Restaurant and Office
For Sale
$399,000
9892 E MAIN ST, Houma, LA 70363
Commercial Sale, Houma, LA
Property Size4,723 SF
Lot Size0.10 Acres
Price / SF$84.48
Days on Market1344
Property Features for 9892 E MAIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Off E Main Street
Standard status
Active
APN
24193
Size
4,723 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
Building on property leased from the Houma-Terrebonne Airport commission Acct. A03C-42167, Lease NO DE-1-99.
Legal Description
Building on property leased from the Houma-Terrebonne Airport commission Acct. A03C-42167, Lease NO DE-1-99.
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
2
Roof type
Metal
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Michelle J Parsons · License #18238
(985) 262-4400
Added: Feb 17, 2023
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2023002806
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,723-square-foot building contains a restaurant and a 733-square-foot office on the second floor. The property sits on leased land, and the sale requires airport approval. A month-to-month tenant currently occupies the building.
Repairs completed since Hurricane Ida include replacement of the interior and exterior air-conditioning equipment, installation of a metal roof, and new sheetrock, paint, and flooring. The building has central heating and cooling, with natural gas available and public sewer service.
Repairs completed since Hurricane Ida include replacement of the interior and exterior air-conditioning equipment, installation of a metal roof, and new sheetrock, paint, and flooring. The building has central heating and cooling, with natural gas available and public sewer service.
Key Highlights
- 4,723‑square‑foot building on 0.1 acres of leased land
- 733‑square‑foot office on the second floor above the restaurant
- Month‑to‑month tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,589
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,780
$651.8K
Cap Rate 7%
$465,557
$465.6K
Cap Rate 9%
$362,100
$362.1K
Market Conditions
NOI Build-Up for 4,723 SF
Gross rent
$56.7K $12.00/SF
− Vacancy
−$4.5K −$0.96/SF
EGI
$52.1K $11.04/SF
− OpEx
−$19.6K −$4.14/SF
NOI
$32.6K $6.90/SF
Area
Terrebonne County, LA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,780
Cap Rate 7%
$465,557
Cap Rate 9%
$362,100
Alternative Uses
Best Use
Specialty Retail
$1.04M
$913.4K – $1.22M
NOI $73,070 @ 7.0% cap · market cap 18.31%
Second Best
Mixed Use
$465.6K
$407.4K – $543.2K
NOI $32,589 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,135 @ 7.0% cap · market cap 22.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
3,762 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor office and month-to-month occupancy complement the restaurant space.
Where is this mixed-use property located?
The property is located at 9892 E MAIN ST Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,723‑square‑foot building on 0.1 acres of leased land; 733‑square‑foot office on the second floor above the restaurant; Month‑to‑month tenant in place
