Flex Space with Overhead
For Sale
Contact for pricing
359 Equity Blvd, Houma, LA 70360
Office and warehouse improvements include private work areas, a laydown yard, and high-clearance interior space.
Property Size25,482 SF
Days on Market136
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Property Features for 359 Equity Blvd
General Information
Standard status
Active
Size
25,482 SF
Property subtype
Industrial
Lease Term
$20,000 per month (NNN)
Building Details
Building Size
25,482 SF
Properties For Sale
at 359 Equity Blvd
359 Equity Blvd
Size
25,482 SF
Term
Negotiable
Listing Agency:
Elifin Realty
Listed By:
Caden LeBlanc · License #SALE.995716536-ACT
(337) 446-3536
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 14 at 8:26PM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This 25,482-square-foot flex facility combines office and warehouse improvements in a configuration suited to businesses needing both administrative and operational space. The office component includes multiple private offices, conference rooms, and break areas, while the warehouse offers high-clearance ceilings and a 5-ton overhead crane. A laydown yard and ample parking are also part of the property, supporting material handling, storage, and day-to-day business operations.
Located at 359 Equity Blvd in Houma, Louisiana, the property brings office functions, industrial workspace, exterior storage, and parking together at one site. The combination of enclosed work areas, crane capability, and yard space provides a practical setup for a range of flex-oriented commercial operations.
Located at 359 Equity Blvd in Houma, Louisiana, the property brings office functions, industrial workspace, exterior storage, and parking together at one site. The combination of enclosed work areas, crane capability, and yard space provides a practical setup for a range of flex-oriented commercial operations.
Key Highlights
- 25,482‑square‑foot office and warehouse facility
- 5‑ton overhead crane serving the warehouse area
- High‑clearance ceilings in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,856
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,120
$3.3M
Cap Rate 7%
$2,340,800
$2.3M
Cap Rate 9%
$1,820,622
$1.8M
Market Conditions
NOI Build-Up for 25,482 SF
Gross rent
$241.6K $9.48/SF
− Vacancy
−$7.5K −$0.29/SF
EGI
$234.1K $9.19/SF
− OpEx
−$70.2K −$2.76/SF
NOI
$163.9K $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 Rate 5%
$3,277,120
Cap Rate 7%
$2,340,800
Cap Rate 9%
$1,820,622
Alternative Uses
Best Use
Office B
$5.71M
$4.99M – $6.66M
NOI $399,392 @ 7.0% cap · market cap 1,996.96%
Second Best
Flex RnD
$3.34M
$2.92M – $3.90M
NOI $233,741 @ 7.0% cap · market cap 1,168.71%
Theoretical Best
Office A
$7.02M
$6.15M – $8.20M
NOI $491,701 @ 7.0% cap · market cap 2,458.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- The Encore Group — 231 Capital Blvd, Houma, LA 70360
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse improvements include private work areas, a laydown yard, and high-clearance interior space.
Where is this flex space located?
The property is located at 359 Equity Blvd Houma, LA.
What are key features of this property?
This property features: 25,482‑square‑foot office and warehouse facility; 5‑ton overhead crane serving the warehouse area; High‑clearance ceilings in the warehouse
