Building Details

Year Built 1952

Buildings 1

Listing Agency: Mirambell Realty

Listed By: Austin Lapeyrouse · License #995699617 Show Phone

Source: Dominionplace

Added: Jul 24 Changed: Oct 7 Last Checked: Oct 7 at 3:45PM

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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.

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 / Yr

$22,915

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $52,052 @ 7.0% cap · market cap 13.05%

Second Best

Mixed Use

$327.4K

$286.4K – $381.9K (±1% cap)

NOI $22,915 @ 7.0% cap · market cap 5.74%

Theoretical Best

Office A

$915.5K

$801.0K – $1.07M (±1% cap)

NOI $64,082 @ 7.0% cap · market cap 16.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Travel Agency Grocery & Convenience Store Computer & Electronic Repair Tattoo & Piercing Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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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