Refrigerated Cold Storage
New
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 Market2
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
Last Checked: Sep 16 at 2:37PM
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
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 = 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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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
