Warehouse with Office and
1500 Grand Caillou Rd Houma, LA 70363
1500 Grand Caillou Rd, Houma, LA, 70363
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For Sale
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Warehouse/office with covered storage on approximately 1.925 acres.
Property Size3,361 SF
Lot Size1.93 Acres
Price / SF$93.72
Days on Market1066
Property Features for 1500 Grand Caillou Rd
General Information
- Standard status
- Active
- Size
- 3,361 SF
- Lot size
- 1.93 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing Agency
Keller Williams Realty Bayou Partners
(985) 226-3337
Listed by
Michelle Parsons · License #LA18238
Source
Crexi
Added: Aug 18, 2023 Checked: Jul 17 at 6:42 am
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 Keller Williams Realty Bayou Partners
Investment Insights
Based on property information with market context.
This property, located at the intersection of Grand Caillou Road and Moffet Road, features a 2410 square foot warehouse/office space with a kitchen area. Additionally, there is a 951 square foot rear office/apartment that includes a full bathroom and kitchen area. The property also offers 1495 square feet of covered storage. The warehouse is equipped with three roll-up doors. Situated on approximately 1.925 acres, the property has approximately 194.80 feet of frontage on LA Highway 57, also known as Grand Caillou Road. Ample parking is available.
Key Highlights
- 1.925 Acres with 194.80 ft Frontage on LA Highway 57
- 2410 Sq Ft Warehouse/Office with Kitchen
- Rear 951 Sq Ft Office/Apartment (Full Bathroom and Kitchen)
Local Financial Insights For Warehouse
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 | $31.9k | $9.48 |
| − Vacancy | −$988 | −$0.29 |
| EGI | $30.9k | $9.19 |
| − OpEx | −$4.6k | −$1.38 |
| NOI | $26.2k | $7.81 |
3,361 SF · lease $9.48/SF/yr · vacancy 3.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$752.6K
$658.5K – $878.0K
NOI $52,679 @ 7.0% cap · market cap 16.72%
Second Best
Warehouse
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$926.5K
$810.7K – $1.08M
NOI $64,854 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bailey Industries
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Good Earth Storage — 2102 Industrial Blvd, Houma, LA 70363
- Houma Plaza Storage — 960 Grand Caillou Rd # D, Houma, LA 70363
FAQs
What type of property is this?
Warehouse - Warehouse/office with covered storage on approximately 1.925 acres.
Where is this warehouse located?
The property is located at 1500 Grand Caillou Rd Houma, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1.925 Acres with **194.80 ft Frontage on LA Highway 57**; **2410 Sq Ft Warehouse/Office with Kitchen**; Rear 951 Sq Ft Office/Apartment (Full Bathroom and Kitchen)
