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    16030 Lamonte Dr Hammond, LA 70403

    For Sale
    $850,000

    Five-suite building, ideal for investors or tenants.

    Property size:
    6,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 6,250 square foot commercial building, situated on a 0.44-acre lot at 16030 Lamonte Drive in Hammond, Louisiana, presents a lucrative investment opportunity. The property is comprised of five individual suites, offering flexibility for a variety of business uses. Currently, a portion of the building is available for lease, with 2,500 square feet offered at a triple net rate of $12 per square foot. The building's total size provides ample space for multiple tenants or a single large-scale operation. Its location in Hammond offers convenient access to major roadways and a thriving local market. The asking price for the entire building is $850,000, making it an attractive proposition for investors seeking a strong return on investment. The existing lease structure provides immediate income potential, while the remaining space offers opportunities for further development and rental income generation. This property is a rare find in the Hammond commercial real estate market, combining size, location, and income potential into one attractive package. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is offered for sale or lease.

    Property Features for 16030 Lamonte Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,250 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    2008
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Key Home Health ... Home Health Care Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.45617
    Latitude
    30.47215

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    FAQs

    What type of property is this?
    Commercial real estate - Five-suite building, ideal for investors or tenants.
    Where is this commercial real estate located?
    The property is located at 16030 Lamonte Dr Hammond, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    (985) 727-7000
    Request Owner's contact information
    16030 Lamonte Dr Hammond, LA 70403
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    Hammond, LA 70403
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    Realmo Value Estimation

    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.

    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.

    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
    16030 Lamonte Dr Hammond, LA 70403
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