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    125 Citiplace Dr Houma, LA 70360

    Sponsored
    For Sale
    $345,279

    Prime 20,926 SF lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,926 square foot commercial land parcel presents a unique investment opportunity in Houma, Louisiana. Located at 125 Citiplace Dr, this C-2 zoned property boasts a prime location on Houma's main retail corridor, directly across from Walk-On's and adjacent to Regions Bank. The high-traffic area sees over 30,000 vehicles daily, making it ideal for a variety of commercial ventures. Nearby establishments include Synergy Bank, Rouses Grocery Store, Sam's Club, Walmart, and Lowe's, ensuring high visibility and foot traffic. The asking price is $345,279, translating to $16.50 per square foot. This property is poised for immediate development

    Property Features for 125 Citiplace Dr

    General Information

    Property type
    Land

    HighLights

    • 20,926 SF Land Area
    • $345,279 Sale Price
    • $16.50/SF Land Price
    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 20,926 SF lot, high traffic area.
    Where is this land located?
    The property is located at 125 Citiplace Dr Houma, LA.
    What is the asking price?
    The asking price for this property is $345,279.
    What are key features of this property?
    This property features: 20,926 SF Land Area; $345,279 Sale Price; $16.50/SF Land Price
    Request Owner's contact information
    125 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
    125 Citiplace Dr Houma, LA 70360
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