Refrigerated Cold Storage
New
For Sale
$135,000
5339 W Main Street, Houma, LA 70364
Commercial Sale, Houma, LA
Property Size1,224 SF
Lot Size0.31 Acres
Price / SF$110.29
Days on Market2
Property Features for 5339 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Loading Dock/Grade, Storage
Subdivision
Rural Tract (no Subd)
Standard status
Active
Size
1,224 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
A BATTURE LOT 100' FRONT AS SHOWN ON "SURVEY OF TRACT A-B-C-D-A IN SECTION 8 T16S R17E." CB 1811/121
Legal Description
A BATTURE LOT 100' FRONT AS SHOWN ON "SURVEY OF TRACT A-B-C-D-A IN SECTION 8 T16S R17E." CB 1811/121
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Building materials
Metal Const
Roof type
Metal
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Drake Eschete · License #995710570
(985) 226-7885
Added: Sep 15
Last Checked: Sep 16 at 5:06PM
MLS# 2026016980
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 refrigerated commercial facility occupies approximately 0.31 acres along West Main Street, with a metal building and metal roof configured for storage and distribution functions. The improvements include two freezer areas, a separate office, multiple overhead doors, and a covered raised loading platform. A paved work and parking area provides additional operating space, while truck access supports deliveries and distribution activity.
The property has approximately 100 feet of road frontage on LA 24 in Houma. Public water and public sewer serve the site. The existing configuration combines refrigerated storage, warehouse functionality, office space, and loading infrastructure within one commercial property.
The property has approximately 100 feet of road frontage on LA 24 in Houma. Public water and public sewer serve the site. The existing configuration combines refrigerated storage, warehouse functionality, office space, and loading infrastructure within one commercial property.
Key Highlights
- Approximately 0.31 acres along West Main Street / LA 24
- Approximately 100 feet of road frontage
- Two freezer areas with separate office space
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
$9,557
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
7.08%
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%
$191,140
$191.1K
Cap Rate 7%
$136,529
$136.5K
Cap Rate 9%
$106,189
$106.2K
Market Conditions
NOI Build-Up for 1,224 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
$11.6K $9.48/SF
− Vacancy
−$360 −$0.29/SF
EGI
$11.2K $9.19/SF
− OpEx
−$1.7K −$1.38/SF
NOI
$9.6K $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%
$191,140
Cap Rate 7%
$136,529
Cap Rate 9%
$106,189
Alternative Uses
Best Use
Warehouse
$136.5K
$119.5K – $159.3K
NOI $9,557 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$112.4K
$98.4K – $131.2K
NOI $7,871 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$337.4K
$295.2K – $393.6K
NOI $23,618 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Metal commercial building with freezer areas, office space, overhead doors, and truck-accessible loading improvements.
Where is this refrigerated & cold storage located?
The property is located at 5339 W Main Street Houma, LA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Approximately 0.31 acres along West Main Street / LA 24; Approximately 100 feet of road frontage; Two freezer areas with separate office space
