Building Details

Year built 1954

Floors in Building 1

Listing Agency: Keller Williams Realty Services l***@kw.com Show Phone

Listed By: Louis Williams · License #73679 Show Phone

Added: Aug 18 Changed: Sep 22 Last Checked: Oct 7 at 7:06AM

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MLS# 2572469

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 1,210-square-foot live-work property combines residential space with a commercially adaptable layout. The main interior includes a living area with wood paneling, natural light, a ceiling fan, and wood-look porcelain tile, along with a kitchen featuring gray cabinetry, tile backsplash, counter space, and white appliances. A bright bonus room has its own exterior entrance, while additional rooms, a full bath with tub/shower, a firewall, and a fire door support the property's mixed-use configuration.

The 0.3213-acre parcel includes a covered patio, fenced backyard, mature shade trees, storage building, French drain, and driveway and off-street parking. Built in 1954, the property is served by public water and is located at 112 N Scanlan Street in Hammond, Louisiana. MX-C zoning allows up to 80% commercial use, subject to applicable requirements.

Key Highlights

• Live‑work space with 1,210 square feet of property size
• MX‑C zoning with up to 80% commercial use
• Bonus room includes a separate exterior entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,529

Cap Rate

2.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$110,580 $110.6K

Cap Rate 7%

$78,986 $79.0K

Cap Rate 9%

$61,433 $61.4K

Market Conditions

NOI Build-Up for 1,210 SF

Gross rent

$9.9K $8.16/SF

− Vacancy

−$1.0K −$0.85/SF

EGI

$8.8K $7.31/SF

− OpEx

−$3.3K −$2.74/SF

NOI

$5.5K $4.57/SF

Area

Tangipahoa County, LA

Vacancy

10.40%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$110,580

Cap Rate 7%

$78,986

Cap Rate 9%

$61,433

Alternative Uses

Best Use

Office B

$260.6K

$228.0K – $304.0K (±1% cap)

NOI $18,241 @ 7.0% cap · market cap 9.60%

Second Best

Mixed Use

$79.0K

$69.1K – $92.2K (±1% cap)

NOI $5,529 @ 7.0% cap · market cap 2.91%

Theoretical Best

Office A

$333.6K

$291.9K – $389.2K (±1% cap)

NOI $23,349 @ 7.0% cap · market cap 12.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Acupuncture Veterinary Clinic Tanning Salon 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.

Location Intelligence

Trade Area within ½ mile

742

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 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 live-work space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - MX-C zoning accommodates a flexible home-and-business setup with a separately accessed bonus room.

Where is this live-work space located?

The property is located at 112 N SCANLAN Street Hammond, LA.

What is the asking price?

The asking price for this property is $189,999.

What are key features of this property?

This property features: Live‑work space with 1,210 square feet of property size; MX‑C zoning with up to 80% commercial use; Bonus room includes a separate exterior entrance