Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    44216 S RANGE Road Hammond, LA 70403

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,495/Mo $9 SF/Yr (calc)

    SINGLE_FAMILY - Hammond, LA

    Type:Office
    Property size:
    1,891 SF
    Lot size:
    0.28 Acres
    Added:
    Dec 19, 2024
    Days on Market:
    488
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for 44216 S RANGE Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Covered
    Standard status
    Active
    APN
    01713809
    Size
    1,891 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Expense value
    1495
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1

    We can help!

    Listing Contact
    Will Frederick
    Will Frederick

    Listing agent Will Frederick License #912124137

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Dec 19, 2024

    MLS# 2480132

    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.

    Overview

    Hammond Commercial Space For Lease

    Commercial lease space is available on a busy corner lot in Hammond, Louisiana. The property offers 1891 square feet of space suitable for office or retail use. The lot size is 0.2842 acres. The property is offered for lease at $1495 per month, triple net.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Insutite-The Devine Church Will Frederick Construction, ... General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.4481043
    Latitude
    30.4995044

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Hammond

      6,000 sq ft commercial space with warehouse and office.
      109 Tower Drive, Hammond, LA 70401
      View Details
    • Contact for pricing

      Hammond Commercial Space For Lease

      3,000 sq ft commercial space with office and warehouse.
      15073 West Club Deluxe Road, Hammond, LA 70403
      View Details
    • Contact for pricing

      Renovated Warehouse with Office Space

      9,000 sq ft warehouse with showroom and office space.
      1713 Corbin Road, Hammond, LA 70403
      View Details
    • Contact for pricing

      Hammond Office Space For Lease

      Commercial office space in Jefferson Court Business Plaza available for lease.
      1000 N. Morrison Boulevard, Hammond, LA 70401
      View Details
    • Contact for pricing

      Commercial Property on South Holly

      Prime commercial property with high visibility and development potential.
      43391 S HOLLY Street, Hammond, LA 70403
      View Details
    • Contact for pricing

      Downtown Hammond Office Space

      Professionally designed office space in a prime downtown location.
      206 East Charles Street, Hammond, LA 70401
      View Details
    • Contact for pricing

      Hammond Commercial Space For Lease

      High-visibility commercial space near North Oaks Medical Center and Hammond Square.
      42276 Veterans Avenue, Hammond, LA 70403
      View Details
    • Contact for pricing

      Retail Space Near Downtown Hammond

      Retail space with storage, less than a mile from downtown.
      1665 SW RAILROAD Avenue unit: 9, Hammond, LA 70403
      View Details
    • Contact for pricing

      Industrial Warehouse with Covered Service

      Industrial, manufacturing, fabrication, or distribution use. 3-phase electrical service.
      40515 Pumpkin Center Road, Hammond, LA 70403
      View Details
    • Contact for pricing

      Downtown Hammond Commercial Office Space

      2,000 sq ft office space in downtown Hammond.
      107 S CHERRY Street, Hammond, LA 70403
      View Details
    • Contact for pricing

      Hammond Commercial Building For Lease

      Commercial building for lease in Hammond with ample parking.
      40521 Pumpkin Center Road, Hammond, LA 70403
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial space available on a busy corner lot.
    Where is this office units located?
    The property is located at 44216 S RANGE Road Hammond, LA.
    What is the lease rate?
    The lease rate is $1,495 /Mo.
    What are key features of this property?
    This property features: Commercial lease space available.; Located on a busy corner lot.; 1891 sqft suitable for office/retail.
    (985) 727-7000
    We can help!
    Listing Contact
    Will Frederick
    Will Frederick
    Real Estate License ID: 912124137
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!