Medical Office with Covered
15739 Professional Plaza, Hammond, LA 70403
For Sale
$495,000
A reception area, waiting room, offices, conference room, and kitchen/break area support a range of professional operations.
Property Size2,278 SF
Price / SF$217.30
Days on Market43
Property Features for 15739 Professional Plaza
General Information
Standard status
Size
Amenities
covered drive-up entrance
security system
conference room
kitchen/break area
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
Listed By:
Catherine Eppling · License LA #72052
(985) 807-4238
Source:
Dominionplace
Added: Oct 2
Changed: Oct 25
Last Checked: Nov 12 at 1:58PM
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 Berkshire Hathaway HomeServices Preferred, REALTOR
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Investment Insights
Based on property information with market context.
This 2,278-square-foot medical office in Hammond features a reception area and waiting room, several offices, a conference room, and a kitchen/break area. Interior finishes and a functional floor plan are in place, with a covered drive-up entrance and an elaborate security system.
The property is located at 15739 Professional Plz in Hammond, Louisiana. On-site parking is also provided.
The property is located at 15739 Professional Plz in Hammond, Louisiana. On-site parking is also provided.
Key Highlights
- 2,278 square feet of medical office space
- Reception area and waiting room
- Several offices plus a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,342
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,840
$686.8K
Cap Rate 7%
$490,600
$490.6K
Cap Rate 9%
$381,578
$381.6K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$53.3K $23.40/SF
− Vacancy
−$7.5K −$3.30/SF
EGI
$45.8K $20.10/SF
− OpEx
−$11.4K −$5.03/SF
NOI
$34.3K $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%
$686,840
Cap Rate 7%
$490,600
Cap Rate 9%
$381,578
Alternative Uses
Best Use
Office B
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$385.9K
$337.7K – $450.2K
NOI $27,013 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$628.0K
$549.5K – $732.6K
NOI $43,958 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Well-served
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Brandywine Valley SPCA | Tangi Wellness Clinic — 15487 W Club Deluxe Rd, Hammond, LA 70403
- Stafford Veterinary Hospital — 43110 S Range Rd, Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, waiting room, offices, conference room, and kitchen/break area support a range of professional operations.
Where is this medical office space located?
The property is located at 15739 Professional Plaza Hammond, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,278 square feet of medical office space; Reception area and waiting room; Several offices plus a conference room
