Houma Restaurant/Retail
730 Corporate Drive, Houma, LA 70360
- Added:
- Feb 11, 2025
- Days on Market:
- 473
- Last Refresh:
- May 30 at 4:06 am
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
MLS# 2025002456
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.
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.
- Enjoy 1,852 SF of covered outdoor area.
- Benefit from 28,816 SF of concrete parking and drive‑thru with 38 parking spaces.
- Natural gas generator ensures no business disruption.
Overview
This recently constructed commercial property, built in 2018, is located just off Martin Luther King Blvd. in Houma, Louisiana. Situated on 1.059 acres, the 5,003 square foot building is suitable for restaurant or retail use. The layout includes 1,923 square feet of shop and seating area, 2,017 square feet of kitchen and prep areas, and 445 square feet of office space with a private restroom. A 324 square foot smoke room and an additional 294 square feet of space are also included. The property features 1,852 square feet of covered outdoor area, not included in the gross building area. There is 28,816 square feet of concrete parking and a drive-thru, providing 38 parking spaces. A natural gas generator ensures uninterrupted business operations. The property is located in the retail corridor serving 4 Parishes and the center of Terrebonne.
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 |
5,448 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.758936
- Latitude
- 29.612254
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Recently built restaurant/retail property on 1.059 acres in Houma.
Where is this restaurant located?
The property is located at 730 Corporate Drive 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: 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.
