Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Development Site Title is generated by Realmo AI

    16195 E MINNESOTA PARK Road lot Title, Hammond, LA 70403

    View on Map
    Claim this Listing
    For Sale
    $399,000

    LAND - Hammond, LA

    Lot size:
    2.50 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    197
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 16195 E MINNESOTA PARK Road lot Title

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMRES
    Standard status
    Active
    APN
    3207404
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Description
    2.50 A IN SEC 36

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Spencer Rossie
    Spencer Rossie

    Listing agent Spencer Rossie License #995717650

    Listing office Century 21 J. Carter & Company 3540 S I-10 Service Rd W, Metairie, LA

    Listing date Nov 19, 2025

    MLS# 2531677 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.5‑acre commercial property in the Hammond corridor
    • Located near Hammond Square Mall and I‑12
    • Flood Zone X
    • Water source: public
    • Zoned for commercial, multifamily, or light industrial use

    Overview

    This listing offers a prime 2.5-acre commercial land development opportunity in the Hammond area, presented with example site plans showing potential layout concepts. The property is zoned COMRES and is identified as Flood Zone X, which can be an important consideration for planning and feasibility. Buyers can evaluate the site for a range of development directions based on the listed allowable use parameters, including commercial, multifamily, or light industrial concepts.

    The site is positioned along E Minnesota Park Road in Hammond, Louisiana, within an expanding commercial corridor. Public remarks note proximity to Hammond Square Mall and I-12, supporting accessibility for prospective tenants, residents, and service-oriented users. The combination of commercial zoning and the corridor location makes the property relevant for developers and investors looking for adaptable infill-style land.

    With zoning that contemplates commercial, multifamily, and light industrial use, this land is best suited for developers seeking flexibility rather than a single-purpose project. The availability of example site plans can help shorten early-stage decision-making for feasibility review, while the Flood Zone X designation may support more confident site planning. Consider this property if your development goals align with mixed-use flexibility and light industrial or residential-oriented product types.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.450805
    Latitude
    30.485372

    Nearby Similar for Sale

    • $300,000

      Downtown Hammond Commercial Land Opportunity

      Prime commercial land in Downtown Hammond with mixed-use zoning.
      909 W MORRIS Avenue, Hammond, LA 70403
      View Details
    • $585,000
      10,000 SF

      Hammond Auto Repair Shop For Sale

      10,000 SF auto repair shop in high-traffic location.
      2810 W CHURCH Street, Hammond, LA 70401
      View Details
    • $1,700,000
      11,784 SF

      Hammond Multifamily Investment Opportunity

      12-unit complex near downtown Hammond with convenient amenities.
      1300 S RANGE Road, Hammond, LA 70403
      View Details
    • $295,000

      Commercial Building with Drive-Thru

      Commercial building with drive-thru, kitchen, and digital sign.
      46608 MORRIS Road, Hammond, LA 70401
      View Details
    • $399,000

      Prime Commercial Land in Hammond

      6.10 acres with high visibility and utilities available.
      1904 CORBIN Road, Hammond, LA 70401
      View Details
    • $916,980
      76,415 SF

      Hammond Commercial Land For Sale

      1.75-acre commercial land parcel with high development potential.
      1955 SW RAILROAD Avenue lot: 2A1a, Hammond, LA 70401
      View Details
    • $733,136
      45,821 SF

      Hammond Commercial Site For Sale

      Prime commercial land in high-traffic retail corridor, Hammond, Louisiana.
      1955 SW RAILROAD Avenue lot: 2-A1b, Hammond, LA 70401
      View Details
    • $2,150,000
      17,513 SF

      Hammond Multifamily Investment Opportunity

      24-unit apartment complex in Hammond, LA, fully occupied.
      46434 W LEE HUGHES Road, Hammond, LA 70401
      View Details
    • $800,000
      7,400 SF

      Hammond Multifamily Investment Opportunity

      Fully occupied 8-unit apartment complex in Hammond, Louisiana.
      14106 W CLUB DELUXE Road, Hammond, LA 70403
      View Details
    • $500,000
      152,460 SF

      Hammond Land with Development Potential

      3.5-acre tract suitable for apartments, retail, or mixed-use development.
      16137 E MINNESOTA Park lot: 1, Hammond, LA 70403
      View Details
    • $379,000
      4,908 SF

      Hammond Multi-Home Investment Opportunity

      Three mobile homes on nearly two acres in Hammond, LA.
      16221,16227,16229 East Club Deluxe Road, Hammond, LA 70403
      View Details
    • $349,900

      12.05 Acres Vacant Land Hammond

      12.05 acre parcel near I-12/I-55 with utilities available.
      43058 HAPPYWOODS Road, Hammond, LA 70403
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile commercial-zoned land with Flood Zone X designation, offering development flexibility for multiple product types.
    Where is this commercial land located?
    The property is located at 16195 E MINNESOTA PARK Road lot Title Hammond, LA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 2.5‑acre commercial property in the Hammond corridor; Located near Hammond Square Mall and I‑12; Flood Zone X
    (504) 810-2825
    We can help!
    Listing Contact
    Spencer Rossie
    Spencer Rossie
    Real Estate License ID: 995717650
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16195 E MINNESOTA PARK Road lot: Title, Hammond, LA 70403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!