Office-Warehouse Flex
For Sale
$649,000
370 S Van Avenue, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size9,125 SF
Lot Size1.05 Acres
Price / SF$71.12
Days on Market55
Property Features for 370 S Van Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street, Covered
Standard status
Active
APN
25119
Size
9,125 SF
Lot size
1.05 Acres
Additional Details
Property Use
Flex Space
Taxes and HOA fees
Tax Description
LOT 1 BLOCK 1 BELANGER PARK SUBDIVISION.
Tax Annual Amount
25119
Legal Description
LOT 1 BLOCK 1 BELANGER PARK SUBDIVISION.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Good Earth Realty, Inc. · RE/MAX International
Listed By:
Briana C Sullivan · License #995717403
(985) 851-3999
Added: Sep 2
Changed: Oct 23
Last Checked: Oct 26 at 6:06PM
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.
This 9,125-square-foot flex property sits on a 1.05-acre lot and was built in 1981. Its configuration includes a front office, kitchen, loft, warehouse and work area, plus a covered outdoor area. Metal siding and a metal roof complete the building, with central heating and central air conditioning.
Parking features include on-street and covered options. The property is served by public water and public sewer.
Parking features include on-street and covered options. The property is served by public water and public sewer.
Key Highlights
- 9,125‑square‑foot building on a 1.05‑acre lot
- Front office, kitchen, loft, and warehouse/work area
- Covered outdoor area and covered parking
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A 1981 property combines office and kitchen areas with a loft, warehouse workspace, and covered outdoor space.
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 building on a 1.05‑acre lot; Front office, kitchen, loft, and warehouse/work area; Covered outdoor area and covered parking
