Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    613 Enterprise Dr Houma, LA 70360
    Back to Search
    Property profile & analytics

    613 Enterprise Dr Houma, LA 70360

    View on Map
    • Commercial land
    For Sale
    $5,292,540
    View Listing →
    Commercial Land Ready to Build For Sale
    $5,292,540
    12.15 Acres

    Commercial Land Ready to Build

    12.15 acres of commercial land in Terrebonne Parish.

    613 Enterprise Dr, Houma, LA 70360
    View Listing
    Property ID
    US36-0792626
    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 613 Enterprise Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    12.15 ACRES - COMMERCIAL LAND - READY TO BUILD - Commercial Business Park located in the central area of Terrebonne Parish. The site is within walking distance to the future TERREBONNE HEALTH SYSTEM - HEALTHY LIFESTYLES CENTER. The area is a newly developed mixed-use area with New multifamily complexes, and Houma’s newest residential development “Belmont Place”. Please contact Listing Agent for additional property details.

    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
    -90.7585862
    Latitude
    29.6057558

    Comparable in this City

    • Contact for pricing

      Cameron Isles Business Park Land

      1.13 acre commercial land in Houma's mixed-use development.
      815 Centurion Ln, Houma, LA 70360
      View Details
    • Contact for pricing

      Commercial Land in Houma, LA

      Two commercial tracts totaling approximately 5 acres in Houma.
      3019 Barrow St, Houma, LA 70360
      View Details
    • Contact for pricing
      4,628 SF

      Intercoastal Frontage Land For Sale

      15+/- acres with 827 ft of intercoastal frontage.
      50 Concord Rd, Houma, LA 70360
      View Details
    • $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
    • $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
    • $129,900
      0.40 Acres

      Prime Commercial Lot Near Downtown

      High-traffic commercial lot near downtown Houma, ready to build.
      1029 W Tunnel Blvd, Houma, LA 70360
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cameron Isles Business Park Land

      1.13 acre commercial land in Houma's mixed-use development.
      815 Centurion Ln, Houma, LA 70360
      View Details
    • Contact for pricing

      Commercial Land in Houma, LA

      Two commercial tracts totaling approximately 5 acres in Houma.
      3019 Barrow St, Houma, LA 70360
      View Details
    • Contact for pricing
      4,628 SF

      Intercoastal Frontage Land For Sale

      15+/- acres with 827 ft of intercoastal frontage.
      50 Concord Rd, Houma, LA 70360
      View Details
    • $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
    • $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
    • $129,900
      0.40 Acres

      Prime Commercial Lot Near Downtown

      High-traffic commercial lot near downtown Houma, ready to build.
      1029 W Tunnel Blvd, 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
    • $3,900 /Mo
      3,120 SF

      Retail Space in High-Traffic Area

      Prime retail space available at a well-seen Houma intersection.
      500 Corporate Dr, Houma, LA 70360
      View Details
    • $2,850 /Mo
      3,100 SF

      Versatile Warehouse in High-Traffic Location

      3,100 SF commercial warehouse for lease in a prime location.
      1540B Gautreaux St, Houma, LA 70360
      View Details
    • $325 /Mo
      204 SF

      Downtown Houma Office Suite

      Functional office suite in downtown Houma, ideal for professional services.
      209 Goode St, Houma, LA 70360
      View Details
    • $4,000 /Mo
      4,849 SF

      Office Space in Prime Location

      Office suites for lease near courthouse, restaurants, and parking.
      7720 Main St, Houma, LA 70360
      View Details
    • $2,700 /Mo
      3,346 SF

      Restaurant Space in Houma, LA

      Restaurant opportunity with minimal build-out required in Houma, LA.
      279 Enterprise Dr, Houma, LA 70360
      View Details
    View Listing
    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.
    613 Enterprise Dr
    Houma, LA 70360
    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

    Thank You for Inquiry
    613 Enterprise Dr, Houma, LA, 70360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!