730 Corporate Drive Houma, LA 70360
COMMERCIAL - Houma, LA
Property Features for 730 Corporate Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Security features
- Security System
- Exterior features
- Door Sign, Pole Sign, Roof Sign
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 5,448 SF
- Lot size
- 1.06 Acres
Taxes and HOA fees
- Tax Description
- TRACT C-2-A7, 3040 COMMERCIAL PARK SUBD.
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Concrete, Tile - Ceramic
- Building materials
- Brick, Metal Const
- Roof type
- Metal
Listing agent Melanie Rogers Bruce License #37498 (985) 790-9205
Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA (985) 262-4400
Listing date Feb 11, 2025
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Site improvements include 28,816 SF of concrete parking and drive-thru with 38 parking spaces. The property is described as located just off Martin Luther King Blvd within the retail corridor serving four parishes and the center of Terrebonne. Natural gas generator is included for business continuity.
Key Highlights
- Recently built (2018) 5,003 SF meat market/restaurant.
- Located on 1.059 acres just off Martin Luther King Blvd. in the retail corridor of Houma.
- Features 1,923 SF shop/seating area and 2,017 SF of kitchen/prep areas.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.7k | $21.60 |
| − Vacancy | −$5.3k | −$0.97 |
| EGI | $112.4k | $20.63 |
| − OpEx | −$28.1k | −$5.16 |
| NOI | $84.3k | $15.47 |
