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Property profile & analytics
OFF-MARKET
Commercial real estate

16195 Minnesota Park Rd Hammond, LA 70403

Property ID
Property summary
AI-generated overview

This exceptional 2.5-acre commercial property presents a unique investment opportunity in Hammond, Louisiana's thriving corridor. Strategically situated near the bustling Hammond Square Mall and with convenient access to Interstate 12, this site enjoys high visibility and excellent connectivity. The property is zoned for a diverse range of uses, including commercial, multifamily residential, and light industrial development, providing considerable flexibility for potential buyers. This versatility allows for a wide array of development options, catering to various business needs and investment strategies. Preliminary site plans are available to illustrate potential development scenarios. Importantly, the property is located in Flood Zone X, minimizing flood risk and offering peace of mind to investors. The asking price of $450,000 represents a compelling value for a property of this size, location, and zoning potential in a rapidly growing area. This is an exceptional opportunity to acquire a prime piece of commercial real estate poised for significant future growth and return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Contact us today to schedule a viewing and discuss your development plans.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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