1915 Bayou Blue Rd Houma, LA 70364
Property profile & analytics
1915 Bayou Blue Rd Houma, LA 70364
- Retail space
- 0.83 lot acres
Property ID
US36-0896150
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
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 1915 Bayou Blue Rd
- Lot size
- 0.83 lot acres
- Property type
- Retail space
- APN
- 53772
- APU
- 53772
Description
This exceptional investment opportunity presents a single-story, 8,125-square-foot Dollar General store located at 1915 Bayou Blue Rd, Houma, LA 70364. The property sits on a 0.826-acre lot and is situated across from Bayou Blue Public School, benefiting from high visibility and consistent traffic. Built in 2003, this Class B retail building features a metal clad exterior with a pitched metal standing seam roof. The interior has undergone recent upgrades, including the addition of grocery coolers, enhancing its appeal and profitability. This location consistently ranks among the top performers within its trade area, demonstrating strong sales and a stable tenant. The asking price is $550,000, representing a compelling 8.84% cap rate. The current lease with Dollar General, a company with a BBB S&P rating and billions in annual revenue, provides financial stability. The lease agreement includes two future options: the first, from August 1, 2028 to July 1, 2033, at a monthly rent of $4,538.00; and the second, from August 1, 2033 to July 31, 2038, at a monthly rent of $4,991.00. The current monthly base rent is $4,125.00. This property offers a rare chance to acquire a high-performing asset in a prime location within a thriving market. The property's strong performance and long-term lease make it an attractive investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $515,000
- ML approach
- $520,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.6868
- Latitude
- 29.6441
- 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
$4,953
$11,230
$39,810
$51,040
-
$112,300
$265,400
$377,700
