Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    116 N Van Ave Houma, LA 70363
    Back to Search
    Property profile & analytics

    116 N Van Ave, Houma, LA 70363

    View on Map
    • Office Units
    For Lease
    $19 SF/Yr
    View Listing →
    Office Space Available For Rent For Lease
    $19 SF/Yr
    3,600 SF

    Office Space Available For Rent

    Single tenant office space available, approximately 3,600 square feet.

    116 N Van Ave, Houma, LA 70363
    View Listing
    Property ID
    US36-1011502
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 116 N Van Ave

    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Office | Single tenant | 3,600 SqFt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.699874
    Latitude
    29.588008

    Comparable in this City

    • $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
    • $1,400 /Mo
      700 SF

      Office Space in New Strip

      700 SF office space for lease in new strip center.
      1907 Prospect Blvd, 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
    • $1,400 /Mo
      700 SF

      New Office Space For Lease

      New 700 SF office space available for lease.
      1907 Prospect Blvd, Houma, LA 70363
      View Details
    • $2,800 /Mo
      1,400 SF

      New Office Space For Lease

      New 1400 SF office space available for lease.
      1907 Prospect Blvd, 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

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      1,650 SF

      High-Visibility Retail/Office Space Available

      Versatile 1650 SF suite on a high-traffic corner.
      1303 Grand Caillou Rd, Houma, LA 70363
      View Details
    • $220,000
      4,000 SF

      High Visibility Commercial Property, Houma

      Commercial property with high visibility and traffic flow in Houma.
      1500 E Tunnel Blvd, Houma, LA 70363
      View Details
    • $170,000
      1,480 SF

      Updated Office Space in Houma

      Modern office space with high visibility and flexible layout.
      1425 E Tunnel Blvd, Houma, LA 70363
      View Details
    • $99,900
      1,225 SF

      East Houma Commercial Building For Sale

      Commercial building with reception area, offices, and parking.
      145 Agnes St, 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
    • $1,400 /Mo
      700 SF

      Office Space in New Strip

      700 SF office space for lease in new strip center.
      1907 Prospect Blvd, 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
    • Contact for pricing
      5,430 SF

      Industrial Property with Multiple Buildings

      Versatile industrial property featuring multiple buildings and ample storage.
      3512 Industrial Avenue A, 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
    • $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
    View Listing
    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.
    116 N Van Ave
    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
    116 N Van Ave, 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!