Historic Cottage Office
For Sale
$399,000
200 S Oak St, Hammond, LA 70401
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 Market13
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
Buildings
1
Construction
cottage-style
Listing Agency:
1 Percent Lists Premier
(985) 400-9072
Listed By:
Sara Daniel · License #995691544
(985) 400-9072
Source:
Exprealty
Added: Aug 10
Changed: Aug 20
Last Checked: Aug 21 at 12:04PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,206
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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 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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
