Office Warehouse on Corner
For Sale
Contact for pricing
2156 Denley Rd, Houma, LA 70363
Two-story office/warehouse with laydown yard and covered storage.
Property Size10,639 SF
Price / SF$75.20
Days on Market686
Property Features for 2156 Denley Rd
General Information
Standard status
Active
Size
10,639 SF
Property subtype
Industrial, Office
Zoning
Unrestricted
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Elifin Realty - New Orleans, LA
(337) 446-3536
Listed By:
Caden LeBlanc · License #SALE.995716536-ACT
Source:
Crexi
Added: Oct 15, 2024
Changed: Aug 27
Last Checked: Aug 31 at 10:53AM
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
The property at 2156 Denley Rd, Houma, LA 70363, is a two-story office/warehouse with a total area of approximately 10,639 square feet. Situated on a corner lot, the property features unrestricted zoning. It includes a large laydown yard, covered storage space, and four grade-level doors, offering flexibility for various uses. The office portion of the building contains multiple suites and conference rooms, making it suitable for businesses that require both office and warehouse functionalities.
Key Highlights
- ±10,639 SF two‑story office/warehouse
- Unrestricted zoning
- Large laydown yard available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,368,240
$1.4M
Cap Rate 7%
$977,314
$977.3K
Cap Rate 9%
$760,133
$760.1K
Market Conditions
NOI Build-Up for 10,639 SF
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.
Gross rent
$100.9K $9.48/SF
− Vacancy
−$3.1K −$0.29/SF
EGI
$97.7K $9.19/SF
− OpEx
−$29.3K −$2.76/SF
NOI
$68.4K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,368,240
Cap Rate 7%
$977,314
Cap Rate 9%
$760,133
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,589 @ 7.0% cap · market cap 12.20%
Second Best
Industrial
$977.3K
$855.2K – $1.14M
NOI $68,412 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,290 @ 7.0% cap · market cap 25.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office/warehouse with laydown yard and covered storage.
Where is this flex space located?
The property is located at 2156 Denley Rd Houma, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: ±10,639 SF two‑story office/warehouse; Unrestricted zoning; Large laydown yard available
