Restaurant and Meat
For Sale
$1,450,000
730 Corporate Dr, Houma, LA 70360
Recently built restaurant with dedicated kitchen, prep, retail, smoke-room, office, and drive-through areas.
Property Size5,448 SF
Price / SF$266.15
Days on Market56
Property Features for 730 Corporate Dr
General Information
Standard status
Active
Size
5,448 SF
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Melanie Rogers Bruce · License #0099563122
(985) 790-9205
Source:
Smithsquared
Added: Aug 21
Changed: Oct 9
Last Checked: Oct 7 at 4:28PM
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.
Opened in 2018, this restaurant facility combines customer seating and shop space with substantial back-of-house improvements. The layout includes 1,923 square feet for shop and seating functions, 2,017 square feet of kitchen and preparation areas, a 445-square-foot office with a private restroom, and a 324-square-foot smoke room. An additional 294 square feet supports other uses within the building.
The property sits on 1.059 acres just off Martin Luther King Blvd. in Houma, Louisiana. Exterior improvements include 1,852 square feet of covered outdoor area, 28,816 square feet of concrete parking and drive-through surfaces, and 38 parking spaces. A natural gas generator is also in place to support continued business operations during power interruptions.
The property sits on 1.059 acres just off Martin Luther King Blvd. in Houma, Louisiana. Exterior improvements include 1,852 square feet of covered outdoor area, 28,816 square feet of concrete parking and drive-through surfaces, and 38 parking spaces. A natural gas generator is also in place to support continued business operations during power interruptions.
Key Highlights
- 5,003 SF restaurant and meat market opened in 2018
- 1.059‑acre property with 1,852 SF of covered outdoor area
- 1,923 SF shop and seating area plus 2,017 SF of kitchen and prep space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,286
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,720
$1.7M
Cap Rate 7%
$1,204,086
$1.2M
Cap Rate 9%
$936,511
$936.5K
Market Conditions
NOI Build-Up for 5,448 SF
Gross rent
$117.7K $21.60/SF
− Vacancy
−$5.3K −$0.97/SF
EGI
$112.4K $20.63/SF
− OpEx
−$28.1K −$5.16/SF
NOI
$84.3K $15.47/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,720
Cap Rate 7%
$1,204,086
Cap Rate 9%
$936,511
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,286 @ 7.0% cap · market cap 5.81%
Second Best
Retail
$749.2K
$655.6K – $874.1K
NOI $52,445 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,125 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
621
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
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Grand Buffet — 1779 Martin Luther King Blvd Suite 200, Houma, LA 70360
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recently built restaurant with dedicated kitchen, prep, retail, smoke-room, office, and drive-through areas.
Where is this conventional restaurant located?
The property is located at 730 Corporate Dr Houma, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5,003 SF restaurant and meat market opened in 2018; 1.059‑acre property with 1,852 SF of covered outdoor area; 1,923 SF shop and seating area plus 2,017 SF of kitchen and prep space
