Building Details

Year Built 2012

Listing Agency: RE/MAX Partners

Listed By: Douglas Ferris Show Phone

Source: Lacdb.resimplifi

Added: May 29, 2025 Changed: Oct 3 Last Checked: Oct 14 at 7:40PM

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Investment Insights

Based on property information with market context.

The property comprises 45,474 square feet of warehouse space on approximately 8.6 acres of stabilized land. Improvements include a warehouse building with 14-foot eave heights, along with additional areas designated for receiving, shipping, and office functions.

Constructed in 2012, the facility is zoned INDUSTRIAL and is located at 12047 Old Baton Rouge Hwy in Hammond, Louisiana. The combination of warehouse improvements, office-related space, and a sizable land component provides a functional industrial property profile.

Key Highlights

• 45,474 square feet of warehouse space
• Approximately 8.6+- acres of stabilized land
• 14‑foot eave heights in one warehouse building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$278,083

Cap Rate

6.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,561,660 $5.6M

Cap Rate 7%

$3,972,614 $4.0M

Cap Rate 9%

$3,089,811 $3.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 45,474 SF

Gross rent

$436.6K $9.60/SF

− Vacancy

−$8.7K −$0.19/SF

EGI

$427.8K $9.41/SF

− OpEx

−$149.7K −$3.29/SF

NOI

$278.1K $6.12/SF

Area

Tangipahoa County, LA

Vacancy

2.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,561,660

Cap Rate 7%

$3,972,614

Cap Rate 9%

$3,089,811

Alternative Uses

Best Use

Flex RnD

$3.97M

$3.48M – $4.63M (±1% cap)

NOI $278,083 @ 7.0% cap · market cap 6.08%

Second Best

Warehouse

$3.18M

$2.78M – $3.71M (±1% cap)

NOI $222,381 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$12.54M

$10.97M – $14.62M (±1% cap)

NOI $877,492 @ 7.0% cap · market cap 19.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Statewide Transport Freight Service

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Hair Salon Electrical Service Pharmacy

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

39

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70403, LA

29,737

Population

13,577

Households

2.2

Avg Household Size

37

Median Age

24%

College-Educated

84%

High-School Grad

42.3 sq mi

ZIP Area

703

Density / Sq Mi

$50,547

Median Household Income

$32,603

Median Earnings

$992

Median Rent

$207,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial-zoned warehouse property with substantial stabilized land and warehouse improvements.

Where is this warehouse located?

The property is located at 12047 Old Baton Rouge Hwy Hammond, LA.

What is the asking price?

The asking price for this property is $4,575,000.

What are key features of this property?

This property features: 45,474 square feet of warehouse space; Approximately 8.6+- acres of stabilized land; 14‑foot eave heights in one warehouse building