Corporate Operations Flex
For Sale
$3,750,000
5366 Hwy 311, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size19,862 SF
Lot Size1.92 Acres
Price / SF$188.80
Days on Market50
Property Features for 5366 Hwy 311
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 6
Parking
60
Parking features
Parking Lot
Security features
Security System
Exterior features
Loading Dock/Well
Accessibility
Accessible Approach with Ramp
Subdivision
Mystic
Directions
From St. Charles St., right onto Highway 311, building on left just past Mystic Blvd.
Standard status
Active
Size
19,862 SF
Lot size
1.92 Acres
Taxes and HOA fees
Tax Description
Westernmost 34' of Lot 5, all of Lots 6, 7 & * Mystic Subdivision
Legal Description
Westernmost 34' of Lot 5, all of Lots 6, 7 & * Mystic Subdivision
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
18 private offices
11-station call center
large employee training room
two conference rooms
two huddle rooms
expansive collaborative workspace
open operations area with cubicle workstations
copy rooms
dedicated mail room
file room
janitorial and wash area
spacious employee break room
restrooms
separate shower facility
Cat6 data cabling throughout
dedicated IT department with multiple workstations
IT manager's office
climate-controlled server room with equipment racks and supplemental cooling
card-access security
surveillance cameras
motion-sensor lighting
LEED certification
350 KW natural gas generator
complete HVAC coverage throughout including warehouse and storage areas
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Concrete
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Hank Babin · License #57860
(985) 804-9991
Added: Jul 24
Changed: Sep 5
Last Checked: Sep 11 at 6:06AM
MLS# 2026013599
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 19,862-square-foot flex facility occupies 1.92 acres and combines office, operations, storage, and support areas within a concrete building. The interior includes 18 private offices, an 11-station call center, a training room, two conference rooms, two huddle rooms, collaborative workspace, and an operations area with approximately 30 cubicle workstations. Additional accommodations include copy rooms, a mail room, file room, break room, six restrooms, and a separate shower facility.
Operational infrastructure includes Cat6 cabling, a dedicated IT area, a climate-controlled server room with equipment racks and supplemental cooling, card-access security, surveillance cameras, motion-sensor lighting, and a fully sprinklered interior. A 350 KW natural gas generator can power the entire facility, while HVAC coverage extends throughout the building, including warehouse and storage areas. The property is LEED certified and located in FEMA Flood Zone X, with a loading dock, parking lot, public water, and public sewer.
Operational infrastructure includes Cat6 cabling, a dedicated IT area, a climate-controlled server room with equipment racks and supplemental cooling, card-access security, surveillance cameras, motion-sensor lighting, and a fully sprinklered interior. A 350 KW natural gas generator can power the entire facility, while HVAC coverage extends throughout the building, including warehouse and storage areas. The property is LEED certified and located in FEMA Flood Zone X, with a loading dock, parking lot, public water, and public sewer.
Key Highlights
- 19,862‑square‑foot flex facility on 1.92 acres
- 18 private offices, 11‑station call center, training room, and conference facilities
- Operations area configured with approximately 30 cubicle workstations
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
$311,307
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
8.30%
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%
$6,226,140
$6.2M
Cap Rate 7%
$4,447,243
$4.4M
Cap Rate 9%
$3,458,967
$3.5M
Market Conditions
NOI Build-Up for 19,862 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
$536.3K $27.00/SF
− Vacancy
−$121.2K −$6.10/SF
EGI
$415.1K $20.90/SF
− OpEx
−$103.8K −$5.22/SF
NOI
$311.3K $15.67/SF
Area
Terrebonne County, LA
Vacancy
22.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,226,140
Cap Rate 7%
$4,447,243
Cap Rate 9%
$3,458,967
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,307 @ 7.0% cap · market cap 8.30%
Second Best
Flex RnD
$2.60M
$2.28M – $3.04M
NOI $182,190 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$5.48M
$4.79M – $6.39M
NOI $383,257 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Purpose-built flex facility combining offices, call-center space, training areas, and operational support functions under one roof.
Where is this flex space located?
The property is located at 5366 Hwy 311 Houma, LA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 19,862‑square‑foot flex facility on 1.92 acres; 18 private offices, 11‑station call center, training room, and conference facilities; Operations area configured with approximately 30 cubicle workstations
