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 Market10
Property Features for 730 Corporate Dr
General Information
Standard status
Active
Size
5,448 SF
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 790-9205
Listed By:
Melanie Rogers Bruce · License #0099563122
Source:
Smithsquared
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 2:15PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,286
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
