Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1740 Martin Luther King Jr Blvd Houma, LA 70360-2408

    • Commercial real estate
    OFF-MARKET
    Last Sale
    Jul 12, 2021
    $2,850,000
    Value Estimations
    $2,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1023249
    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

    • Mike Bruno's Bayou Country Harley-Davidson / Motorcycle Shop

    Property Details for 1740 Martin Luther King Jr Blvd

    Property type
    Commercial real estate
    APN
    52224
    APU
    52224

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7548
    Latitude
    29.6137
    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
    $42,511
    $111,700
    $335,550
    $447,250
    -
    $1,117,000
    $2,237,000
    $3,354,000

    Comparable in this City

    • Value Estimation by Request

      137 Munson Dr

      COMMERCIAL (GENERAL)
      137 Munson Dr, Houma, LA 70360
      View Details
    • Value Estimation by Request

      5781 Main St

      COMMERCIAL (GENERAL)
      5781 Main St, Houma, LA 70360-1714
      View Details
    • Value Estimation by Request

      6914 Main St

      COMMERCIAL (GENERAL)
      6914 Main St, Houma, LA 70360-2455
      View Details
    • Value Estimation by Request

      5793 Main St

      COMMERCIAL (GENERAL)
      5793 Main St, Houma, LA 70360
      View Details
    • Value Estimation by Request

      6271 Main St

      COMMERCIAL (GENERAL)
      6271 Main St, Houma, LA 70360-2206
      View Details
    • Value Estimation by Request

      206 School St

      COMMERCIAL (GENERAL)
      206 School St, Houma, LA 70360-4500
      View Details

    Similar Nearby for Sale

    • $855,975
      1.31 Acres

      Cameron Isles Business Park Land

      1.31 Acres, Prime Commercial Lot
      815 Centurion Ln, Houma, LA 70360
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Houma Commercial Space

      Retail/Office Space - Excellent Location
      632 Corporate Dr Unit, Houma, LA 70360
      View Details
    • $1,600,000
      5.05 Acres

      Prime Houma Commercial Land

      5 Acres, C2 Zoning, High Traffic
      3019 Barrow St, Houma, LA 70360
      View Details
    • $5,292,540
      12.15 Acres

      Houma Commercial Land - 12 Acres

      Prime 12-acre commercial lot, ready for development.
      613 Enterprise Dr, Houma, LA 70360
      View Details
    • Contact for pricing

      Northpark Commercial Land, Houma, LA

      Prime Commercial Lots, Hwy 24, Houma
      4463 Park Ave, Houma, LA 70360
      View Details
    • $1,158,000
      1.56 Acres

      Houma Multifamily Land Investment

      1.56 Acres, C2 Zoning, Prime Location
      755 Enterprise Dr, Houma, LA 70360
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      105,000 SF

      Rouse's Outparcel: Houma Retail Space

      High-visibility retail land, multiple spaces available.
      1410 St Charles St, Houma, LA 70360
      View Details
    • $11 SF/Yr

      Commercial Space with Ample Parking

      80,000+ SF available with 550 parking spaces.
      805 Barrow St, Houma, LA 70360
      View Details
    • $6,800 /Mo
      9,692 SF

      Renovated Commercial Building in Houma

      Renovated 10,000 sq ft building with office and warehouse space.
      204 Venture Blvd, Houma, LA 70360
      View Details
    • $1,395 /Mo
      1,022 SF

      Corner Suite in High-Traffic Location

      Versatile corner suite in a high-traffic downtown location.
      1244 Barrow St, Houma, LA 70360
      View Details
    • $2,083 /Mo
      1,250 SF

      Retail Space on Martin Luther King

      Retail space in high-traffic Houma location with ample parking.
      1795 Martin Luther King, Houma, LA 70360
      View Details
    • $4,000 /Mo
      3,856 SF

      Prime Commercial Location in Houma

      Heated/cooled space ideal for office, daycare, salon, or retail.
      6259 W Main St, Houma, LA 70360
      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.
    1740 Martin Luther King Jr Blvd
    Houma, LA 70360-2408
    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

    Google sign-in failed. Please try again or use another login method.