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    Restored Commercial Building in Houma Title is generated by Realmo AI

    316 Lafayette St, Houma, LA 70360

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    Pending
    $260,000

    COMMERCIAL - Houma, LA

    Property size:
    2,302 SF
    Lot size:
    0.12 Acres
    Added:
    Dec 17, 2025
    Days on Market:
    152
    Last Refresh:
    May 18 at 1:06 pm

    Property Features for 316 Lafayette St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Exterior features
    Storage
    Standard status
    Pending
    Size
    2,302 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    66'x78' North Part of Lot 7 Block 3 Lafayette Street.

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Frame
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Amanda Smith
    Amanda Smith

    Listing agent Amanda Smith License #995701309

    Listing office Canal & Main Realty 6712 W Main Street, Thibodaux, LA

    Listing date Dec 17, 2025

    MLS# 2025022728

    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.

    HighLights

    • Prime downtown location with high traffic and visibility.
    • Turnkey commercial building with full salon build‑out in place.
    • On‑site parking plus additional leased parking across the street.
    • Recently restored with new electrical, plumbing, windows, leveled foundation, and water heater.
    • Standout architectural character and curb appeal.
    • Suitable for various uses: salon/spa, office, boutique retail, medical/professional services, or studio.

    Overview

    This turnkey commercial building is located in a high-traffic, high-visibility downtown corridor in Houma, Louisiana. The 2,302 square foot property has been beautifully restored and is currently operating as an established salon with a full build-out in place. The building offers standout architectural character and curb appeal. Practical upgrades include new electrical, new plumbing, new windows, a leveled foundation, and a new water heater. The 0.12-acre lot provides on-site parking, plus a lease agreement for additional parking across the street. Salon bowls, fixtures, chairs, and select equipment can remain for a plug-and-play opportunity. The property is ideal for salon/spa, office, boutique retail, medical/professional services, or studio use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vintage Vanity Salon Hair Salon Snap-Shots Photography Service The Girl on the Go Esthetics Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Hottie's Flowers — Houma, LA 70360
    • Hearts Desire Managed by PAR Floral — 8225 Park Ave, Houma, LA 70364

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.724523
    Latitude
    29.595994

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    FAQs

    What type of property is this?
    Storefront property - Turnkey commercial building in high-traffic downtown corridor, Houma, Louisiana.
    Where is this storefront property located?
    The property is located at 316 Lafayette St Houma, LA.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Prime downtown location with high traffic and visibility.; Turnkey commercial building with **full salon build‑out in place.**; On‑site parking plus additional leased parking across the street.
    (985) 709-7094
    We can help!
    Listing Contact
    Amanda Smith
    Amanda Smith
    Real Estate License ID: 995701309
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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