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    5818 Main St Houma, LA 70360

    Sponsored
    For Lease
    $1.00 SF/Yr ($14,776 /Mo)

    High-visibility retail space near Rouses.

    Lot size:
    177,321 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents 177,321 square feet of vacant space, divisible into units ranging from 55,000 to a maximum contiguous 67,000 square feet. Located on a hard corner with approximately 34,000 vehicles per day, this property boasts excellent visibility on Martin Luther King Jr. Blvd in Houma's thriving retail center. The site is directly adjacent to a new, multi-million dollar Rouses supermarket, scheduled to open in early 2024, ensuring high traffic and exposure. This prime location benefits from proximity to major national retailers including Walmart, Sam's Club, Home Depot, Old Navy, Lowe's, Best Buy, Bed Bath & Beyond, and Shoe Carnival. The property's APN is R01-8184. This is an unparalleled chance to establish a significant retail presence in a high-demand area with exceptional visibility and strong surrounding businesses. The flexible space allows for various retail concepts, making it an ideal investment for businesses seeking a prominent location in a bustling commercial hub. Multiple tenancy options are available.

    Property Features for 5818 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    177,321 SF
    Total Rate
    14776.75

    Unit(s) available at that property

    Space
    Former Grocery Store
    Size
    67,000 SF
    Rate per SF
    $16
    Space
    W Main Outparcel
    Size
    20,000 SF
    Rate per SF
    $1.80

    HighLights

    • Retail and land outparcel opportunity totaling 177,321 square feet.
    • Two spaces available, ranging from 10,000 to 67,000 square feet.
    • High‑profile location adjacent to a new Rouses supermarket (opening early 2024).
    • Excellent visibility and traffic counts (approx. 34,000 VPD) on Martin Luther King Jr. Blvd.
    • Located near major national retailers including Walmart, Sam's Club, Home Depot, and more.
    • APN: R01‑8184.
    Property Profile Location Intelligence

    Current Use by Public Records

    Watermill Express Bottled Water Supplier Redbox Movie Rental Kiosk US Post Office Post Office Coinstar Kiosk | Bitcoin ... Atm Louisiana Fireworks Tent Fireworks Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7610563
    Latitude
    29.6354347

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility retail space near Rouses.
    Where is this individual retail property located?
    The property is located at 5818 Main St Houma, LA.
    What is the lease rate?
    The lease rate is $1.80-$16 SF/Yr.
    What are key features of this property?
    This property features: Retail and land outparcel opportunity totaling 177,321 square feet.; Two spaces available, ranging from 10,000 to 67,000 square feet.; High-profile location adjacent to a new Rouses supermarket (opening early 2024).
    Request Owner's contact information
    5818 Main St Houma, LA 70360
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5818 Main St Houma, LA 70360
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