Retail Building with Paved
For Sale
$6,800,000
1000 Roma Avenue, Hammond, LA 70403
Commercial retail building with public water, sewer, gas, and electricity service.
Property Size60,000 SF
Price / SF$113.33
Days on Market196
Property Features for 1000 Roma Avenue
General Information
Standard status
Active
Size
60,000 SF
Property subtype
Commercial
Zoning
Com
Additional Details
Utilities to Site
Yes
Building Details
Building Size
60,000 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Crescent Commercial Real Estate, LLC
(985) 320-2549
Listed By:
Frankie Cali · License #000051187
(985) 320-2549
Source:
Nolalivingrealty
Added: Feb 5
Changed: Aug 14
Last Checked: Aug 19 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crescent Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This retail property contains a 60,000 sqft building constructed in 1987 and previously used as a Schwegmann Grocery Store. The site includes a large paved and concrete parking area, with public water, sewer, gas, and electricity serving the property. Zoning is designated Com.
The building is positioned just off S. Morrison Blvd. (US Hwy 51), a five-lane concrete-paved boulevard. Property frontage extends approximately 500 ft along the west line of Roma Avenue and 765 ft along the east line of Venice Avenue in Hammond, Louisiana. The combination of substantial building area, extensive frontage, parking, and utility access supports a range of retail-oriented commercial applications.
The building is positioned just off S. Morrison Blvd. (US Hwy 51), a five-lane concrete-paved boulevard. Property frontage extends approximately 500 ft along the west line of Roma Avenue and 765 ft along the east line of Venice Avenue in Hammond, Louisiana. The combination of substantial building area, extensive frontage, parking, and utility access supports a range of retail-oriented commercial applications.
Key Highlights
- 60,000 sqft retail building constructed in 1987
- Large paved and concrete parking lot
- Approximately 500 ft frontage on the west line of Roma Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$601,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,033,000
$12.0M
Cap Rate 7%
$8,595,000
$8.6M
Cap Rate 9%
$6,685,000
$6.7M
Market Conditions
NOI Build-Up for 60,000 SF
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.
Gross rent
$900.0K $15.00/SF
− Vacancy
−$40.5K −$0.68/SF
EGI
$859.5K $14.33/SF
− OpEx
−$257.9K −$4.30/SF
NOI
$601.7K $10.03/SF
Area
Tangipahoa County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,033,000
Cap Rate 7%
$8,595,000
Cap Rate 9%
$6,685,000
Alternative Uses
Best Use
Retail
$8.60M
$7.52M – $10.03M
NOI $601,650 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.54M
$14.47M – $19.30M
NOI $1,157,795 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail building with public water, sewer, gas, and electricity service.
Where is this retail space located?
The property is located at 1000 Roma Avenue Hammond, LA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 60,000 sqft retail building constructed in 1987; Large paved and concrete parking lot; Approximately 500 ft frontage on the west line of Roma Avenue
