Renovated Flex Building with
For Sale
$652,000
311 Barrow St, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size6,855 SF
Lot Size0.27 Acres
Price / SF$95.11
Days on Market93
Property Features for 311 Barrow St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Parking Lot
Subdivision
Barrow
Standard status
Active
Size
6,855 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
Lot 1 and North 1/2 of Lot 2 Block 24 Barrow St.
Legal Description
Lot 1 and North 1/2 of Lot 2 Block 24 Barrow St.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
grand entrance and reception area
full kitchen and breakroom
operational full-glass garage doors
loft storage
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Concrete
Roof type
Metal
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
(985) 872-0444
Listed By:
Anne Matis
(985) 859-0765
Added: Jun 26
Changed: Sep 12
Last Checked: Sep 26 at 4:06AM
MLS# 2026011773
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.
Investment Insights
Based on property information with market context.
This 6,855-square-foot flex property is arranged as two separate air-conditioned areas with independent access, plus an additional storage section with a loft. The larger area includes salon equipment, a reception setting, manicure and massage rooms, a kitchen, and a breakroom. The second area provides open-plan space with functioning full-glass garage doors. A separate unconditioned section adds storage capacity and may be converted for climate-controlled use.
The building features concrete construction, concrete flooring, electric heat, central air, a metal roof, and a dedicated parking lot. Public water and public sewer serve the property. Its combination of finished commercial areas, salon-related improvements, open studio space, and supplemental storage supports varied flex-space configurations.
The building features concrete construction, concrete flooring, electric heat, central air, a metal roof, and a dedicated parking lot. Public water and public sewer serve the property. Its combination of finished commercial areas, salon-related improvements, open studio space, and supplemental storage supports varied flex-space configurations.
Key Highlights
- 6,855 square feet of commercial flex space
- Two separate air‑conditioned areas with independent access
- Larger space includes salon equipment, reception area, treatment rooms, kitchen, and breakroom
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
$44,080
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
6.76%
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%
$881,600
$881.6K
Cap Rate 7%
$629,714
$629.7K
Cap Rate 9%
$489,778
$489.8K
Market Conditions
NOI Build-Up for 6,855 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
$65.0K $9.48/SF
− Vacancy
−$2.0K −$0.29/SF
EGI
$63.0K $9.19/SF
− OpEx
−$18.9K −$2.76/SF
NOI
$44.1K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /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%
$881,600
Cap Rate 7%
$629,714
Cap Rate 9%
$489,778
Alternative Uses
Best Use
Retail
$942.7K
$824.9K – $1.10M
NOI $65,989 @ 7.0% cap · market cap 10.12%
Second Best
Flex RnD
$898.3K
$786.0K – $1.05M
NOI $62,880 @ 7.0% cap · market cap 9.64%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,274 @ 7.0% cap · market cap 20.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,396
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial property with separate climate-controlled areas, salon improvements, and a flexible secondary studio space.
Where is this flex space located?
The property is located at 311 Barrow St Houma, LA.
What is the asking price?
The asking price for this property is $652,000.
What are key features of this property?
This property features: 6,855 square feet of commercial flex space; Two separate air‑conditioned areas with independent access; Larger space includes salon equipment, reception area, treatment rooms, kitchen, and breakroom
