Mixed-Use Building with
6748 West Park Avenue, Houma, LA 70364
For Sale
$485,000
C-2-zoned property combines office, warehouse, storage, and recently updated living space.
Property Size3,829 SF
Lot Size0.50 Acres
Price / SF$126.66
Days on Market41
Property Features for 6748 West Park Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
HECK REALTY, INC.
(985) 876-8100
Listed By:
Shawn M Heck · License LA #995691805
(985) 856-3838
Source:
Anslumrealestate
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 9 at 8:54AM
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, INC.
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Investment Insights
Based on property information with market context.
This 3,829-square-foot, 1.5-story mixed-use property occupies approximately 0.50 acres. The ground floor contains two offices totaling 468 square feet, a half bath, 1,987 square feet of warehouse or garage area, and 453 square feet of storage. A 921-square-foot apartment on the upper level includes a bedroom, kitchen, studio area, and full bath; it was recently renovated. Five overhead doors serve the building: one 10-by-10-foot door and four 8-by-8-foot doors.
The property is on the bayou side and along a parade route, with parking on site. It is zoned C-2 and lies in Flood Zone X, identified as having minimal flood hazard. The building was constructed in 1988. Its most recent use was as a used car lot.
The property is on the bayou side and along a parade route, with parking on site. It is zoned C-2 and lies in Flood Zone X, identified as having minimal flood hazard. The building was constructed in 1988. Its most recent use was as a used car lot.
Key Highlights
- 3,829‑square‑foot building on approximately 0.50 acres
- 1,987‑square‑foot warehouse or garage area, plus 453 square feet of storage
- Upper‑level 921‑square‑foot apartment with bedroom, kitchen, studio area, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,898
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,960
$598.0K
Cap Rate 7%
$427,114
$427.1K
Cap Rate 9%
$332,200
$332.2K
Market Conditions
NOI Build-Up for 3,829 SF
Gross rent
$36.3K $9.48/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$35.2K $9.19/SF
− OpEx
−$5.3K −$1.38/SF
NOI
$29.9K $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%
$597,960
Cap Rate 7%
$427,114
Cap Rate 9%
$332,200
Alternative Uses
Best Use
Warehouse
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 6.16%
Second Best
Mixed Use
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines office, warehouse, storage, and recently updated living space.
Where is this mixed-use property located?
The property is located at 6748 West Park Avenue Houma, LA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,829‑square‑foot building on approximately 0.50 acres; 1,987‑square‑foot warehouse or garage area, plus 453 square feet of storage; Upper‑level 921‑square‑foot apartment with bedroom, kitchen, studio area, and full bath
