Renovated Mixed-Use
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 Market120
Property Features for 311 BARROW ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Standard status
Active
APN
63986
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.
Tax Annual Amount
2700
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
Year built
1965
Floors in Building
1
Flooring type
Concrete
Building materials
Concrete
Roof type
Metal
Buildings
1
Listing Agency:
COLDWELL BANKER LARUSSA REAL ESTATE
(985) 872-0444
Listed By:
Anne Matis · License #0995695227
(985) 804-3208
Added: Jun 26
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2026011773
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated, 6,855-square-foot mixed-use building contains three separate areas. Two are air-conditioned and have independent entrances. The larger space has a reception area, an open layout arranged for salon services, manicure and massage rooms, plus a kitchen and breakroom. The other conditioned area has an open floor plan and full-glass garage doors. A third section provides storage and a loft; it is not currently climate controlled.
The property is at 311 Barrow Street in Houma and is zoned Commercial. Concrete construction, central air, electric heat, public water and sewer, and a parking lot are among its existing features.
The property is at 311 Barrow Street in Houma and is zoned Commercial. Concrete construction, central air, electric heat, public water and sewer, and a parking lot are among its existing features.
Key Highlights
- 6,855 square feet across three distinct areas
- Two air‑conditioned spaces, each with a separate entrance
- Larger area includes salon rooms, reception, kitchen, and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,300
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,000
$946.0K
Cap Rate 7%
$675,714
$675.7K
Cap Rate 9%
$525,556
$525.6K
Market Conditions
NOI Build-Up for 6,855 SF
Gross rent
$82.3K $12.00/SF
− Vacancy
−$6.6K −$0.96/SF
EGI
$75.7K $11.04/SF
− OpEx
−$28.4K −$4.14/SF
NOI
$47.3K $6.90/SF
Area
Terrebonne County, LA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,000
Cap Rate 7%
$675,714
Cap Rate 9%
$525,556
Alternative Uses
Best Use
Retail
$942.7K
$824.9K – $1.10M
NOI $65,989 @ 7.0% cap · market cap 10.12%
Second Best
Mixed Use
$675.7K
$591.3K – $788.3K
NOI $47,300 @ 7.0% cap · market cap 7.25%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct areas include two air-conditioned spaces and a separate storage section with a loft.
Where is this mixed-use property 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 across three distinct areas; Two air‑conditioned spaces, each with a separate entrance; Larger area includes salon rooms, reception, kitchen, and breakroom
