New Office Units with Flexible
207 W Morris Ave, Hammond, LA 70403
For Sale
Contact for pricing
Office space is scheduled for completion by the end of 2026.
Property Size900 SF
Price / SF$2.22
Days on Market104
Property Features for 207 W Morris Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Century 21 J. Carter & Company
Listed By:
Spencer Rossie · License LA #995705482
(985) 351-6667
Source:
Dominionplace
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 12 at 10:15AM
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 Century 21 J. Carter & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New office units are planned at 207 W Morris Ave, with available spaces of approximately 600 and 900 square feet. The property is identified as a 2026 project, with estimated completion by the end of 2026.
The downtown Hammond location places the office offering within the city’s central business area. Owner/agent representation is available for the sale.
The downtown Hammond location places the office offering within the city’s central business area. Owner/agent representation is available for the sale.
Key Highlights
- Available office spaces of 600 and 900 square feet
- Estimated completion by the end of 2026
- 2026 property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,568
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,360
$271.4K
Cap Rate 7%
$193,829
$193.8K
Cap Rate 9%
$150,756
$150.8K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$21.1K $23.40/SF
− Vacancy
−$3.0K −$3.30/SF
EGI
$18.1K $20.10/SF
− OpEx
−$4.5K −$5.03/SF
NOI
$13.6K $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%
$271,360
Cap Rate 7%
$193,829
Cap Rate 9%
$150,756
Alternative Uses
Best Use
Office B
$193.8K
$169.6K – $226.1K
NOI $13,568 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.5K
NOI $17,367 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
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
$207,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Hammond, LA
Properties on Market for Office Units in Hammond
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space is scheduled for completion by the end of 2026.
Where is this office unit located?
The property is located at 207 W Morris Ave Hammond, LA.
What are key features of this property?
This property features: Available office spaces of 600 and 900 square feet; Estimated completion by the end of 2026; 2026 property
