Office-Configured Flex
370 South Van Avenue, Houma, LA 70363
For Sale
$649,000
A 9,125-square-foot facility combines administrative space with warehouse and work areas.
Property Size9,125 SF
Price / SF$71.12
Days on Market67
Property Features for 370 South Van Avenue
General Information
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Good Earth Realty, Inc.
(985) 851-3999
Listed By:
Briana C Sullivan · License #995717403
(985) 226-0097
Source:
Exprealty
Added: Sep 2
Changed: Nov 4
Last Checked: Nov 6 at 12:03PM
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 Good Earth Realty, Inc.
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Investment Insights
Based on property information with market context.
This 9,125-square-foot flex property at 370 South Van Avenue in Houma includes office space, a kitchen, loft, and warehouse/work area. The building also has parking at the front and a covered outdoor area, bringing several functional spaces together at one address.
Key Highlights
- 9,125 square feet of flex space
- Office area, kitchen, loft, and warehouse/work space
- Front parking and a 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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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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 9,125-square-foot facility combines administrative space with warehouse and work areas.
Where is this flex space located?
The property is located at 370 South 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 feet of flex space; Office area, kitchen, loft, and warehouse/work space; Front parking and a covered outdoor area
