Highway Frontage Mixed-Use
For Sale
$155,000
12289 Hwy 190, Hammond, LA 70401
Mixed-use property on Hwy 190, minutes from I-12 and I-55.
Property Size1,500 SF
Price / SF$103.33
Days on Market140
Property Features for 12289 Hwy 190
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Vacant Land
Listing Agency:
KW Commercial Baton Rouge
Listed By:
David Vercher · License #70595
(225) 768-1889
Source:
Larry.agent225
Added: May 27
Changed: Oct 8
Last Checked: Oct 7 at 4:58PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,854
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,080
$137.1K
Cap Rate 7%
$97,914
$97.9K
Cap Rate 9%
$76,156
$76.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$12.2K $8.16/SF
− Vacancy
−$1.3K −$0.85/SF
EGI
$11.0K $7.31/SF
− OpEx
−$4.1K −$2.74/SF
NOI
$6.9K $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%
$137,080
Cap Rate 7%
$97,914
Cap Rate 9%
$76,156
Alternative Uses
Best Use
Mixed Use
$97.9K
$85.7K – $114.2K
NOI $6,854 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
52
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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 Hammond, LA.
What is the asking price?
The asking price for this property is $155,000.
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.
