Medical Office
For Sale
$450,000
206 Market St, Hammond, LA 70401
Existing dental-office configuration offers continued occupancy under a leaseback arrangement while a replacement facility is developed.
Property Size2,166 SF
Price / SF$207.76
Days on Market289
Property Features for 206 Market St
General Information
Standard status
Active
Size
2,166 SF
Total Parking Spaces
11
Property subtype
Healthcare
Zoning
C-H
Additional Details
Highway Access
Yes
Amenities
11 Parking Spaces
Building Details
Year Built
1983
Tenancy
Single
Owner Occupied
No
Listing Agency:
Downtown Realty
(985) 507-2561
Listed By:
Robbie Lipscomb · License #995690415
(985) 507-2561
Source:
Lacdb.resimplifi
Added: Nov 12, 2025
Changed: Aug 28
Last Checked: Aug 28 at 1:07PM
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 Downtown Realty
Investment Insights
Based on property information with market context.
This 2,166-square-foot medical office property was built in 1983 and is currently occupied by a dental practice. The existing configuration supports dental-office operations, and the tenant may remain in place under a leaseback arrangement while a new facility is constructed.
The property is zoned C-H and is located at 206 Market St in Hammond, Louisiana. Access to major highways and the interstate is available from the site.
The property is zoned C-H and is located at 206 Market St in Hammond, Louisiana. Access to major highways and the interstate is available from the site.
Key Highlights
- 2,166‑square‑foot medical office property
- Currently occupied as a dental office
- Leaseback may continue while the tenant develops a new facility
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
$32,653
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
7.26%
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%
$653,060
$653.1K
Cap Rate 7%
$466,471
$466.5K
Cap Rate 9%
$362,811
$362.8K
Market Conditions
NOI Build-Up for 2,166 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
$50.7K $23.40/SF
− Vacancy
−$7.1K −$3.30/SF
EGI
$43.5K $20.10/SF
− OpEx
−$10.9K −$5.03/SF
NOI
$32.7K $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%
$653,060
Cap Rate 7%
$466,471
Cap Rate 9%
$362,811
Alternative Uses
Best Use
Office B
$466.5K
$408.2K – $544.2K
NOI $32,653 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$366.9K
$321.1K – $428.1K
NOI $25,685 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$597.1K
$522.5K – $696.6K
NOI $41,796 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Well-served
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental-office configuration offers continued occupancy under a leaseback arrangement while a replacement facility is developed.
Where is this medical office space located?
The property is located at 206 Market St Hammond, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,166‑square‑foot medical office property; Currently occupied as a dental office; Leaseback may continue while the tenant develops a new facility
