Building Details

Year Built 1999

Listing Agency: Simply Real Estate LLC

Listed By: Tasha Lamkin-Dameron · License #995685504 Show Phone

Source: Fiorellaavenue

Added: Jul 21 Changed: Oct 11 Last Checked: Oct 12 at 11:38PM

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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 Simply Real Estate LLC

Investment Insights

Based on property information with market context.

This car wash property occupies a corner parcel at 1807 N Morrison Boulevard in Hammond, Louisiana. The record identifies a property size of 769 and a 1999 construction year. Its classification as a car wash asset provides a clear basis for evaluating the existing commercial property and its site characteristics.

Key Highlights

• Corner‑lot car wash property
• 1807 N Morrison Boulevard, Hammond, LA 70401
• Property size: 769

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,575

Cap Rate

4.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$211,500 $211.5K

Cap Rate 7%

$151,071 $151.1K

Cap Rate 9%

$117,500 $117.5K

Market Conditions

NOI Build-Up for 769 SF

Gross rent

$14.8K $19.20/SF

− Vacancy

−$664 −$0.86/SF

EGI

$14.1K $18.34/SF

− OpEx

−$3.5K −$4.58/SF

NOI

$10.6K $13.75/SF

Area

Tangipahoa County, LA

Vacancy

4.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$211,500

Cap Rate 7%

$151,071

Cap Rate 9%

$117,500

Alternative Uses

Best Use

Specialty Retail

$151.1K

$132.2K – $176.3K (±1% cap)

NOI $10,575 @ 7.0% cap · market cap 4.60%

Second Best

Retail

$110.2K

$96.4K – $128.5K (±1% cap)

NOI $7,711 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$212.0K

$185.5K – $247.3K (±1% cap)

NOI $14,839 @ 7.0% cap · market cap 6.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Car washes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Pharmacy HVAC Service Skin Care Clinic

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

353

Businesses Nearby

Explore this area Business Placement

Demographics for 70401, LA

21,014

Population

10,321

Households

2

Avg Household Size

32

Median Age

35%

College-Educated

88%

High-School Grad

34.7 sq mi

ZIP Area

606

Density / Sq Mi

$50,995

Median Household Income

$31,405

Median Earnings

$977

Median Rent

$226,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this car washes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Car wash - Car wash property positioned on a corner parcel in Hammond, Louisiana.

Where is this car wash located?

The property is located at 1807 N Morrison Boulevard Hammond, LA.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Corner‑lot car wash property; 1807 N Morrison Boulevard, Hammond, LA 70401; Property size: 769