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    4463 Park Ave West Houma, LA 70360
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    4463 Park Ave West Houma, LA 70360

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    • Commercial land
    For Sale
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    Commercial Land Ready For Development For Sale
    Contact for pricing

    Commercial Land Ready For Development

    Commercial land lots available for development with utilities.

    4463 West Park, Houma, LA 70360
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    Property ID
    US36-0904585
    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

    • Commercial land

    Property Details for 4463 Park Ave West

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    (Hwy. 24), corner of 105 Rue Richard? (for Google) GRAY, LA 70359 Utilities available, high elevations, drainage mitigation included, ready to turn dirt. Ideal Medical or Professional Office Lot 105 - 19,519 sf Lot 117 - 19,890 sf Lot 127 - 15,525 sf Lot 133 - 15,525 sf Lot 104 - 20,000 sf Lot 116 - 23,160 sf Lot 126 - 16,350 sf Lot 132 - 16,350 sf

    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
    -90.704704
    Latitude
    29.59901

    Comparable in this City

    • $158,000
      0.57 Acres

      Land For Sale in Houma

      Land available in Belmont Place Subdivision, Houma, Louisiana.
      229 Independence Dr, Houma, LA 70360
      View Details
    • $60,000
      0.26 Acres

      Vacant Lot in Downtown Houma

      Cleared 0.26 acre bayouside lot, perfect for Mardi Gras.
      7431 Main St, Houma, LA 70360
      View Details
    • $50,000
      0.23 Acres

      Commercial Lot Ready for Development

      Vacant commercial lot near Bayou, leveled and ready for development.
      7154 Park Ave, Houma, LA 70360
      View Details
    • $1,018,000
      2.65 Acres

      Prime Retail Site in Houma

      2.65 acre retail site in Houma's retail corridor.
      2147 Martin Luther King Blvd, Houma, LA 70360
      View Details
    • $90,000
      0.30 Acres

      Land For Sale, Houma, LA

      Land available in Belmont Place Subdivision, Houma, Louisiana.
      228 Independence Dr, Houma, LA 70360
      View Details
    • $701,316
      1.61 Acres

      Commercial Land in Houma, LA

      1.61-acre commercial land parcel in Houma, Louisiana.
      883 Centurion Ln, Houma, LA 70360
      View Details

    Similar Nearby for Sale

    • $158,000
      0.57 Acres

      Land For Sale in Houma

      Land available in Belmont Place Subdivision, Houma, Louisiana.
      229 Independence Dr, Houma, LA 70360
      View Details
    • $60,000
      0.26 Acres

      Vacant Lot in Downtown Houma

      Cleared 0.26 acre bayouside lot, perfect for Mardi Gras.
      7431 Main St, Houma, LA 70360
      View Details
    • $50,000
      0.23 Acres

      Commercial Lot Ready for Development

      Vacant commercial lot near Bayou, leveled and ready for development.
      7154 Park Ave, Houma, LA 70360
      View Details
    • $1,018,000
      2.65 Acres

      Prime Retail Site in Houma

      2.65 acre retail site in Houma's retail corridor.
      2147 Martin Luther King Blvd, Houma, LA 70360
      View Details
    • $90,000
      0.30 Acres

      Land For Sale, Houma, LA

      Land available in Belmont Place Subdivision, Houma, Louisiana.
      228 Independence Dr, Houma, LA 70360
      View Details
    • $701,316
      1.61 Acres

      Commercial Land in Houma, LA

      1.61-acre commercial land parcel in Houma, Louisiana.
      883 Centurion Ln, Houma, LA 70360
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Retail Outparcels For Lease

      Outparcels available for ground lease or build to suit.
      1410 St Charles St, Houma, LA 70360
      View Details
    • $800 /Mo

      COLAB Business Suites Suite A- Office/Retail

      Commercial Office Suite
      7712 Main St, Houma, LA 70360
      View Details
    • $1,800 /Mo
      1,940 SF

      Historic Bank of Houma Lease

      Commercial space featuring offices, reception, and parking in Houma, LA.
      7833 Main St, Houma, LA 70360
      View Details
    • $1,562 /Mo
      1,250 SF

      Office Space For Lease

      Office space for lease in Houma, Louisiana.
      488 Corporate Dr Unit, Houma, LA 70360
      View Details
    • Contact for pricing

      Retail Strip Center For Lease

      Retail strip center with frontage on South Hollywood Road.
      292 S Hollywood Rd, Houma, LA 70360
      View Details
    • $2,340 /Mo
      1,560 SF

      Retail Space in Houma, LA

      Retail space available for lease in Houma, Louisiana.
      500 Corporate Dr, Houma, LA 70360
      View Details
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    Houma, LA 70360
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    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
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