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Property profile & analytics
FOR SALE
Medical Office Space

115 Menard Rd Houma, LA 70363

29.12 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US36-1194842
115 Menard Rd, Houma, LA 70363 For Sale
$4,900,000
115 Menard Rd, Houma, LA 70363
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Property summary
AI-generated overview

This exceptional industrial property in Houma, Louisiana, presents a unique investment opportunity. Located on approximately 31 acres between Bayou Dularge and Menard Road, with Intracoastal Waterway access, this site boasts significant waterfront advantages. The property comprises two parcels, the primary one situated east of Bayou Dularge Road and north of Menard Road, and a secondary parcel at Menard Road's eastern end. Ideal for waterfront industrial businesses, the site includes a substantial 2,220 linear feet of water frontage, enhanced by approximately 800 feet of bulkhead. The existing improvements encompass 43,278 square feet of buildings, featuring a two-story, 13,400 square foot office building with 9-foot ceilings. Extensive shop space includes 29,878 square feet of steel fabrication shops with reinforced concrete foundations. Fabrication Building 1 offers a 30-foot eave height and 20-foot bay spacing, while Fabrication Building 2 features approximately 28-foot eave height and 25-foot bay spacing. A 1,458 square foot mechanic shop boasts approximately 18-foot eave height and 25-foot bay spacing, also with a reinforced concrete foundation. The property also includes a stabilized yard perfect for lay-down, with approximately 23,000 square feet of concrete and 29,000 square feet of limestone laydown areas. Additional features include approximately 600 linear feet of fencing, a private mechanical sewerage system, a mooring bit, and a total asking price of $4,900,000. The property's APN is R10-41004. The address is 115 Menard Rd, Houma, LA 70363.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 29.12 ac (1,268,424 SF)
APN 41004
UPID US36-1194842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Turnkey Offshore Project Services L · 3 yrs held
Turnkey Offshore Project Services L
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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