Meat Market and
For Sale
$1,450,000
730 CORPORATE DRIVE, Houma, LA 70360
Commercial Sale, Houma, LA
Property Size5,448 SF
Lot Size1.06 Acres
Price / SF$266.15
Days on Market619
Property Features for 730 CORPORATE DRIVE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Security features
Security System
Standard status
Active
APN
50361
Size
5,448 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Description
TRACT C-2-A7, 3040 COMMERCIAL PARK SUBD.
Tax Annual Amount
12168
Legal 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
Amenities
covered outdoor area
natural gas generator
Building Details
Year built
2017
Flooring type
Concrete, Tile - Ceramic
Building materials
Brick, Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Melanie Rogers Bruce · License #0099563122
(985) 262-4400
Added: Feb 11, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2025002456
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,003-square-foot meat market and restaurant sits on 1.059 acres and opened in 2018. The interior includes 1,923 square feet for retail and seating, 2,017 square feet of kitchen and preparation space, 445 square feet of office area with a private restroom, and a 324-square-foot smoke room. An additional 294 square feet is identified as other space. Covered outdoor area adds 1,852 square feet outside the gross building area.
The site is just off Martin Luther King Blvd. in Houma. Concrete paving accommodates 38 parking spaces and drive-through circulation across 28,816 square feet. Building features include brick and metal siding, with central heating and air conditioning. Natural gas is available, and the property has public water and sewer service.
The site is just off Martin Luther King Blvd. in Houma. Concrete paving accommodates 38 parking spaces and drive-through circulation across 28,816 square feet. Building features include brick and metal siding, with central heating and air conditioning. Natural gas is available, and the property has public water and sewer service.
Key Highlights
- 5,003‑square‑foot meat market and restaurant on 1.059 acres
- Interior includes 1,923 SF of retail and seating space
- 2,017 SF kitchen and prep area; 324 SF smoke room
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A purpose-built food-service property combines customer seating, commercial prep space, a smoke room, and drive-through operations.
Where is this mixed-use property 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: 5,003‑square‑foot meat market and restaurant on 1.059 acres; Interior includes 1,923 SF of retail and seating space; 2,017 SF kitchen and prep area; 324 SF smoke room
