Building Details

Buildings 1

Building Size 15,330 SF

Tenancy Single

Listing Agency: Elifin Realty

Listed By: Caden LeBlanc · License #SALE.995716536-ACT Show Phone

Source: Lacdb.resimplifi

Added: Jan 30 Changed: Oct 12 Last Checked: Oct 16 at 5:41AM

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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

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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.

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 / Yr

$119,700

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,394,000 $2.4M

Cap Rate 7%

$1,710,000 $1.7M

Cap Rate 9%

$1,330,000 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,330 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $295,808 @ 7.0% cap · market cap 21.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

GHX Industrial, LLC. Big Box & Wholesale Store XPOWER Factory

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Garden Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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