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 Market340
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
Year Built
2003
Listing Agency:
Mirambell Realty
Listed By:
Austin Lapeyrouse
Source:
Talbot-realty
Added: Aug 25, 2025
Changed: Jul 10
Last Checked: Jul 30 at 2:33AM
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 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 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Cannatas Family Markets, 6307 W Park Ave, Houma, LA 70364
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
