Office Building with Operations
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 Market92
Property Features for 5366 HWY 311
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking
60
Parking features
Parking Lot
Security features
Security System
Lot features
Level
Directions
From St. Charles St., right onto Highway 311, building on left just past Mystic Blvd.
Standard status
Active
APN
59961
Size
19,862 SF
Lot size
1.92 Acres
Additional Details
Property Use
Office
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
shower facility
card-access security
surveillance cameras
motion-sensor lighting
natural gas generator
LEED certification
Building Details
Year built
2009
Floors in Building
1
Building materials
Concrete
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Hank Babin · License #57860
(985) 262-4400
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2026013599
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 1.92 acres, this 19,862-square-foot office building was constructed in 2009 and redeveloped in 2019. Its interior includes 18 private offices, an 11-station call center, a training room, two conference rooms, two huddle rooms, collaborative workspace, and an open operations area configured for approximately 30 cubicle workstations. Support areas include a break room, mail and file rooms, three copy rooms, six restrooms, and a separate shower facility.
Technology and building systems include Cat6 cabling, a dedicated IT area, a climate-controlled server room with supplemental cooling, card-access controls, surveillance cameras, and motion-sensor lighting. A 350 KW natural gas generator can power the entire facility, and HVAC serves the warehouse and storage areas as well as the rest of the building. The concrete exterior, LEED certification, sprinkler system, central heating and air conditioning, and FEMA Flood Zone X designation are additional property details. The site is zoned C-2 and has public water and sewer.
Technology and building systems include Cat6 cabling, a dedicated IT area, a climate-controlled server room with supplemental cooling, card-access controls, surveillance cameras, and motion-sensor lighting. A 350 KW natural gas generator can power the entire facility, and HVAC serves the warehouse and storage areas as well as the rest of the building. The concrete exterior, LEED certification, sprinkler system, central heating and air conditioning, and FEMA Flood Zone X designation are additional property details. The site is zoned C-2 and has public water and sewer.
Key Highlights
- 19,862 square feet on 1.92 acres
- 18 private offices and an 11‑station call center
- Open operations area configured for approximately 30 cubicle workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,307
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A redeveloped office facility combines private work areas, team spaces, and dedicated technology infrastructure.
Where is this office building 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 feet on 1.92 acres; 18 private offices and an 11‑station call center; Open operations area configured for approximately 30 cubicle workstations
