Highway Frontage Mixed-Use
For Sale
Contact for pricing
12289 HWY 190 W HAMMOND 70401, Hammond, LA 70401
Mixed-use property on Hwy 190, minutes from I-12 and I-55.
Property Size1,500 SF
Price / SF$116.67
Days on Market68
Property Features for 12289 HWY 190 W HAMMOND 70401
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multifamily, Office, Industrial
Listing Agency:
KW Commercial Baton Rouge
(225) 768-1889
Listed By:
David Vercher · License #LA 0000070595
Source:
Crexi
Added: May 24
Changed: Jul 10
Last Checked: Jul 29 at 1:34PM
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 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
NOI $22,613 @ 7.0% cap · market cap 12.92%
Second Best
Retail
$214.9K
$188.0K – $250.7K
NOI $15,041 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 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.
