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    Dual-Frontage Corner Redevelopment Lot Title is generated by Realmo AI

    7803-7811 Main Street, Houma, LA 70360

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    Prominent corner site with dual frontage across multiple adjacent street addresses in Historic Downtown Houma.

    Type:Land
    Property size:
    4,163 SF
    Price / SF:
    $74/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:18 am

    Property Features for 7803-7811 Main Street

    General Information

    Standard status
    Active
    Size
    4,163 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Shantelle Abshire
    Shantelle Abshire

    Listing agent Shantelle Abshire License #995699245

    Listing office Canal & Main Realty

    Listing date May 28, 2026

    Source Crexi

    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 Canal & Main Realty

    HighLights

    • Prominent dual‑frontage corner redevelopment site in Historic Downtown Houma
    • Corner lot spans multiple adjacent street addresses: 7803, 7805, 7807, 7809, and 7811
    • Redevelopment opportunity at the Main and Lafayette intersection (buyer to verify all measurements)

    Overview

    This offering is a redevelopment corner lot with dual frontage, presented as an assemblage across multiple adjacent addresses: 7803, 7805, 7807, 7809, and 7811. The property is being marketed for redevelopment, and prospective purchasers are encouraged to confirm all measurements independently.

    Situated in Historic Downtown Houma, the site’s corner position is intended to provide exposure from two directions within the downtown core. The public remarks describe the location in the context of ongoing downtown revitalization activity, reinforcing the redevelopment focus of the assemblage.

    For buyers seeking a retail or mixed-use redevelopment opportunity, this configuration may be attractive because it consolidates several storefront addresses into one corner footprint. The dual-frontage layout can support tenant plans that benefit from visibility and access from more than one street side, subject to buyer verification and feasibility for the intended use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7240856
    Latitude
    29.5971654

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    FAQs

    What type of property is this?
    Commercial land - Prominent corner site with dual frontage across multiple adjacent street addresses in Historic Downtown Houma.
    Where is this commercial land located?
    The property is located at 7803-7811 Main Street Houma, LA.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Prominent dual‑frontage corner redevelopment site in Historic Downtown Houma; Corner lot spans multiple adjacent street addresses: 7803, 7805, 7807, 7809, and 7811; Redevelopment opportunity at the Main and Lafayette intersection (buyer to verify all measurements)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shantelle Abshire
    Shantelle Abshire
    Real Estate License ID: 995699245
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7803-7811 Main Street, Houma, LA 70360
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