Renovated Mixed-Use
For Sale
$399,000
7599 Park Ave, Houma, LA 70364
The property combines an open layout, quartz-finished kitchen, and recreation room for flexible commercial use.
Property Size3,321 SF
Price / SF$120.14
Days on Market39
Property Features for 7599 Park Ave
General Information
Standard status
Active
Size
3,321 SF
Zoning
C-2
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Mirambell Realty
(985) 991-8404
Listed By:
Austin Lapeyrouse · License #995699617
Source:
Fiorellaavenue
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 30 at 7:13PM
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 Mirambell Realty
Investment Insights
Based on property information with market context.
Built in 1952 and fully renovated, this 3,321-square-foot mixed-use property offers a four-bedroom, two-and-a-half-bath configuration with an open interior layout. A contemporary kitchen with quartz countertops complements the versatile floor plan, while the recreation room can function as meeting, studio, or lounge space. Off-street parking serves the property, and the site is zoned C-2 for commercial use.
Located at 7599 Park Ave in Downtown Houma, the property sits in an X flood zone, with no flood insurance required according to the provided information. Its central Houma setting is described as minutes from business, medical, and civic hubs. The property is positioned for professional office, boutique retail, wellness practice, or live-work applications.
Located at 7599 Park Ave in Downtown Houma, the property sits in an X flood zone, with no flood insurance required according to the provided information. Its central Houma setting is described as minutes from business, medical, and civic hubs. The property is positioned for professional office, boutique retail, wellness practice, or live-work applications.
Key Highlights
- 3,321‑square‑foot mixed‑use property built in 1952
- Fully renovated interior with an open floor plan and quartz‑countertop kitchen
- Four bedrooms and 2.5 baths
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
$22,915
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
5.74%
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%
$458,300
$458.3K
Cap Rate 7%
$327,357
$327.4K
Cap Rate 9%
$254,611
$254.6K
Market Conditions
NOI Build-Up for 3,321 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
$39.9K $12.00/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$36.7K $11.04/SF
− OpEx
−$13.7K −$4.14/SF
NOI
$22.9K $6.90/SF
Area
Terrebonne County, LA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$458,300
Cap Rate 7%
$327,357
Cap Rate 9%
$254,611
Alternative Uses
Best Use
Office B
$743.6K
$650.7K – $867.5K
NOI $52,052 @ 7.0% cap · market cap 13.05%
Second Best
Mixed Use
$327.4K
$286.4K – $381.9K
NOI $22,915 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$915.5K
$801.0K – $1.07M
NOI $64,082 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an open layout, quartz-finished kitchen, and recreation room for flexible commercial use.
Where is this mixed-use property located?
The property is located at 7599 Park Ave Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,321‑square‑foot mixed‑use property built in 1952; Fully renovated interior with an open floor plan and quartz‑countertop kitchen; Four bedrooms and 2.5 baths
