Updated Mixed-Use Office
For Sale
$189,500
501 Sunset Ave, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size1,197 SF
Lot Size0.16 Acres
Price / SF$158.31
Days on Market232
Property Features for 501 Sunset Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
On Street
Subdivision
Crescent Park Add
Lot features
Corner Lot, Corner Lot
Standard status
Active
Size
1,197 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT 10 BLOCK 4 CRESCENT PARK ADDITION.
Legal Description
LOT 10 BLOCK 4 CRESCENT PARK ADDITION.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic, Wood
Building materials
Frame
Roof type
Composition
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Molly Usie · License #912122266
(985) 855-2945
Added: Jan 11
Changed: Aug 19
Last Checked: Aug 31 at 2:06AM
MLS# 2026000597
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.
Investment Insights
Based on property information with market context.
This 1,197-square-foot mixed-use property is arranged for professional office occupancy, with three separate offices, a front reception nook, a full bathroom, and a kitchen area. The kitchen is prepared for stove reinstallation, with the existing hood vent still in place. Interior finishes include ceramic tile and wood flooring, supported by central heating and central air conditioning.
Positioned on a 0.16-acre corner lot at 501 Sunset Ave in Houma, the property offers on-street parking and additional rear space that can accommodate future parking or expansion. Public water and sewer serve the site. Its location provides access to Hwy 311 and Barrow St. while retaining a quieter setting. The property is also identified as suitable for conversion back to residential use.
Positioned on a 0.16-acre corner lot at 501 Sunset Ave in Houma, the property offers on-street parking and additional rear space that can accommodate future parking or expansion. Public water and sewer serve the site. Its location provides access to Hwy 311 and Barrow St. while retaining a quieter setting. The property is also identified as suitable for conversion back to residential use.
Key Highlights
- 1,197 SF mixed‑use property on a 0.16‑acre corner lot
- Three offices, front nook, full bathroom, and kitchen area
- Existing hood vent remains for stove reinstallation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,259
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$165,180
$165.2K
Cap Rate 7%
$117,986
$118.0K
Cap Rate 9%
$91,767
$91.8K
Market Conditions
NOI Build-Up for 1,197 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.4K $12.00/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$13.2K $11.04/SF
− OpEx
−$5.0K −$4.14/SF
NOI
$8.3K $6.90/SF
Area
Terrebonne County, LA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$165,180
Cap Rate 7%
$117,986
Cap Rate 9%
$91,767
Alternative Uses
Best Use
Office B
$268.0K
$234.5K – $312.7K
NOI $18,761 @ 7.0% cap · market cap 9.90%
Second Best
Mixed Use
$118.0K
$103.2K – $137.7K
NOI $8,259 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$330.0K
$288.7K – $385.0K
NOI $23,097 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional office layout with ceramic tile, wood flooring, and central HVAC.
Where is this mixed-use property located?
The property is located at 501 Sunset Ave Houma, LA.
What is the asking price?
The asking price for this property is $189,500.
What are key features of this property?
This property features: 1,197 SF mixed‑use property on a 0.16‑acre corner lot; Three offices, front nook, full bathroom, and kitchen area; Existing hood vent remains for stove reinstallation
