NNN-Leased Industrial
For Sale
$1,399,000
520 Magnolia St, Houma, LA 70360
Fully leased C2 commercial property with an NNN lease extending through March 2028.
Property Size15,330 SF
Lot Size0.49 Acres
Price / SF$91.26
Days on Market214
Property Features for 520 Magnolia St
General Information
Standard status
Active
Size
15,330 SF
Lot size
0.49 Acres
Property subtype
Industrial
Zoning
C2
Occupancy
100%
Financials
Cap Rate
8.81%
Gross Income
$123,600
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
15,330 SF
Tenancy
Single
Listing Agency:
Elifin Realty
(337) 446-3536
Listed By:
Caden LeBlanc · License #SALE.995716536-ACT
(337) 446-3536
Source:
Lacdb.resimplifi
Added: Jan 30
Changed: Aug 31
Last Checked: Aug 31 at 1:05PM
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 NNN property includes an approximately 15,330 SF industrial building on approximately 0.49 acres. The asset is zoned C2 – General Commercial District and is fully leased to GHX Industrial under an NNN lease scheduled to remain in effect through March 2028. The lease carries an 8.81% cap rate and provides an established occupancy profile for the property.
The site is located at 520 Magnolia St in Houma, seconds from Little Black Bayou Rd (LA-311) and approximately 1 mile from W Main St (LA-24). Its position provides direct access to regional routes serving the Houma area.
The site is located at 520 Magnolia St in Houma, seconds from Little Black Bayou Rd (LA-311) and approximately 1 mile from W Main St (LA-24). Its position provides direct access to regional routes serving the Houma area.
Key Highlights
- Fully leased NNN property with lease term through March 2028
- Approximately 15,330 SF industrial building
- Approximately 0.49‑acre lot
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
$119,700
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
8.56%
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%
$2,394,000
$2.4M
Cap Rate 7%
$1,710,000
$1.7M
Cap Rate 9%
$1,330,000
$1.3M
Market Conditions
NOI Build-Up for 15,330 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
$145.3K $9.48/SF
− Vacancy
−$4.5K −$0.29/SF
EGI
$140.8K $9.19/SF
− OpEx
−$21.1K −$1.38/SF
NOI
$119.7K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,394,000
Cap Rate 7%
$1,710,000
Cap Rate 9%
$1,330,000
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,700 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,808 @ 7.0% cap · market cap 21.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
571
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased C2 commercial property with an NNN lease extending through March 2028.
Where is this nnn property located?
The property is located at 520 Magnolia St Houma, LA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Fully leased NNN property with lease term through March 2028; Approximately 15,330 SF industrial building; Approximately 0.49‑acre lot
