Shopping Center on High-Traffic
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 size:
16,200 SFLot size:
1.84 AcresPrice / SF:
$111/SF- Added:
- Aug 25, 2025
- Days on Market:
- 307
- Last Refresh:
- Jun 27 at 2:55 am
Property Features for 279 ENTERPRISE Drive
General Information
- Standard status
- Active
- Size
- 16,200 SF
- Lot size
- 1.84 Acres
Building Details
- Year Built
- 2003
Listing office Mirambell Realty
Listing date Aug 25, 2025
Source Talbot-realty
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
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
- Shopping center situated on a high‑traffic corridor in Houma, Louisiana, with accessibility
Overview
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.
Local Financial Insights For Retail
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 | $233.3k | $14.40 |
| − Vacancy | −$10.5k | −$0.65 |
| EGI | $222.8k | $13.75 |
| − OpEx | −$66.8k | −$4.13 |
| NOI | $155.9k | $9.63 |
16,200 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
1st Heritage Credit
Loan Service
Breakin' The Code
Arcade & Gaming Center
NORI
Restaurant
Harrison Finance Co
Loan Service
Alternative Vapors
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Coinstar Kiosk | Bitcoin ATM — Cannatas Family Markets, 6307 W Park Ave, Houma, LA 70364
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.7521103
- Latitude
- 29.6131392
Nearby Similar for Sale
FAQs
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
