Refrigerated Cold Storage
For Sale
$135,000
5339 West Main Street, Houma, LA 70364
Cold-storage and warehouse improvements include freezer areas, office space, loading infrastructure, and truck access.
Property Size1,224 SF
Price / SF$110.29
Days on Market47
Property Features for 5339 West Main Street
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Business Opportunity
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Drake Eschete · License #438503182
(985) 226-7885
Source:
Smartmove225
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 19 at 3:53AM
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 KELLER WILLIAMS REALTY BAYOU P
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Investment Insights
Based on property information with market context.
This refrigerated cold-storage property includes approximately 1,100+ sq. ft. of warehouse space, two freezer areas, and a separate office. The improvements are metal construction with a metal roof and include multiple overhead doors, a covered raised loading deck or platform, and paved areas for work and parking.
Positioned along West Main Street / LA 24, the property occupies approximately 0.31 acres with approximately 100 feet of road frontage. Truck access supports deliveries and distribution, while the existing configuration provides refrigeration, storage, office, and loading components in one facility. The property was formerly used for dairy distribution.
Positioned along West Main Street / LA 24, the property occupies approximately 0.31 acres with approximately 100 feet of road frontage. Truck access supports deliveries and distribution, while the existing configuration provides refrigeration, storage, office, and loading components in one facility. The property was formerly used for dairy distribution.
Key Highlights
- Approximately 1,100+ sq. ft. of warehouse/cold‑storage space
- Two freezer areas and a separate office
- Multiple overhead doors with a covered raised loading deck/platform
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,557
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Cold-storage and warehouse improvements include freezer areas, office space, loading infrastructure, and truck access.
Where is this refrigerated & cold storage located?
The property is located at 5339 West 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 1,100+ sq. ft. of warehouse/cold‑storage space; Two freezer areas and a separate office; Multiple overhead doors with a covered raised loading deck/platform
