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    133 Citiplace Dr Houma, LA 70360

    For Sale
    $302,099

    Prime 18,309 SF lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional commercial land opportunity in Houma, Louisiana, presents itself at 133 Citiplace Dr. This 18,309 square foot lot, priced at $302,099 ($16.50/SF), is ideally situated on a major retail corridor, boasting daily traffic exceeding 30,000 vehicles. Its C-2 commercial zoning makes it perfect for a variety of uses, particularly a standalone restaurant or fast-food drive-thru. The property enjoys a highly visible location across from Walk-On's, adjacent to Regions Bank at the corner of Citiplace Drive and MLK Boulevard, and near other prominent businesses including Synergy Bank, Rouses Grocery Store, Sam's Club, Walmart, and Lowe's. The sale terms are cash to the seller. The property's Assessed Parcel Number (APN) is R03-13289. This is a rare chance to acquire a highly desirable commercial parcel in a thriving Louisiana market within the Houma-Thibodaux Metropolitan Statistical Area (MSA). Development will commence upon securing a lease for a significant portion of the land.

    Property Features for 133 Citiplace Dr

    General Information

    Property type
    Land

    HighLights

    • Cash Sale Preferred
    • Houma‑Thibodaux MSA
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.7600109
    Latitude
    29.6245289

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    FAQs

    What type of property is this?
    Land - Prime 18,309 SF lot, high traffic area.
    Where is this land located?
    The property is located at 133 Citiplace Dr Houma, LA.
    What is the asking price?
    The asking price for this property is $302,099.
    What are key features of this property?
    This property features: Cash Sale Preferred; Houma-Thibodaux MSA;
    Request Owner's contact information
    133 Citiplace Dr 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
    133 Citiplace Dr Houma, LA 70360
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