Fenced Flex Space with Multiple
New
For Sale
$250,000
13402 Old Baton Rouge Hwy, Hammond, LA 70403
Fenced commercial property with two metal buildings, office amenities, powered roll-up doors, and a reinforced yard for equipment use.
Property Size4,000 SF
Lot Size1.24 Acres
Price / SF$62.50
Days on Market2
Property Features for 13402 Old Baton Rouge Hwy
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.24 Acres
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
205 SF
Building Details
Year Built
1989
Buildings
2
Stories
1
Construction
metal
Listing Agency:
Realty Executives Florida Parishes
Listed By:
SAM DIVITTORIO · License #995688138
(985) 320-0263
Source:
Dominionplace
Added: Sep 4
Last Checked: Sep 4 at 3:11PM
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 Realty Executives Florida Parishes
Investment Insights
Based on property information with market context.
Located at 13402 Old Baton Rouge Hwy in Hammond, this 1.24-acre flex property includes two metal buildings, a covered canopy, and a fully fenced yard. The primary building measures approximately 30' x 65' and provides five bays, five 10' x 12' roll-up doors, lighting, a side entry, and approximately 16' ceiling heights. An 18' x 40' covered metal canopy adds workspace or storage beneath approximately 13' of clearance.
The second building measures approximately 40' x 50' and includes a 17' x 12' heated and cooled office with mini-split A/C, kitchen, shower, half bath, and a 10' x 8' powered roll-up garage door. Both buildings have electrical service and concrete slabs. The improved yard includes hard rock beneath the grass and is suited for truck, trailer, equipment, and material storage. The property is designated Flood Zone X and was built in 1989.
The second building measures approximately 40' x 50' and includes a 17' x 12' heated and cooled office with mini-split A/C, kitchen, shower, half bath, and a 10' x 8' powered roll-up garage door. Both buildings have electrical service and concrete slabs. The improved yard includes hard rock beneath the grass and is suited for truck, trailer, equipment, and material storage. The property is designated Flood Zone X and was built in 1989.
Key Highlights
- 1.24‑acre fully fenced flex property at 13402 Old Baton Rouge Hwy, Hammond, LA 70403
- Two metal buildings totaling 4,000 SF with electrical service and concrete slabs
- Primary building measures approximately 30' x 65' with 5 bays and 5 roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$391,220
$391.2K
Cap Rate 7%
$279,443
$279.4K
Cap Rate 9%
$217,344
$217.3K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$25.0K $6.24/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$23.0K $5.75/SF
− OpEx
−$3.5K −$0.86/SF
NOI
$19.6K $4.89/SF
Area
Tangipahoa County, LA
Vacancy
7.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$391,220
Cap Rate 7%
$279,443
Cap Rate 9%
$217,344
Alternative Uses
Best Use
Flex RnD
$349.4K
$305.8K – $407.7K
NOI $24,461 @ 7.0% cap · market cap 9.78%
Second Best
Warehouse
$279.4K
$244.5K – $326.0K
NOI $19,561 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$1.10M
$964.8K – $1.29M
NOI $77,186 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property with two metal buildings, office amenities, powered roll-up doors, and a reinforced yard for equipment use.
Where is this flex space located?
The property is located at 13402 Old Baton Rouge Hwy Hammond, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1.24‑acre fully fenced flex property at 13402 Old Baton Rouge Hwy, Hammond, LA 70403; Two metal buildings totaling 4,000 SF with electrical service and concrete slabs; Primary building measures approximately 30' x 65' with 5 bays and 5 roll‑up doors
