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    Fully Leased Medical Office Building Title is generated by Realmo AI

    2204 Robin Ave, Hammond, LA

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    16,622 SF fully-leased medical office building for sale.

    Type:OFFICE
    Property size:
    16,622 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $200/SF
    Added:
    May 19, 2022
    Days on Market:
    1482
    Last Refresh:
    May 19 at 10:21 pm

    Property Features for 2204 Robin Ave

    General Information

    Standard status
    Active
    Size
    16,622 SF
    Lot size
    1.30 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Steve Beck
    Steve Beck

    Listing agent Steve Beck License #714756000

    Listing office COBE Real Estate

    Listing date May 19, 2022

    Source Moodyscre

    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 COBE Real Estate

    HighLights

    • 16,622 SF fully‑leased medical office.
    • Located within a half‑mile from the Interstate 12 and Interstate 55 intersection.
    • Large parcel of approximately 1.28 acres.
    • Conveniently situated by busy retail thoroughfare.
    • Within minutes of every major Hammond, LA hospital.
    • Medical office building.

    Overview

    A 16,622 square foot fully-leased medical office building is available for sale. The property is situated on a parcel of approximately 1.28 acres. The location is within half a mile of the intersection of Interstate 12 and Interstate 55, conveniently situated by a busy retail thoroughfare and within minutes of major hospitals in Hammond, Louisiana.

    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 $389.0k $23.40
    − Vacancy −$54.8k −$3.30
    EGI $334.1k $20.10
    − OpEx −$83.5k −$5.03
    NOI $250.6k $15.08
    16,622 SF · lease $23.40/SF/yr · vacancy 14.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.58M
    $3.13M – $4.18M (±1% cap)
    NOI $250,584 @ 7.0% cap · market cap 7.51%
    Second Best
    Healthcare Medical
    $2.82M
    $2.46M – $3.29M (±1% cap)
    NOI $197,110 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Office A
    $4.58M
    $4.01M – $5.35M (±1% cap)
    NOI $320,748 @ 7.0% cap · market cap 9.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Lindsay Demouy Physician Dr. Lane Perilloux Physician Deborah Starring Physician Marilyn Kovar Physician Brittany Holland Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Animal Care Center: Ledet Liza DVM — 14101 w club deluxe rd, hammond, la 70403
    • Animal Care Center — 14101 W Club Deluxe Rd, Hammond, LA 70403
    • Bubrig Darryl w DVM — 14101 W Club Deluxe Rd, Hammond, LA 70403
    • Animal Care Center: Downing Jessica DVM — 14101 W Club Deluxe Rd, Hammond, LA 70403
    • Animal Care Center: Miceli-Russ Lauren DVM — 14101 W Club Deluxe Rd, Hammond, LA 70403, United States

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.4853
    Latitude
    30.4857

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    FAQs

    What type of property is this?
    Medical Office Space - 16,622 SF fully-leased medical office building for sale.
    Where is this medical office space located?
    The property is located at 2204 Robin Ave Hammond, LA.
    What is the asking price?
    The asking price for this property is $3,337,462.
    What are key features of this property?
    This property features: 16,622 SF fully‑leased medical office.; Located within a half‑mile from the Interstate 12 and Interstate 55 intersection.; Large parcel of approximately 1.28 acres.
    (480) 251-1505 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Beck
    Steve Beck
    Real Estate License ID: 714756000
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