Highway 311 Mixed-Use Commercial
5551 Highway 311 Houma, LA 70360
5551 Highway 311, Houma, LA, 70360
$600,000
For Sale
$600,000
Mixed-use commercial property with office, warehouse, and development potential.
Property Size3,751 SF
Price / SF$159.96
Days on Market121
Property Features for 5551 Highway 311
General Information
- Standard status
- Active
- Size
- 3,751 SF
Listing Agency
KELLER WILLIAMS REALTY BAYOU P
(985) 209-5845
Listed by
Jill Falgout · License #52708
(985) 209-5845
Source
Exprealty
Added: Mar 19 Checked: Jul 16 at 12:56 am
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 mixed-use commercial property is primely located with high visibility along Highway 311. The site includes ample parking and open green space available for future development. The property features an 1808 square foot office space with three offices, a reception/conference area, and a kitchenette. Additionally, there is a 1943 square foot warehouse on site for storage. An existing mobile home is located on the premises and will remain; its square footage is not included in the total square footage of the property. This commercial tract offers opportunity for multi-level streams of income.
Key Highlights
- High visibility location on Highway 311.
- Mixed‑use commercial potential.
- Ample parking.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $9.48 |
| − Vacancy | −$1.1k | −$0.29 |
| EGI | $34.5k | $9.19 |
| − OpEx | −$5.2k | −$1.38 |
| NOI | $29.3k | $7.81 |
3,751 SF · lease $9.48/SF/yr · vacancy 3.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$839.9K
$734.9K – $979.9K
NOI $58,791 @ 7.0% cap · market cap 9.80%
Second Best
Warehouse
$418.4K
$366.1K – $488.2K
NOI $29,289 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.03M
$904.7K – $1.21M
NOI $72,379 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial property with office, warehouse, and development potential.
Where is this mixed-use property located?
The property is located at 5551 Highway 311 Houma, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High visibility location on Highway 311.; Mixed‑use commercial potential.; Ample parking.
