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

    755 Enterprise Dr Houma, LA 70360

    View on Map
    • Commercial land
    For Sale
    $1,158,000
    View Listing →
    Commercial Land in Houma, LA For Sale
    $1,158,000
    1.50 Acres

    Commercial Land in Houma, LA

    1.565 AC commercial land, zoned C-2, outparcel to new apartments.

    755 Enterprise Dr, Houma, LA 70360
    View Listing
    Property ID
    US36-0841876
    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 755 Enterprise Dr

    Property type
    Commercial land
    APN
    63876
    APU
    63876

    Description

    This exceptional 1.56-acre commercial land parcel presents a remarkable investment opportunity in Houma, Louisiana. Located at 755 Enterprise Dr, 70360, this C2-zoned property boasts excellent visibility and accessibility, situated on a roundabout near Martin Luther King Blvd, with frontage on Westside Blvd and Enterprise Drive. The site benefits from its strategic position across from the future Terrebonne General Healthy Lifestyles Center, within a rapidly developing mixed-use area encompassing medical facilities, multifamily residences, and the new 132-lot Belmont Place residential development. Nearby amenities include national big-box retailers and restaurants, ensuring high traffic and strong consumer demand. The property's location within the Terrebonne Parish offers convenient access to a multi-parish area, approximately 50 miles southwest of New Orleans and 100 miles southeast of Lafayette, LA. This prime location and C2 zoning make it ideal for multifamily development, capitalizing on the area's growth and demand for housing. The asking price is $1,158,000. This is a rare opportunity to acquire a strategically located parcel in a thriving market poised for continued expansion. Don't miss out on this chance to build your next successful project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $490,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7642
    Latitude
    29.6061
    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
    $4,868
    $52,600
    $0.00
    $52,600
    -
    $526,000
    $0.00
    $526,000

    Comparable in this City

    • Value Estimation by Request

      Rebeccas Pond Rd

      VACANT COMMERCIAL LAND
      Rebeccas Pond Rd, Houma, LA 70360
      View Details
    • Value Estimation by Request
      3.13 Acres

      Houma, LA 70360

      VACANT COMMERCIAL LAND • 3.13 Acres
      Houma, LA 70360
      View Details
    • Value Estimation by Request
      32.02 Acres

      Houma, LA 70360

      VACANT COMMERCIAL LAND • 32.02 Acres
      Houma, LA 70360
      View Details
    • Value Estimation by Request
      1.82 Acres

      Houma, LA 70360

      VACANT COMMERCIAL LAND • 1.82 Acres
      Houma, LA 70360
      View Details
    • Value Estimation by Request

      1101 Barrow St

      VACANT COMMERCIAL LAND
      1101 Barrow St, Houma, LA 70360-5607
      View Details
    • Value Estimation by Request
      25.00 Acres

      4293 Byu Black Dra

      VACANT COMMERCIAL LAND • 25.00 Acres
      4293 Byu Black Dra, Houma, LA 70360-2908
      View Details

    Similar Nearby for Sale

    • $180,000
      0.16 Acres

      Prime Commercial Land Near Hospital

      Commercial land suitable for medical office near Terrebonne General Hospital.
      900 Belanger St, Houma, LA 70360
      View Details
    • $1,158,000
      1.50 Acres

      Commercial Land in Houma, LA

      1.565 AC commercial land, zoned C-2, outparcel to new apartments.
      755 Enterprise Dr, Houma, LA 70360
      View Details
    • $1,962,500
      49.28 Acres

      Undeveloped Land on Retail Corridor

      49.28 acres of undeveloped land with development opportunities.
      1799 Martin Luther King Blvd, Houma, LA 70360
      View Details
    • $525,000
      0.72 Acres

      Corner Lot in High-Traffic Area

      Corner lot in a high-traffic area near downtown Houma.
      7012 Main St, Houma, LA 70360
      View Details
    • $618,500
      1.22 Acres

      Commercial Land in Houma, LA

      1.22 acre commercial land available in Houma, Louisiana.
      Centurion Ln, Houma, LA 70360
      View Details
    • $84,900
      0.25 Acres

      Commercial Land Ready to Build

      Commercial land available in a quiet area, ready to build.
      449 Paddock 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
    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.
    755 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
    755 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!