8K −$4.13/SF
NOI
$155.9K $9.63/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,118,960
Cap Rate 7%
$2,227,829
Cap Rate 9%
$1,732,756
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $155,948 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.47M
$3.91M – $5.21M
NOI $312,595 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
811
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center totaling 16,200 SF on 1.835 acres with ample parking and 100% occupancy for immediate tenant continuity.
Where is this shopping center located?
The property is located at 279 ENTERPRISE Drive Houma, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 16,200 SF shopping center on 1.835 acres with ample on‑site parking; 100% occupied with no vacancies for immediate tenant continuity; Built in 2003
