Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    836 Grand Caillou Rd Houma, LA 70363
    Back to Search
    Property profile & analytics

    836 Grand Caillou Rd, Houma, LA 70363

    View on Map
    • Retail properties & Spaces
    • 48,000 SF
    • 7.05 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Little Caesars Pizza / Restaurant
    • Western Union / Bank / Credit Union

    Property Details for 836 Grand Caillou Rd

    Lot size
    7.05 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This prime Houma, LA commercial redevelopment opportunity, located at 836 Grand Caillou Rd (Hwy 57), offers 48,000 square feet of new construction space, divisible to 5,000 square feet. The 7.05-acre site boasts 345 parking spaces, a signalized access point, and high visibility due to its direct frontage on a major thoroughfare. The property is zoned C2 and is ideal for a variety of uses, including traditional office, medical office, retail, and restaurant spaces. Previous structures have been removed, and the site is fully leveled and ready for development. Outparcel pad sites are available, accommodating drive-thru or dine-in restaurants. Two pylon signs are available for increased brand visibility. Land lease or build-to-suit options are available, with final lease pricing dependent on construction specifics and lease terms. This centrally located property offers significant potential for major and junior anchor tenants. The site's history includes former Delchamps and Save-On stores, indicating a strong retail history and high traffic volume. This is a unique chance to establish a presence in a thriving Louisiana market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.6976
    Latitude
    29.5834

    Comparable in this City

    • Value Estimation by Request
      12,800 SF

      116 Van Ave

      Medical Office Space
      116 Van Ave, Houma, LA 70363
      View Details
    • Value Estimation by Request
      0.24 Acres

      8364 Main St

      MEDICAL BUILDING
      8364 Main St, Houma, LA 70363-4872
      View Details
    • Value Estimation by Request

      1407 Tunl Blvd

      MEDICAL BUILDING
      1407 Tunl Blvd, Houma, LA 70363-5847
      View Details
    • Value Estimation by Request

      147 Clendenning Rd

      MEDICAL BUILDING
      147 Clendenning Rd, Houma, LA 70363-5523
      View Details
    • Value Estimation by Request
      8.17 Acres

      4088 Hwy 56

      MEDICAL BUILDING
      4088 Hwy 56, Houma, LA 70363-7817
      View Details
    • Value Estimation by Request

      9074 Park Ave

      MEDICAL BUILDING
      9074 Park Ave, Houma, LA 70363-3781
      View Details

    Similar Nearby for Sale

    • $399,000
      4,723 SF

      Commercial Building on Leased Land

      Commercial building with recent repairs and month-to-month tenant.
      9892 E Main St, Houma, LA 70363
      View Details
    • Contact for pricing

      Park Avenue Retail Outparcel

      Commercial outparcel on heavily trafficked Park Avenue available for sale.
      9465 E Park Ave, Houma, LA 70363
      View Details
    • $2,240,000

      Retail Development Land For Sale

      11.43 acres of retail development property in Houma, Louisiana.
      9455 E Park Ave, Houma, LA 70363
      View Details
    • Contact for pricing
      3,990 SF

      Restaurant with Upstairs Office/Storage

      Restaurant with bar, buffet, office, and storage areas.
      9892 E Main St, Houma, LA 70363
      View Details
    • Contact for pricing
      1,200 SF

      High Visibility Retail/Office Space

      Versatile 1200 SF retail or office space on Grand Caillou.
      1271 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $875,000
      5,150 SF

      Multi-Suite Building on Grand Caillou

      Freestanding multi-suite building on a signalized corner for sale.
      1303 Grand Caillou Rd, Houma, LA 70363
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      900 SF

      Retail Space in Prime Location

      900 SF retail/restaurant/office space in high-traffic Houma location.
      814 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $1,800 /Mo
      1,800 SF

      Retail/Restaurant/Office Space in Houma

      Prime location retail space suitable for various business types.
      814 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $3,600 /Mo
      3,600 SF

      Retail Space in Plaza Caillou

      Prime retail location suitable for retail, restaurant, business, or office.
      814 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $1,200 /Mo
      1,200 SF

      Retail/Restaurant/Office Space Available

      Prime location retail/restaurant/office space in Houma, LA.
      814 Grand Caillou Rd, Houma, LA 70363
      View Details
    • Contact for pricing

      Grande Caillou Road Outparcel

      Outparcel on heavily trafficked road, ground lease or build-to-suit.
      561 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $1,400 /Mo
      700 SF

      New Office Space For Lease

      700 SF office space in new strip center.
      1907 Prospect Blvd, Houma, LA 70363
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    836 Grand Caillou Rd
    Houma, LA 70363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    836 Grand Caillou Rd, Houma, LA, 70363
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!