Well-Kept Office Building with
1024 S CYPRESS Street Hammond, LA 70403
1024 S CYPRESS Street, Hammond, LA, 70403
$400,000
For Sale
$400,000
COMMERCIAL - Hammond, LA
Property Size1,553 SF
Lot Size0.18 Acres
Price / SF$257.57
Days on Market229
Property Features for 1024 S CYPRESS Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COM
- Parking features
- Off Street
- Standard status
- Active
- APN
- 01534106
- Size
- 1,553 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- LOT 4-5-18 & LOT MEAS 75 X 103.08 FT LOCATED ON W SIDE OF LOTS 4-18 GEYSER PLACE ADD HMD B504 P398 B685 P461 B703 P24 B1644 P615 B1656 P851 MAP 708/405 1644/615
Utilities
- Water source
- Public
Building Details
- Year built
- 1943
Listing agency
Keller Williams Realty Services
(985) 727-7000
Listed by
Will Frederick · License #912124137
(985) 727-7000
Added: Dec 4, 2025 Updated: May 13 at 5:52AM Checked: Jul 21 at 3:06PM
MLS# 2533431
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.
Investment Insights
Based on property information with market context.
This well-kept commercial office building is set up with three offices, a conference room, a break room, two bathrooms, and a storage room. One of the back offices is currently rented, providing immediate rental income.
The property is located just minutes from downtown Hammond, and the site is landscaped and includes a fully fenced laydown yard.
With its compact footprint and dedicated office-oriented interior layout, the building offers a practical configuration for an owner-operator or a tenant seeking a small office environment with added outdoor storage.
The property is located just minutes from downtown Hammond, and the site is landscaped and includes a fully fenced laydown yard.
With its compact footprint and dedicated office-oriented interior layout, the building offers a practical configuration for an owner-operator or a tenant seeking a small office environment with added outdoor storage.
Key Highlights
- Well‑kept commercial office building built in 1943 with public water and off‑street parking
- Interior layout includes three offices, a conference room, a break room, two bathrooms, and a storage room
- One back office is currently rented for $500/month, providing immediate rental income
Local Financial Insights For Office B
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 | $36.3k | $23.40 |
| − Vacancy | −$5.1k | −$3.30 |
| EGI | $31.2k | $20.10 |
| − OpEx | −$7.8k | −$5.03 |
| NOI | $23.4k | $15.08 |
1,553 SF · lease $23.40/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$334.5K
$292.7K – $390.2K
NOI $23,412 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office building with three offices, conference room, break room, two bathrooms, storage, and a fully fenced laydown yard.
Where is this office units located?
The property is located at 1024 S CYPRESS Street Hammond, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Well‑kept commercial office building built in 1943 with public water and off‑street parking; Interior layout includes three offices, a conference room, a break room, two bathrooms, and a storage room; One back office is currently rented for $500/month, providing immediate rental income
