Property profile

5709 W Park Ave Houma, LA 70364

FOR SALE
Retail space
Property ID
US36-0831727
2.75 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a former furniture retail building on West Park Avenue, positioned in front of AMC Theaters and near the Southland Mall and the Martin Luther King Boulevard retail corridor. It contains approximately 22,300 square feet configured for showroom, office, and shipping/receiving use, plus an additional approximately 13,200 square feet of storage located in the former four-screen movie theater area. The building experienced significant roof and air-conditioning damage resulting from Hurricane Ida, and the extent of recoverable building components is unknown. The site is a 2.38-acre hard-lit corner lot on West Park Avenue with access from both West Park Avenue and Idlewood Drive, and a measured traffic count of 19,622 vehicles per day. The property is suited for retail or related commercial uses along a high-traffic corridor serving the Houma–Thibodaux MSA.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 2.75 ac (119,790 SF)
APN 58899
UPID US36-0831727

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5709 W Park Ave Houma, LA 70364
Houma metro Census 203 HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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