Historic Cottage Office
For Sale
$399,000
200 S Oak St, Hammond, LA 70403
Corner office property with MX-C zoning, available utilities, and an adjoining wooded area for additional site use.
Property Size1,672 SF
Lot Size0.29 Acres
Price / SF$238.64
Days on Market70
Property Features for 200 S Oak St
General Information
Standard status
Active
Size
1,672 SF
Lot size
0.29 Acres
Zoning
MX-C
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1908
Buildings
1
Construction
cottage-style
Listing Agency:
1 Percent Lists Premier
Listed By:
Sara Daniel · License #995691544
(985) 400-9072
Source:
Dominionplace
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 7 at 1:06PM
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 1 Percent Lists Premier
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Investment Insights
Based on property information with market context.
This office property at 200 S Oak St includes a historic cottage-style office building configured as a duplex, with 1,672 square feet of property size. The parcel contains approximately 12,600 square feet and includes a wooded area measuring approximately 90' x 75'. That additional area may accommodate future expansion, parking, or redevelopment, subject to applicable approvals.
Located in Downtown Hammond’s Downtown Development District, the property occupies a corner position at two busy corridors and is directly adjacent to the Hammond Police Station. Zoning is MX-C (Mixed Commercial), allowing flexibility for commercial uses subject to city approval. Electricity, natural gas, water, sewer, and trash service are readily available, and the property is in Flood Zone X.
Located in Downtown Hammond’s Downtown Development District, the property occupies a corner position at two busy corridors and is directly adjacent to the Hammond Police Station. Zoning is MX-C (Mixed Commercial), allowing flexibility for commercial uses subject to city approval. Electricity, natural gas, water, sewer, and trash service are readily available, and the property is in Flood Zone X.
Key Highlights
- 1,672 square feet of property size
- Approximately 12,600‑square‑foot commercial parcel
- Historic cottage‑style office building configured as a duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,206
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,120
$504.1K
Cap Rate 7%
$360,086
$360.1K
Cap Rate 9%
$280,067
$280.1K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$39.1K $23.40/SF
− Vacancy
−$5.5K −$3.30/SF
EGI
$33.6K $20.10/SF
− OpEx
−$8.4K −$5.03/SF
NOI
$25.2K $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%
$504,120
Cap Rate 7%
$360,086
Cap Rate 9%
$280,067
Alternative Uses
Best Use
Office B
$360.1K
$315.1K – $420.1K
NOI $25,206 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.9K
$403.3K – $537.7K
NOI $32,264 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Corner office property with MX-C zoning, available utilities, and an adjoining wooded area for additional site use.
Where is this office building located?
The property is located at 200 S Oak St 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: 1,672 square feet of property size; Approximately 12,600‑square‑foot commercial parcel; Historic cottage‑style office building configured as a duplex
