Flex Space with Dock-High Loading
For Sale
Contact for pricing
5366 Highway 311, Houma, LA 70360
C-2 zoned, LEED-certified flex space with a climate-controlled warehouse, fully sprinklered interior, and controlled card access.
Property Size19,862 SF
Lot Size1.92 Acres
Price / SF$188.80
Days on Market18
Property Features for 5366 Highway 311
General Information
Standard status
Active
Size
19,862 SF
Class
A
Total Parking Spaces
60
Lot size
1.92 Acres
Property subtype
Office
Zoning
C2 - General Commercial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
2
Sprinkler System
Yes
Conditioned Warehouse
Yes
Additional Details
Furnished
No
Asking Price
$3,750,000
Amenities
private offices
open operations floor
communications center
employee training room
conference rooms
huddle rooms
employee break room
restrooms
shower facility
copy rooms
mail room
file room
janitorial/wash area
Cat6 cabling
dedicated IT department
IT manager's office
climate-controlled server room
supplemental HVAC
controlled card access
video surveillance
motion-sensor lighting
natural gas generator
Building Details
Year Built
2009
Year Renovated
2019
Buildings
1
Stories
1
Units
1
Building Size
19,862 SF
Construction
concrete
Abandoned
No
Listing Agency:
KW Commercial South
Listed By:
Logan "Hank" Babin, III, CRE, MBA · License #LA 57860
Source:
Crexi
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 11 at 10:26AM
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 KW Commercial South
Investment Insights
Based on property information with market context.
This flex space was purpose-built as a corporate operations and business continuity center, originally constructed in 2009 and comprehensively redeveloped in 2019. The property includes a mix of executive office space, open operations areas, and dedicated communications and training facilities, along with operational support rooms and multiple employee amenities. The technology and security infrastructure is built in, including Cat6 cabling throughout, a dedicated IT department with a manager’s office, a climate-controlled server room with supplemental HVAC, controlled card access, and video surveillance, supported by motion-sensor lighting.
Operational reliability is further reinforced by a fully sprinklered interior, concrete exterior construction, and complete HVAC coverage throughout the entire facility. The operations component includes a climate-controlled warehouse/storage area with two recessed dock-high loading bays for logistics, equipment staging, and inventory management. A 350 kW full-building natural gas generator is in place to provide backup power to the entire facility.
The facility sits on 1.92 acres along Louisiana Highway 311 and is listed as flood zone X, with first floor elevation at 12.49 feet. The roof was replaced in 2022, and the property is offered in a move-in-ready configuration with furniture available by separate negotiation.
Operational reliability is further reinforced by a fully sprinklered interior, concrete exterior construction, and complete HVAC coverage throughout the entire facility. The operations component includes a climate-controlled warehouse/storage area with two recessed dock-high loading bays for logistics, equipment staging, and inventory management. A 350 kW full-building natural gas generator is in place to provide backup power to the entire facility.
The facility sits on 1.92 acres along Louisiana Highway 311 and is listed as flood zone X, with first floor elevation at 12.49 feet. The roof was replaced in 2022, and the property is offered in a move-in-ready configuration with furniture available by separate negotiation.
Key Highlights
- 1.92‑acre flex space along Louisiana Highway 311 in flood zone X
- Built 2009, redeveloped 2019, roof replaced 2022
- Climate‑controlled warehouse/storage plus two recessed dock‑high loading bays
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
Property Profile
Current Use
Lease Details
2
Dock-high doors
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - C-2 zoned, LEED-certified flex space with a climate-controlled warehouse, fully sprinklered interior, and controlled card access.
Where is this flex space located?
The property is located at 5366 Highway 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: 1.92‑acre flex space along Louisiana Highway 311 in flood zone X; Built 2009, redeveloped 2019, roof replaced 2022; Climate‑controlled warehouse/storage plus two recessed dock‑high loading bays
