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Highway Frontage Mixed-Use Property

12289 HWY 190 W HAMMOND 70401 Hammond, LA 70401

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Mixed-use property on Hwy 190, minutes from I-12 and I-55.

Type:Multifamily, Office, Industrial
Property size:
1,500 SF
Price / SF:
$116.67/SF
Added:
May 24, 2026
Days on Market:
52
Last Refresh:
May 27 at 8:24 am

Property Features for 12289 HWY 190 W HAMMOND 70401

General Information

Standard status
Active
Size
1,500 SF
Property subtype
Multifamily, Office, Industrial

Listing office KW Commercial Baton Rouge

Listing date May 24, 2026

Source Crexi

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 KW Commercial Baton Rouge


Investment Insights

Based on property information with market context.

This mixed-use property is ideally situated on Hwy 190, just minutes from I-12 and I-55 in Hammond, Louisiana. The property is being sold in as-is condition, with a 1,500 +/- square foot house on the premises. The house may be suitable to restore for use as an office or retail store. City water, electric, natural gas, and a sewer treatment plant are present on the property. The seller may assist in the removal of the house.

Key Highlights

  • Prime location on Hwy 190, minutes from I‑12 and I‑55.
  • City water, electric, natural gas, and sewer treatment plant available on the property.
  • Potential for commercial use (office or retail store) with existing 1,500 +/-sf structure.

Local Financial Insights For Retail

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 $22.5k $15.00
− Vacancy −$1.0k −$0.68
EGI $21.5k $14.33
− OpEx −$6.4k −$4.30
NOI $15.0k $10.03
1,500 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$323.0K
$282.7K – $376.9K (±1% cap)
NOI $22,613 @ 7.0% cap · market cap 12.92%
Second Best
Retail
$214.9K
$188.0K – $250.7K (±1% cap)
NOI $15,041 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K (±1% cap)
NOI $28,945 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom Furniture & Home Goods Building Supply Big Box & Wholesale Store Storage Facility Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use property on Hwy 190, minutes from I-12 and I-55.
Where is this mixed-use property located?
The property is located at 12289 HWY 190 W HAMMOND 70401 Hammond, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prime location on Hwy 190, minutes from I‑12 and I‑55.; City water, electric, natural gas, and sewer treatment plant available on the property.; Potential for commercial use (office or retail store) with existing 1,500 +/-sf structure.
Contact an agent
(225) 768-1889 Call to check price and availability
More about this property
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