Retail Building with
New
For Sale
$425,000
2853 Bayou Blue Rd, Houma, LA 70364
Highway Commercial property combines a retail building with rear storage improvements.
Property Size2,400 SF
Lot Size0.99 Acres
Price / SF$177.08
Days on Market5
Property Features for 2853 Bayou Blue Rd
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.99 Acres
Property subtype
Retail
Zoning
Highway Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Warehouse Space
4,800 SF
Amenities
Power
Water
Vacant
Building Details
Buildings
3
Construction
pre-engineered
Listing Agency:
ABEK Real Estate
(337) 781-9322
Listed By:
Harold Lambert
(337) 781-9322
Source:
Lacdb.resimplifi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 9:45AM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This Highway Commercial property occupies a corner parcel on Bayou Blue Road in Houma. The site includes a pre-engineered retail building measuring approximately 2,400 square feet, supported by two detached rear storage buildings with a combined area of approximately 4,800 square feet. One storage structure is reported to have climate control.
The property encompasses about 0.99 acre at 2853 Bayou Blue Rd, providing a retail-oriented commercial setting with additional enclosed storage improvements. Its layout separates customer-facing retail space from the rear storage buildings, creating a straightforward configuration for operations requiring both showroom or sales space and supplemental storage.
The property encompasses about 0.99 acre at 2853 Bayou Blue Rd, providing a retail-oriented commercial setting with additional enclosed storage improvements. Its layout separates customer-facing retail space from the rear storage buildings, creating a straightforward configuration for operations requiring both showroom or sales space and supplemental storage.
Key Highlights
- Approximately 0.99‑acre corner parcel on Bayou Blue Road in Houma
- Pre‑engineered retail building of about 2,400 square feet
- Two separate rear storage buildings totaling another 4,800 square feet
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
$23,103
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
5.44%
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%
$462,060
$462.1K
Cap Rate 7%
$330,043
$330.0K
Cap Rate 9%
$256,700
$256.7K
Market Conditions
NOI Build-Up for 2,400 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
$34.6K $14.40/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$33.0K $13.75/SF
− OpEx
−$9.9K −$4.13/SF
NOI
$23.1K $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%
$462,060
Cap Rate 7%
$330,043
Cap Rate 9%
$256,700
Alternative Uses
Best Use
Retail
$330.0K
$288.8K – $385.1K
NOI $23,103 @ 7.0% cap · market cap 5.44%
Second Best
Warehouse
$267.7K
$234.3K – $312.3K
NOI $18,740 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highway Commercial property combines a retail building with rear storage improvements.
Where is this retail space located?
The property is located at 2853 Bayou Blue Rd Houma, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 0.99‑acre corner parcel on Bayou Blue Road in Houma; Pre‑engineered retail building of about 2,400 square feet; Two separate rear storage buildings totaling another 4,800 square feet
