Office Units with Multiple
211 W Morris Ave, Hammond, LA 70403
For Sale
Contact for pricing
Office suites are planned for completion by the end of 2026 in downtown Hammond.
Property Size600 SF
Price / SF$2.50
Days on Market101
Property Features for 211 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 5
Changed: Oct 25
Last Checked: Nov 12 at 12:47PM
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
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Investment Insights
Based on property information with market context.
Office units are planned at 211 W Morris Ave in Hammond, Louisiana, with available configurations of 600 SF and 900 SF. The project has an estimated completion date at the end of 2026 and is identified as a 2026 property.
The property is situated in Downtown Hammond, providing a central setting for office operations. Available unit sizes accommodate businesses seeking either a compact office footprint or a larger suite within the same project.
The property is situated in Downtown Hammond, providing a central setting for office operations. Available unit sizes accommodate businesses seeking either a compact office footprint or a larger suite within the same project.
Key Highlights
- 600 SF and 900 SF office spaces available
- Estimated completion at the end of 2026
- Located at 211 W Morris Ave, Hammond, LA 70403
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,045
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,900
$180.9K
Cap Rate 7%
$129,214
$129.2K
Cap Rate 9%
$100,500
$100.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$14.0K $23.40/SF
− Vacancy
−$2.0K −$3.30/SF
EGI
$12.1K $20.10/SF
− OpEx
−$3.0K −$5.03/SF
NOI
$9.0K $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%
$180,900
Cap Rate 7%
$129,214
Cap Rate 9%
$100,500
Alternative Uses
Best Use
Office B
$129.2K
$113.1K – $150.8K
NOI $9,045 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$165.4K
$144.7K – $193.0K
NOI $11,578 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open 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
$207,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 suites are planned for completion by the end of 2026 in downtown Hammond.
Where is this office unit located?
The property is located at 211 W Morris Ave Hammond, LA.
What are key features of this property?
This property features: 600 SF and 900 SF office spaces available; Estimated completion at the end of 2026; Located at 211 W Morris Ave, Hammond, LA 70403
