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    Multi-Unit Industrial Complex For Rent Title is generated by Realmo AI

    12621 Wardline Rd, Hammond, LA 70401

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    Versatile warehouse suites near I-55, suitable for various business needs.

    Type:Office, Industrial
    Property size:
    32,500 SF
    Added:
    Jul 31, 2025
    Days on Market:
    286
    Last Refresh:
    Mar 16 at 10:45 am

    Property Features for 12621 Wardline Rd

    General Information

    Standard status
    Active
    Size
    32,500 SF
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 12621 Wardline Rd Contact us

    12619 $6 /Mo

    Size
    10,000 SF
    Type
    Office, Industrial
    This ±10,000 square foot warehouse features a desirable clear span layout with no...
    show more
    Contact us

    12609 $6 /Mo

    Size
    1,600 SF
    Type
    Office, Industrial
    This ±1,600 square foot warehouse offers clean, functional space ideal for storage,...
    show more
    Contact us

    12615 $6 /Mo

    Size
    6,250 SF
    Type
    Office, Industrial
    This ±6,250 square foot warehouse includes ±1,000 SF of built-out office space...
    show more
    Contact us

    12621 $8 /Mo

    Size
    6,500 SF
    Type
    Office, Industrial
    This ±6,500 square foot warehouse offers functional space with excellent loading...
    show more
    Contact us

    12605 $10 /Mo

    Size
    3,250 SF
    Type
    Office, Industrial
    This ±3,250 square foot suite offers a functional mix of ±2,000 SF of climate-controlled...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Bradley Cook, MS, CCIM

    Listing agent Bradley Cook, MS, CCIM License #LA

    Listing office Stirling

    Listing date Jul 31, 2025

    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 Stirling

    HighLights

    • Excellent access to Interstate 55 and the city of Hammond, LA, providing efficient logistics and regional connectivity.
    • Boasting ±32,500 SF, this multi‑unit industrial complex offers six versatile warehouse suites.
    • Suites are uniquely configured for warehousing, distribution, showroom, and light manufacturing.
    • Features include climate‑controlled office space, clear span layouts, private offices, break rooms, restrooms, and multiple roll‑up doors.
    • Shared on‑site community truck well enhances loading and freight handling.
    • One suite includes a private dock with a raised loading area.

    Overview

    Located just outside Hammond, Louisiana, this multi-unit industrial complex offers approximately 32,500 square feet of space. The property features six versatile warehouse suites designed to accommodate a variety of operational needs. It provides excellent access to the city and Interstate 55, making it suitable for businesses requiring efficient logistics, regional connectivity, and flexible space options. Each suite is uniquely configured, ranging in size and function to accommodate uses such as warehousing, distribution, showroom, and light manufacturing. Tenants benefit from a mix of features including climate-controlled office space, clear span layouts, private offices, break rooms, restrooms, and multiple roll-up doors. One suite includes a private dock with a raised loading area, while all tenants enjoy access to a shared on-site community truck well, enhancing loading and freight handling capabilities. Clear heights range from 13 to 14 feet, and eave heights are consistent at 14 feet across the site. This property offers a functional and adaptable setting in a prime location for showroom with warehouse, pure industrial space, or a private dock solution.
    Location Intelligence

    Current Use by Public Records

    Flowers Baking Co Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

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

    Similar Places Nearby

    • Ellzey Catering LLC — 1312 N Oak St, Hammond, LA 70401

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.5138908
    Latitude
    30.519948

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    FAQs

    What type of property is this?
    Flex space - Versatile warehouse suites near I-55, suitable for various business needs.
    Where is this flex space located?
    The property is located at 12621 Wardline Rd Hammond, LA.
    What are key features of this property?
    This property features: Excellent access to Interstate 55 and the city of Hammond, LA, providing efficient logistics and regional connectivity.; Boasting ±32,500 SF, this multi‑unit industrial complex offers six versatile warehouse suites.; Suites are uniquely configured for warehousing, distribution, showroom, and light manufacturing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bradley Cook, MS, CCIM
    Real Estate License ID: LA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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