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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10278 Park Ave Houma, LA 70363-3887

    • Warehouses
    • 2,700 SF
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    9.3%
    Warehouses
    Location Intelligence
    Property ID
    US36-0836287
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 10278 Park Ave

    Year built
    1973
    Property size
    2,700 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    14654
    APU
    14654

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $298,000
      Market price range: $299k - $530k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.6535
    Latitude
    29.5749
    CBSA code
    26380
    CBSA name
    HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $372
    $3,940
    $100
    $4,040
    -
    $39,400
    $1,000
    $40,400

    Comparable in this City

    • Value Estimation by Request

      407 Engeron St

      MINI-WAREHOUSE, STORAGE
      407 Engeron St, Houma, LA 70363-4817
      View Details
    • Value Estimation
      $230,000
      9.00 Acres

      4875 Grand Caillou Rd

      MINI-WAREHOUSE, STORAGE • 9.00 Acres
      4875 Grand Caillou Rd, Houma, LA 70363
      View Details
    • Value Estimation by Request

      3009 Sycamore Dr

      MINI-WAREHOUSE, STORAGE
      3009 Sycamore Dr, Houma, LA 70363-7169
      View Details
    • Value Estimation by Request

      2000 Tunl Blvd

      MINI-WAREHOUSE, STORAGE
      2000 Tunl Blvd, Houma, LA 70363
      View Details
    • Value Estimation by Request

      511 Byu Dularge Rd

      MINI-WAREHOUSE, STORAGE
      511 Byu Dularge Rd, Houma, LA 70363-7606
      View Details
    • Value Estimation by Request

      4320 Hwy 56a

      MINI-WAREHOUSE, STORAGE
      4320 Hwy 56a, Houma, LA 70363-7836
      View Details

    Similar Nearby for Sale

    • $350,000
      8,166 SF

      Houma Warehouse with Refurbished Offices

      Warehouse with refurbished offices, loft storage, and multiple bathrooms.
      9110 Park Ave, Houma, LA 70363
      View Details
    • $1,500,000
      13,615 SF

      Houma Commercial Property with Waterfront Access

      Commercial property with warehouse, office space, and Intracoastal waterway access.
      1005 Saadi St, Houma, LA 70363
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    • $800,000
      10,639 SF

      Houma Industrial Flex Space

      10,639 SF Flex Warehouse, Laydown Yard
      2156 Denley Rd, Houma, LA 70363
      View Details
    • $325,000
      3,361 SF

      Houma Commercial Property on Highway

      Warehouse/office with apartment, covered storage, and ample parking.
      1500 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $295,000
      8,200 SF

      Light Industrial Facility with Shop

      8,200 SF light industrial facility with office and shop space.
      100 Redmond Rd, Houma, LA 70363
      View Details
    • $469,000
      8,800 SF

      Renovated Industrial Property in Houma, LA

      8,800 SF Warehouse, Distribution, Manufacturing
      111 Dickson Rd, Houma, LA 70363
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      5,430 SF

      Houma Commercial Space For Lease

      Industrial and office spaces available for lease in Houma, LA.
      3512 Industrial Avenue A, Houma, LA 70363
      View Details
    • $8,600 /Mo
      16,464 SF

      Industrial Facility in Houma, Louisiana

      16,464 SF industrial facility for lease on 1.098 acres.
      390 S Van Ave, Houma, LA 70363
      View Details
    • $5,500 /Mo
      8,200 SF

      Light Industrial Facility in Houma

      8,200 SF light industrial facility with office and shop space.
      100 Redmond Rd, Houma, LA 70363
      View Details
    • $14 SF/Yr
      12,814 SF

      Houma Retail Space - Prime Location

      High-traffic Walmart shadow center; 1,000-10,000 SF available.
      957 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $26 SF/Yr
      5,362 SF

      Medical Clinic on Grand Caillou

      Medical clinic available for lease on a high-traffic corner.
      707 Grand Caillou Rd, Houma, LA 70363
      View Details
    • New
      $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
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    10278 Park Ave
    Houma, LA 70363-3887
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    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
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