Flex Property with Heated
601 Crescent Blvd, Houma, LA 70360
For Sale
$585,000
Separate office and warehouse areas pair with multiple overhead doors and a fenced outdoor area.
Property Size8,116 SF
Lot Size0.52 Acres
Price / SF$85.58
Days on Market38
Property Features for 601 Crescent Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Conditioned Warehouse
Amenities
security cameras
kitchen/breakroom
Vacant
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Heck Realty
Listed By:
Mike Heck · License #35214
(985) 688-8787
Source:
Lacdb.resimplifi
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 7 at 1:26PM
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 Heck Realty
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Investment Insights
Based on property information with market context.
Built in 2000, this 8,116-square-foot flex property includes 1,280 square feet of office space and a 6,836-square-foot heated warehouse. The office layout has three offices, a kitchen and breakroom, a full bathroom with a shower, and a 26-by-25-foot open area. A loft sits above the office section. The warehouse has six overhead doors, and an enclosed rear area connects to two of them.
The property occupies a 0.52-acre corner lot with a fenced limestone area. Recent work includes a new roof, insulation, flooring, bathroom, and breakroom. Security cameras and building lighting are also in place. The zoning is C2.
The property occupies a 0.52-acre corner lot with a fenced limestone area. Recent work includes a new roof, insulation, flooring, bathroom, and breakroom. Security cameras and building lighting are also in place. The zoning is C2.
Key Highlights
- 8,116‑square‑foot building on 0.52 acres
- Heated 6,836‑square‑foot warehouse with six overhead doors: two 12' x 12' and four 8' x 10'
- 1,280 square feet of office space with three offices, kitchen/breakroom, full bath with shower, and 26' x 25' open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,377
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,540
$1.1M
Cap Rate 7%
$762,529
$762.5K
Cap Rate 9%
$593,078
$593.1K
Market Conditions
NOI Build-Up for 6,836 SF
Gross rent
$64.8K $9.48/SF
− Vacancy
−$2.0K −$0.29/SF
EGI
$62.8K $9.19/SF
− OpEx
−$9.4K −$1.38/SF
NOI
$53.4K $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%
$1,067,540
Cap Rate 7%
$762,529
Cap Rate 9%
$593,078
Alternative Uses
Best Use
Flex RnD
$895.8K
$783.8K – $1.05M
NOI $62,705 @ 7.0% cap · market cap 10.72%
Second Best
Warehouse
$762.5K
$667.2K – $889.6K
NOI $53,377 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,907 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
484
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
$297,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Houma, LA
Properties on Market for Flex space in Houma
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Separate office and warehouse areas pair with multiple overhead doors and a fenced outdoor area.
Where is this flex space located?
The property is located at 601 Crescent Blvd Houma, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 8,116‑square‑foot building on 0.52 acres; Heated 6,836‑square‑foot warehouse with six overhead doors: two 12' x 12' and four 8' x 10'; 1,280 square feet of office space with three offices, kitchen/breakroom, full bath with shower, and 26' x 25' open area
