Flex Space with Office and
370 S Van Avenue, Houma, LA 70363
For Sale
$649,000
Commercial Sale, Houma, LA
Property Size9,125 SF
Lot Size1.05 Acres
Price / SF$71.12
Days on Market72
Property Features for 370 S Van Avenue
General Information
Property type
Property subtype
Parking features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
(985) 851-3999
Listed By:
Briana C Sullivan · License LA #995717403
(985) 226-0097
Added: Sep 2
Changed: Nov 11
Last Checked: Nov 12 at 9:06PM
MLS# 2026016177
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.
Built in 1981, this 9,125-square-foot flex property combines office space and a kitchen with a loft and warehouse/work area. The building has metal siding and a metal roof, with central heating and central air. Covered parking and an outdoor covered area provide additional functional space. The parcel contains 1.05 acres.
Located at 370 S Van Avenue in Houma, the property has public water and a private sewer system. Its mix of office, work, storage, and covered exterior areas brings several functions together on one site.
Located at 370 S Van Avenue in Houma, the property has public water and a private sewer system. Its mix of office, work, storage, and covered exterior areas brings several functions together on one site.
Key Highlights
- 9,125‑square‑foot flex property on 1.05 acres
- Office area, kitchen, loft, and warehouse/work space
- Covered parking and covered outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,676
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,520
$1.2M
Cap Rate 7%
$838,229
$838.2K
Cap Rate 9%
$651,956
$652.0K
Market Conditions
NOI Build-Up for 9,125 SF
Gross rent
$86.5K $9.48/SF
− Vacancy
−$2.7K −$0.29/SF
EGI
$83.8K $9.19/SF
− OpEx
−$25.1K −$2.76/SF
NOI
$58.7K $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%
$1,173,520
Cap Rate 7%
$838,229
Cap Rate 9%
$651,956
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,702 @ 7.0% cap · market cap 12.90%
Second Best
Warehouse
$1.02M
$890.6K – $1.19M
NOI $71,250 @ 7.0% cap · market cap 10.98%
Theoretical Best
Office A
$2.52M
$2.20M – $2.93M
NOI $176,076 @ 7.0% cap · market cap 27.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Houma, LA
Properties on Market for Flex space in Houma
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A combined office, kitchen, loft, work area, and covered exterior space support a range of business functions.
Where is this flex space located?
The property is located at 370 S Van Avenue Houma, LA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 9,125‑square‑foot flex property on 1.05 acres; Office area, kitchen, loft, and warehouse/work space; Covered parking and covered outdoor area
