Building Details

Year Built 1978

Listing Agency: Berkshire Hathaway HomeServices Preferred, REALTOR

Listed By: Catherine Eppling · License #72052 Show Phone

Source: Dominionplace

Added: Oct 2 Changed: Oct 6 Last Checked: Oct 7 at 1:08PM

Report an Issue

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

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.

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 (±1% cap)

NOI $34,342 @ 7.0% cap · market cap 6.94%

Second Best

Healthcare Medical

$385.9K

$337.7K – $450.2K (±1% cap)

NOI $27,013 @ 7.0% cap · market cap 5.46%

Theoretical Best

Office A

$628.0K

$549.5K – $732.6K (±1% cap)

NOI $43,958 @ 7.0% cap · market cap 8.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Summers Neurosurgery LLC Medical Clinic Christopher Young Lew Physician Hammond Physical Therapy ... Physician Lori Summers MD Physician

Suggested Use

Top Pick Auto Parts Store HVAC Service Garden Center Plumbing Service Locksmith Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

New Medical Office Development

1600 Bauerle Rd, Hammond, LA 70403

Contact for pricing

13,272 SF

View details

Auto Shop with Large Yard

47310 N Morrison Boulevard, Hammond, LA 70401

$519,000

2,000 SF

View details

Single-Story Quadplex

46507 FAYE Lane, Hammond, LA 70401

$315,900

2,447 SF

View details

New Flex Space with Warehouse

1221 McKaskle Dr, Hammond, LA 70403

$540,000

3,000 SF

View details

Storefront Retail Space

P-1242 S Morrison Blvd, Hammond, LA 70401

$325,000

1,981 SF

View details

Commercial Storefront Property

1242 S Morrison Boulevard P, Hammond, LA 70403

$325,000

1,981 SF

View details

Mixed-Use Building With Apartments

904 W Thomas St, Hammond, LA 70401

$545,000

3,127 SF

View details

Versatile Commercial Property on Large Lot

1308 S Morrison Boulevard, Hammond, LA 70403

$1,900,000

2,295 SF

View details

Multifamily Property with Storage Building

44528 TIFFANY LYNN Court, Hammond, LA 70403

$519,900

3,350 SF

View details

Duplex with Private Fenced Yards

1311 Bauerle Rd, Hammond, LA 70403

$250,000

2,006 SF

View details

Two-Unit Duplex with Privacy Fencing

309 Hewitt Rd, Hammond, LA 70403

$250,000

2,006 SF

View details

Office Building with Fenced Yard

1024 S Cypress St, Hammond, LA 70403

$400,000

1,553 SF

View details

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