Mixed-Use Property with
For Sale
$600,000
5551 HWY 311, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size3,751 SF
Lot Size1.17 Acres
Price / SF$159.96
Days on Market220
Property Features for 5551 HWY 311
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Standard status
Active
APN
9231
Size
3,751 SF
Lot size
1.17 Acres
Additional Details
Property Use
Office, Warehouse
Taxes and HOA fees
Tax Description
A LOT 204.80' ON THE NORTH SIDE OF HWY. 311 X 237.65'/251' AND 209.72' ACROSS THE REAR AS SHOWN ON "SURVEY OF A TRACT OF LAND BELONGING TO VALHI, INC. AND LOCATED IN SECTION 101, T17S-R17E." CB 1942/640.
Tax Annual Amount
2874
Legal Description
A LOT 204.80' ON THE NORTH SIDE OF HWY. 311 X 237.65'/251' AND 209.72' ACROSS THE REAR AS SHOWN ON "SURVEY OF A TRACT OF LAND BELONGING TO VALHI, INC. AND LOCATED IN SECTION 101, T17S-R17E." CB 1942/640.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Flooring type
Wood, Tile, Vinyl
Building materials
Frame
Roof type
Tile
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Jill Falgout · License #52708
(985) 262-4400
Added: Mar 19
Changed: Oct 23
Last Checked: Oct 24 at 12:06PM
MLS# 2026004959
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines 1,808 square feet of office space with a 1,943-square-foot warehouse, for 3,751 square feet total. The office layout includes three offices, a reception and conference area, and a kitchenette. A mobile home is also present and will remain; its area is not included in the stated total. The site has open green space and a parking lot, with public water and sewer service.
The 1.17-acre property is on Highway 311 near St. Charles Street in Houma. Built in 1978, the improvements have frame construction, central air conditioning, and central natural gas heating.
The 1.17-acre property is on Highway 311 near St. Charles Street in Houma. Built in 1978, the improvements have frame construction, central air conditioning, and central natural gas heating.
Key Highlights
- 1.17‑acre mixed‑use property on Highway 311 near St. Charles Street
- 1,808 SF of office space with three offices, reception and conference area, and kitchenette
- 1,943 SF warehouse on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,289
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,780
$585.8K
Cap Rate 7%
$418,414
$418.4K
Cap Rate 9%
$325,433
$325.4K
Market Conditions
NOI Build-Up for 3,751 SF
Gross rent
$35.6K $9.48/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$34.5K $9.19/SF
− OpEx
−$5.2K −$1.38/SF
NOI
$29.3K $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 Rate 5%
$585,780
Cap Rate 7%
$418,414
Cap Rate 9%
$325,433
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space includes three private offices, a reception and conference area, and a kitchenette.
Where is this mixed-use property located?
The property is located at 5551 HWY 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: 1.17‑acre mixed‑use property on Highway 311 near St. Charles Street; 1,808 SF of office space with three offices, reception and conference area, and kitchenette; 1,943 SF warehouse on site
