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    Commercial Property on South Holly Title is generated by Realmo AI

    43391 S HOLLY Street, Hammond, LA 70403

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    Claim this Listing
    For Sale
    $255,000

    COMMERCIAL - Hammond, LA

    Property size:
    2,000 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $127/SF
    Added:
    Nov 19, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 43391 S HOLLY Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RM-2
    Parking features
    Off Street
    Standard status
    Active
    APN
    6216609
    Size
    2,000 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    A part of 0.75A M/L FRTG 80FT ON S HOLLY STREET IN SEC 25 T6SR7E

    Utilities

    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1

    We can help!

    Listing Contact
    Sam DiVittorio
    Sam DiVittorio

    Listing agent Sam DiVittorio License #995688138

    Listing office Realty Executives Florida Parishes 200 E Charles St., Hammond, LA

    Listing date Nov 19, 2025

    MLS# 2531713

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location with 80ft frontage on South Holly St, near I‑55/I‑12 exit.
    • 2500sf of space on .75 acres, offering ample room for various uses.
    • Located near Hammond Square Mall and adjacent to new residential developments (50+ and 55+ lots).
    • RM2 zoning with potential for residential homesite or conditional commercial use.
    • Flood Zone X designation.
    • Previously approved for commercial use.

    Overview

    This commercial property, formerly a pet cottage, offers 2500 square feet of space on 0.75 acres. It features 80 feet of frontage on South Holly Street. The property's location provides access to the Interstate, shopping areas, and residential neighborhoods. A rail line is situated to the rear of the property. Located near Hammond Square Mall, the site is positioned for growth, with a 50+ lot subdivision across the street and an adjacent 55+ new residential development. The RM2 zoned property is suitable for transformation, potentially into a residential homesite, with conditional use approval for commercial operations. Currently zoned residential, the property previously had approval for commercial use. It is located in Flood Zone X. The property is near I-55 and I-12 Exit.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $30.0k $15.00
    − Vacancy −$1.4k −$0.68
    EGI $28.7k $14.33
    − OpEx −$8.6k −$4.30
    NOI $20.1k $10.03
    2,000 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $286.5K
    $250.7K – $334.3K (±1% cap)
    NOI $20,055 @ 7.0% cap · market cap 7.86%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $551.3K
    $482.4K – $643.2K (±1% cap)
    NOI $38,593 @ 7.0% cap · market cap 15.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Posh Pet Cottage Pet Grooming Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fleur De Lis — Hammond, LA 70403
    • Hammond Florist Inc — 115 W Thomas St, Hammond, LA 70401
    • BIRDIE'S FLORIST — 707 W Coleman Ave C, Hammond, LA 70403
    • Carol's Flowers Crafts & Gifts — 304 E Morris Ave, Hammond, LA 70403
    • Lady Di’s Florist — 512 J W Davis Dr STE A, Hammond, LA 70403

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.4557522
    Latitude
    30.4900737

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    FAQs

    What type of property is this?
    Storefront property - Prime commercial property with high visibility and development potential.
    Where is this storefront property located?
    The property is located at 43391 S HOLLY Street Hammond, LA.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: High‑visibility location with 80ft frontage on South Holly St, near I‑55/I‑12 exit.; 2500sf of space on .75 acres, offering ample room for various uses.; Located near Hammond Square Mall and adjacent to new residential developments (50+ and 55+ lots).
    (985) 956-7477
    We can help!
    Listing Contact
    Sam DiVittorio
    Sam DiVittorio
    Real Estate License ID: 995688138
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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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