Fully Renovated Flex Space with Separate
For Sale
$652,000
311 Barrow St, Houma, LA 70360
COMMERCIAL - Houma, LA
Property Size6,855 SF
Lot Size0.27 Acres
Price / SF$95.11
Days on Market47
Property Features for 311 Barrow St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
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
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: Aug 4
Last Checked: Aug 11 at 8:06PM
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.
Rubicon is a fully renovated flex space on a 0.269-acre lot with 6,855 square feet of usable area. The building is set up with two separate air-conditioned spaces, each with its own access points, allowing for flexible retail or commercial layouts.
The larger air-conditioned space features a grand entrance and reception area with woodwork, plus an open-concept floorplan partitioned from a salon area into manicure and massage rooms. Additional amenities include a full kitchen and breakroom. The smaller air-conditioned space offers an open floorplan with operational full-glass garage doors.
A third storage space sits between the front and side of the building and includes a loft. This storage area is not currently climate controlled, though conversion could be done. The building includes concrete construction with central air cooling and electric heating, public water, and public sewer, with a metal roof and parking lot on site.
The larger air-conditioned space features a grand entrance and reception area with woodwork, plus an open-concept floorplan partitioned from a salon area into manicure and massage rooms. Additional amenities include a full kitchen and breakroom. The smaller air-conditioned space offers an open floorplan with operational full-glass garage doors.
A third storage space sits between the front and side of the building and includes a loft. This storage area is not currently climate controlled, though conversion could be done. The building includes concrete construction with central air cooling and electric heating, public water, and public sewer, with a metal roof and parking lot on site.
Key Highlights
- 0.269‑acre lot with 6,855 SF of usable flex space
- Two separate air‑conditioned spaces, each with its own access points
- Large space includes reception area, partitioned rooms, and a full 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
Flex RnD
$898.3K
$786.0K – $1.05M
NOI $62,880 @ 7.0% cap · market cap 9.64%
Second Best
Industrial
$629.7K
$551.0K – $734.7K
NOI $44,080 @ 7.0% cap · market cap 6.76%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,497
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated flex building with two air-conditioned spaces and separate access points for flexible retail or commercial use.
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: 0.269‑acre lot with 6,855 SF of usable flex space; Two separate air‑conditioned spaces, each with its own access points; Large space includes reception area, partitioned rooms, and a full kitchen and breakroom
