Self-Storage Facility with
For Sale
$425,000
1300-1308 W W Thomas St, Hammond, LA 70401
The property includes two tenant-occupied units and an on-site parking lot.
Property Size5,625 SF
Price / SF$75.56
Days on Market71
Property Features for 1300-1308 W W Thomas St
General Information
Standard status
Active
Size
5,625 SF
Additional Details
Self-Storage Units
14
Building Details
Year Built
1964
Listing Agency:
Keller Williams Realty Services
Listed By:
Will Frederick · License #0912124137
(225) 939-6072
Source:
Fiorellaavenue
Added: Aug 7
Changed: Oct 9
Last Checked: Oct 16 at 11:14AM
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 Keller Williams Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage facility contains 5,625 square feet and was built in 1964. Two units are currently tenant occupied, providing an established occupancy component within the property. An on-site parking lot is also included.
The property is located at 1300-1308 W W Thomas St in Hammond, Louisiana. Its existing self-storage configuration, occupied units, building area, and parking component define the current property offering.
The property is located at 1300-1308 W W Thomas St in Hammond, Louisiana. Its existing self-storage configuration, occupied units, building area, and parking component define the current property offering.
Key Highlights
- 5,625 SF self‑storage property
- Built in 1964
- 2 units are tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,501
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,020
$670.0K
Cap Rate 7%
$478,586
$478.6K
Cap Rate 9%
$372,233
$372.2K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$52.7K $9.36/SF
− Vacancy
−$4.8K −$0.85/SF
EGI
$47.9K $8.51/SF
− OpEx
−$14.4K −$2.55/SF
NOI
$33.5K $5.96/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,020
Cap Rate 7%
$478,586
Cap Rate 9%
$372,233
Alternative Uses
Best Use
Self Storage
$478.6K
$418.8K – $558.4K
NOI $33,501 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$393.0K
$343.9K – $458.5K
NOI $27,508 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,543 @ 7.0% cap · market cap 25.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
813
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - The property includes two tenant-occupied units and an on-site parking lot.
Where is this self storage facility located?
The property is located at 1300-1308 W W Thomas St Hammond, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,625 SF self‑storage property; Built in 1964; 2 units are tenant occupied
