Building Details

Year Built 1948

Buildings 1

Stories 2

Tenancy Multi

Listing Agency: NextHome Real Estate Professionals

Listed By: Jeannie Crayton · License #000072192 Show Phone

Source: Dominionplace

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 6 at 12:15AM

Report an Issue

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 Professionals

Investment Insights

Based on property information with market context.

The Toggery Building is a mixed-use property with 2,500 square feet of ground-floor retail or commercial space and an additional 2,500 square feet on the top floor. The commercial areas feature expansive display windows, high ceilings, and preserved architectural details. The second floor contains three residential apartments, creating a combination of commercial and residential occupancy within the same building. Constructed in 1948, the property is zoned com.

Located at 105 W Thomas Street in Downtown Hammond, the building is near restaurants, coffee shops, and other downtown businesses. Its position within the downtown area provides a setting suited to retail, office, or service-oriented commercial uses alongside residential apartments.

Key Highlights

• 5,000 square feet across two floors
• 2,500 square feet of ground‑floor retail or commercial space
• Three residential apartments on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,135

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,202,700 $1.2M

Cap Rate 7%

$859,071 $859.1K

Cap Rate 9%

$668,167 $668.2K

Market Conditions

NOI Build-Up for 5,997 SF

Gross rent

$90.0K $15.00/SF

− Vacancy

−$4.0K −$0.68/SF

EGI

$85.9K $14.33/SF

− OpEx

−$25.8K −$4.30/SF

NOI

$60.1K $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 Rate 5%

$1,202,700

Cap Rate 7%

$859,071

Cap Rate 9%

$668,167

Alternative Uses

Best Use

Retail

$859.1K

$751.7K – $1.00M (±1% cap)

NOI $60,135 @ 7.0% cap · market cap 6.36%

Second Best

Apartment 5plus

$560.2K

$490.2K – $653.6K (±1% cap)

NOI $39,216 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$1.65M

$1.45M – $1.93M (±1% cap)

NOI $115,722 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Toggery Shop Clothing Store IMAGINE BOUTIQUE. Clothing & Fashion Store

Suggested Use

Top Pick Kitchen & Bath Showroom Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,033

Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

8-Unit Multifamily Property

15313 W Hoffman Rd, Hammond, LA 70403

$795,000

6,144 SF

View details

11-Unit Apartment Building

48 Whitmar Dr, Hammond, LA 70401

$750,000

6,192 SF

View details

Eight-Unit Cottage Apartment Property

11581 AMI Lane, Hammond, LA 70401

$780,000

7,200 SF

View details

8-Unit Apartment Complex

14106 W Club Deluxe Rd, Hammond, LA 70403

$780,000

7,400 SF

View details

Corner Storefront Building

113 N Cypress St, Hammond, LA 70401

$1,144,000

8,930 SF

View details

16-Unit Apartment Building

50 WHITMAR Drive, Hammond, LA 70401

$1,375,000

View details

Character-Rich Mixed-Use Property

602 E MORRIS AVENUE, Hammond, LA 70403

$625,000

4,119 SF

View details

Multifamily Property with Storage Building

44528 TIFFANY LYNN Court, Hammond, LA 70403

$519,900

3,350 SF

View details

Mixed-Use Building With Apartments

904 W Thomas St, Hammond, LA 70401

$545,000

3,127 SF

View details

12-Unit Apartment Complex

1300 S RANGE Road, Hammond, LA 70403

$1,600,000

11,784 SF

View details

Auto Shop with Large Yard

47310 N Morrison Boulevard, Hammond, LA 70401

$519,000

2,000 SF

View details

New Construction Duplex Portfolio

14007 PERKS Way, Hammond, LA 70401

$1,600,000

1,646 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor commercial space combines with three residential apartments in a downtown building featuring display windows and high ceilings.

Where is this mixed-use property located?

The property is located at 105 W Thomas St Hammond, LA.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: 5,000 square feet across two floors; 2,500 square feet of ground‑floor retail or commercial space; Three residential apartments on the second floor