131 Corporate Dr Houma, LA 70360-2767
Property Lookup
Property profile & analytics
131 Corporate Dr Houma, LA 70360-2767
- Medical Office Space
Property ID
US36-0794138
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.
Location Intelligence
Current Use by Public Records
- Houma Urgent Care Pharmacy / Pharmacy
- Shults Jonathan M MD / Physician / Medical Clinic
- Bayou Orthopaedic and Spine Center / Physician
- Primary Care Plus / Physician
Property Details for 131 Corporate Dr
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 10054
- APU
- 10054
Description
This exceptional investment opportunity presents a 10,119 square foot, dual-tenant medical office complex situated on a 1.19-acre lot in Houma, Louisiana. The property comprises two buildings constructed in 2004 and 2012, currently boasting 100% occupancy. The primary tenant, a subsidiary of UnitedHealth Group, operates under a corporate lease with over 6 years remaining and renewal options. A second tenant, a local urgent care pharmacy, will execute a new 10-year absolute NNN lease upon closing, featuring annual rent increases and renewal options. This investment offers a compelling 7.16% cap rate and benefits from a prime location near a major retail corridor with high traffic volume and strong consumer presence. The property's location provides excellent visibility and accessibility, further enhanced by its proximity to national retailers. The urgent care industry's consistent growth and the strength of the tenant's financial standing make this a highly attractive, recession-resistant investment. The weighted average lease term (WALT) is 6.1 years, providing long-term stability and predictable income streams. This is a rare opportunity to acquire a well-positioned, high-performing medical office property with significant upside potential.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.747
- Latitude
- 29.5987
- 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
$16,919
$21,830
$160,980
$182,810
-
$218,300
$1,073,200
$1,291,500
