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    OFF-MARKET Estimated value $700,000
    Warehouses

    370 Van Ave, Houma, LA 70363-6736

    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US36-1123824
    Property summary
    AI-generated overview

    This exceptional single-tenant industrial property, located in Terrebonne Parish, Louisiana, offers 9,255 square feet of versatile space ideal for manufacturing, research and development, or warehousing operations. Built in 1990 and extensively renovated in 2021, the building boasts a modern and efficient layout within a single-story structure. The entire 9,255 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. The property sits on a lot ranging from one to 1.25 acres, providing ample space for expansion or outdoor storage. Fifteen parking spaces are available for employees and visitors. The property is zoned for industrial use, ensuring flexibility for a variety of businesses. Its strategic location in Houma offers convenient access to major transportation routes, enhancing logistical efficiency. The recent renovations ensure the building is in excellent condition, minimizing upfront capital expenditures for the new tenant. This turnkey solution combines modern amenities with a prime location, making it an attractive investment for businesses seeking a functional and well-maintained industrial space. The property's single-tenant occupancy simplifies management and provides a clear, straightforward investment opportunity. The combination of size, location, and recent renovations makes this property a highly desirable asset in the Terrebonne Parish industrial market.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    APN 25119
    UPID US36-1123824
    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
    $700k
    Owner & transaction history
    Suzanne Lehne · 3 yrs held
    Suzanne Lehne
    since 2023
    Last sale
    $700,000
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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