Industrial Warehouse
For Sale
$4,575,000
12047 Old Baton Rouge Hwy, Hammond, LA 70403
Industrial-zoned warehouse property with substantial stabilized land and warehouse improvements.
Property Size45,474 SF
Price / SF$100.61
Days on Market461
Property Features for 12047 Old Baton Rouge Hwy
General Information
Standard status
Active
Size
45,474 SF
Property subtype
Industrial
Zoning
INDUSTRIAL
Amenities
Water
Sewer
Building Details
Year Built
2012
Listing Agency:
RE/MAX Partners
(225) 954-4747
Listed By:
Doug Ferris · License #995696855
(225) 954-4747
Source:
Lacdb.resimplifi
Added: May 29, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:13AM
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 RE/MAX Partners
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$278,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,561,660
$5.6M
Cap Rate 7%
$3,972,614
$4.0M
Cap Rate 9%
$3,089,811
$3.1M
Market Conditions
NOI Build-Up for 45,474 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $278,083 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$3.18M
$2.78M – $3.71M
NOI $222,381 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$12.54M
$10.97M – $14.62M
NOI $877,492 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
