Single-Story Office
For Sale
Contact for pricing
1305 Derek Dr, Hammond, LA 70403
Single-story office with efficient floor plans, ample parking, and high-speed internet connectivity.
Property Size8,800 SF
Price / SF$0.00
Days on Market573
Property Features for 1305 Derek Dr
General Information
Standard status
Active
Size
8,800 SF
Total Parking Spaces
31
Property subtype
Office
Zoning
COMMERCIAL
Lease Type
NNN
Additional Details
Space Use
Office
Amenities
high-speed internet connectivity
31 Parking Spaces
Building Details
Year Built
2008
Stories
1
Tenancy
Multi-Tenant
Construction
french chalet
Listing Agency:
Property One Inc New Orleans
Listed By:
David Da Cunha · License #47108-ACT
(504) 681-3409
Source:
Lacdb.resimplifi
Added: Apr 1, 2025
Changed: Oct 23
Last Checked: Oct 24 at 1:36PM
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 Property One Inc New Orleans
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Investment Insights
Based on property information with market context.
Single-story office building featuring traditional French chalet-style architecture and efficient floor plans designed for business use. The space is described as having customizable areas to fit your operating needs, supported by high-speed internet connectivity for day-to-day work.
The property is located at 1305 Derek Dr in Hammond, Louisiana, and is positioned near medical and retail-related businesses. The remarks also note proximity to major transportation routes, aimed at providing convenient access for both clients and employees.
With ample parking on site, this building is presented as a professional workplace option for tenants seeking a straightforward, adaptable office environment in Hammond.
The property is located at 1305 Derek Dr in Hammond, Louisiana, and is positioned near medical and retail-related businesses. The remarks also note proximity to major transportation routes, aimed at providing convenient access for both clients and employees.
With ample parking on site, this building is presented as a professional workplace option for tenants seeking a straightforward, adaptable office environment in Hammond.
Key Highlights
- Single‑story office building with traditional French chalet‑style architecture
- 2,192 SF office building
- Efficient floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,664
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,280
$2.7M
Cap Rate 7%
$1,895,200
$1.9M
Cap Rate 9%
$1,474,044
$1.5M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$205.9K $23.40/SF
− Vacancy
−$29.0K −$3.30/SF
EGI
$176.9K $20.10/SF
− OpEx
−$44.2K −$5.03/SF
NOI
$132.7K $15.08/SF
Area
Tangipahoa County, LA
Vacancy
14.10%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,280
Cap Rate 7%
$1,895,200
Cap Rate 9%
$1,474,044
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,664 @ 7.0% cap · market cap 758,080.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,810 @ 7.0% cap · market cap 970,342.86%
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
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Single-story office with efficient floor plans, ample parking, and high-speed internet connectivity.
Where is this office building located?
The property is located at 1305 Derek Dr Hammond, LA.
What are key features of this property?
This property features: Single‑story office building with traditional French chalet‑style architecture; 2,192 SF office building; Efficient floor plans
