Waterfront Industrial Site on
115 Menard Rd Houma, LA 70363
115 Menard Rd, Houma, LA, 70363
Contact for pricing
For Sale
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31.05 acre industrial site with 2,220 lf waterfrontage.
Property Size43,278 SF
Lot Size31.05 Acres
Price / SF$113.22
Days on Market1825
Property Features for 115 Menard Rd
General Information
- Standard status
- Active
- Size
- 43,278 SF
- Lot size
- 31.05 Acres
- Property subtype
- Industrial
Listing agency
CBRE New Orleans
(504) 733-4555
Listed by
Bryce French · License #LA 0995690959
Source
Crexi
Added: Jul 23, 2021 Updated: Jul 6 at 8:36AM Checked: Jul 19 at 6:44AM
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 CBRE New Orleans
Investment Insights
Based on property information with market context.
This industrial site encompasses 31.05 acres, situated between Bayou Dularge and Menard Road along the Intracostal Waterway. The property consists of two detached parcels. The primary parcel is located on the east side of Bayou Dularge Road and the north side of Menard Road. The secondary parcel is positioned on the north side of Menard Road at its eastern termination. The site is suitable for waterfront industrial businesses. It features one slip with over 2,220 linear feet of water frontage, including approximately 800 feet of bulkhead. Improvements include 43,278 square feet of buildings.
Key Highlights
- 31.05 (+/-) acre industrial site on the Intracostal Waterway.
- Boasting over 2,220 lf of water frontage.
- Includes one slip.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $410.3k | $9.48 |
| − Vacancy | −$12.7k | −$0.29 |
| EGI | $397.6k | $9.19 |
| − OpEx | −$119.3k | −$2.76 |
| NOI | $278.3k | $6.43 |
43,278 SF · lease $9.48/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.98M
$3.48M – $4.64M
NOI $278,290 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.93M
$10.44M – $13.92M
NOI $835,092 @ 7.0% cap · market cap 17.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
What type of property is this?
Industrial property - 31.05 acre industrial site with 2,220 lf waterfrontage.
Where is this industrial property located?
The property is located at 115 Menard Rd Houma, LA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 31.05 (+/-) acre industrial site on the Intracostal Waterway.; Boasting over 2,220 lf of water frontage.; Includes one slip.
