Med Spa with Private Treatment
1006 E Thomas St, Hammond, LA 70401
For Sale
New
$389,000
Commercial Neighborhood zoning, paved parking, and a covered parking area serve the property within Hammond city limits.
Property Size2,111 SF
Price / SF$184.27
Days on Market5
Property Features for 1006 E Thomas St
General Information
Standard status
Size
Zoning
Additional Details
Currently Operating
Property Use
Amenities
full kitchen
granite countertops
stainless steel appliances
stained concrete floors
abundant natural light
ample paved parking
covered parking
reception and waiting area
multiple salon stations
3 private rooms
2 restrooms
Listing Agency:
NextHome Real Estate Prof
(985) 429-0777
Listed By:
Mindy S Delaney · License #995700621,PersonLicenseNumber
(985) 373-3764
Source:
Exprealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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 NextHome Real Estate Prof
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Investment Insights
Based on property information with market context.
This 2,111-square-foot spa and wellness property in Hammond is arranged with an open interior, reception and waiting area, multiple salon stations, three private rooms, and two restrooms. A full kitchen includes granite countertops, stainless steel appliances, and cabinet storage. Stained concrete flooring and abundant natural light are also present.
The property is located at 1006 E Thomas St within Hammond city limits and is zoned Commercial Neighborhood. Paved parking and covered parking are available on site.
The property is located at 1006 E Thomas St within Hammond city limits and is zoned Commercial Neighborhood. Paved parking and covered parking are available on site.
Key Highlights
- 2,111 square feet
- Three private rooms and two restrooms
- Open layout with reception, waiting area, and multiple salon stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,824
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,480
$636.5K
Cap Rate 7%
$454,629
$454.6K
Cap Rate 9%
$353,600
$353.6K
Market Conditions
NOI Build-Up for 2,111 SF
Gross rent
$49.4K $23.40/SF
− Vacancy
−$7.0K −$3.30/SF
EGI
$42.4K $20.10/SF
− OpEx
−$10.6K −$5.03/SF
NOI
$31.8K $15.08/SF
Area
Tangipahoa County, LA
Vacancy
14.10%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,480
Cap Rate 7%
$454,629
Cap Rate 9%
$353,600
Alternative Uses
Best Use
Office B
$454.6K
$397.8K – $530.4K
NOI $31,824 @ 7.0% cap · market cap 8.18%
Second Best
Healthcare Medical
$357.6K
$312.9K – $417.2K
NOI $25,033 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$581.9K
$509.2K – $678.9K
NOI $40,735 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Anthon Chiropractic Care — 105 S Cherry St, Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercial Neighborhood zoning, paved parking, and a covered parking area serve the property within Hammond city limits.
Where is this spa & wellness property located?
The property is located at 1006 E Thomas St Hammond, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,111 square feet; Three private rooms and two restrooms; Open layout with reception, waiting area, and multiple salon stations
