Medical Office with Covered
For Sale
$495,000
15739 PROFESSIONAL, Hammond, LA 70403
Commercial Sale, Hammond, LA
Property Size2,278 SF
Lot Size0.26 Acres
Price / SF$217.30
Days on Market32
Property Features for 15739 PROFESSIONAL
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Parking features
Parking Lot
Standard status
Active
APN
02977001
Size
2,278 SF
Lot size
0.26 Acres
Additional Details
Property Use
Medical Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
LOT 5-A BEING THE W 90 FT OF LOT 5 PROFESSIONAL PLAZA IN SEC 1 T7SR7E HMD B450 P574 B461 P846 B750 P441 B939 P450 B1002 P305-310 B1455 P671 B1515 P250 MAP 1515/250
Legal Description
LOT 5-A BEING THE W 90 FT OF LOT 5 PROFESSIONAL PLAZA IN SEC 1 T7SR7E HMD B450 P574 B461 P846 B750 P441 B939 P450 B1002 P305-310 B1455 P671 B1515 P250 MAP 1515/250
Utilities
Utilities
Natural Gas Available
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Building materials
Brick
Listing Agency:
Berkshire Hathaway HS - Mandeville · Berkshire Hathaway HomeServices
(985) 951-2324
Listed By:
Catherine N Eppling · License #000072052
(985) 807-4238
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 2578119
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,278-square-foot medical office in Hammond has a reception area, waiting room, several offices, a conference room, and a kitchen/break area. Brick construction and a covered drive-up entrance are among its physical features. The property was built in 1978 and is zoned COMM.
A parking lot serves the property at 15739 Professional. Public water and natural gas availability are reported for the site.
A parking lot serves the property at 15739 Professional. Public water and natural gas availability are reported for the site.
Key Highlights
- 2,278 square feet of medical office space
- Reception area, waiting room, several offices, conference room, and kitchen/break area
- Covered drive‑up entrance
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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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 - Reception, waiting, office, conference, and break areas support a range of professional operations.
Where is this medical office space located?
The property is located at 15739 PROFESSIONAL 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, waiting room, several offices, conference room, and kitchen/break area; Covered drive‑up entrance
