Air-Conditioned Warehouse
New
For Sale
$1,300,000
210 Hewitt Rd, Hammond, LA 70403
Corner-site facility combines warehouse and office areas with three-phase power and flexible configuration.
Property Size10,200 SF
Lot Size0.80 Acres
Price / SF$127.45
Days on Market2
Property Features for 210 Hewitt Rd
General Information
Standard status
Active
Size
10,200 SF
Lot size
0.80 Acres
Warehouse & Industrial
Warehouse Space
9,400 SF
Office Build-Out
800 SF
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$1,300,000
Road Access
Yes
Building Details
Year Built
2009
Buildings
1
Building Size
10,200 SF
Listing Agency:
Gulf States Real Estate Services of Louisiana, L.L
Listed By:
Stuart Ridgel · License #995703353
(985) 705-1727
Source:
Dominionplace
Added: Sep 11
Last Checked: Sep 11 at 3:21PM
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 Gulf States Real Estate Services of Louisiana, L.L
Investment Insights
Based on property information with market context.
Built in 2009, this 10,200-square-foot warehouse property includes 9,400 square feet of fully air-conditioned warehouse space and 800 square feet of office space. The building sits on a 0.80-acre corner lot at 210 Hewitt Rd in Hammond, Louisiana, and can be divided into two units.
A high ridge line roof provides eaves ranging from 14 to 15 feet and reaches approximately 30 feet at its peak, supporting high-shelving layouts or indoor sports uses. The facility also includes four roll-up doors, three restrooms, three-phase power, two electrical panels, interior-wall electrical outlets, and a grease trap designed for restaurant use.
A high ridge line roof provides eaves ranging from 14 to 15 feet and reaches approximately 30 feet at its peak, supporting high-shelving layouts or indoor sports uses. The facility also includes four roll-up doors, three restrooms, three-phase power, two electrical panels, interior-wall electrical outlets, and a grease trap designed for restaurant use.
Key Highlights
- 10,200‑square‑foot building on a 0.80‑acre corner lot
- 9,400 square feet of air‑conditioned warehouse space plus 800 square feet of office space
- High ridge line roof with 14- to 15‑foot eaves and approximately 30‑foot peak height
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
$62,375
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
4.80%
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%
$1,247,500
$1.2M
Cap Rate 7%
$891,071
$891.1K
Cap Rate 9%
$693,056
$693.1K
Market Conditions
NOI Build-Up for 10,200 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
$97.9K $9.60/SF
− Vacancy
−$2.0K −$0.19/SF
EGI
$96.0K $9.41/SF
− OpEx
−$33.6K −$3.29/SF
NOI
$62.4K $6.12/SF
Area
Tangipahoa County, LA
Vacancy
2.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,247,500
Cap Rate 7%
$891,071
Cap Rate 9%
$693,056
Alternative Uses
Best Use
Flex RnD
$891.1K
$779.7K – $1.04M
NOI $62,375 @ 7.0% cap · market cap 4.80%
Second Best
Warehouse
$712.6K
$623.5K – $831.4K
NOI $49,881 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,825 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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- Hammond Lock Storage — 43216 S Holly St, Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Warehouse - Corner-site facility combines warehouse and office areas with three-phase power and flexible configuration.
Where is this warehouse located?
The property is located at 210 Hewitt Rd Hammond, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,200‑square‑foot building on a 0.80‑acre corner lot; 9,400 square feet of air‑conditioned warehouse space plus 800 square feet of office space; High ridge line roof with 14- to 15‑foot eaves and approximately 30‑foot peak height
