Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2302 W Thomas St Hammond, LA 70401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for sublease next to Aldi.

    Property Features for 2302 W Thomas St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Richard Weber
    Richard Weber
    Source: Crexi

    Listing Agency: Corporate Realty Listing Agent: Richard Weber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Sublease Opportunity

    This commercial real estate property offers retail space available for sublease. The property is located at 2302 W Thomas St, Hammond, LA 70401 and is situated next to an Aldi.
    Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm Western Union Bank Primo Water Refill ... Big Box & Wholesale Store Coinstar Kiosk | Bitcoin ... Atm Cardtronics ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.488719
    Latitude
    30.500955

    Nearby Similar for Lease

    • $5,000 /Mo
      6,000 SF

      Versatile Commercial Space in Hammond

      6,000 sq ft commercial space with warehouse and office.
      109 Tower Dr, Hammond, LA 70401
      View Details
    • $3,200 /Mo
      3,000 SF

      Hammond Commercial Space For Lease

      3,000 sq ft commercial space with office and warehouse.
      15073 West Club Deluxe Rd, Hammond, LA 70403
      View Details
    • $3,000 /Mo
      3,977 SF

      Hammond Commercial Building For Lease

      Commercial building for lease in Hammond with ample parking.
      40521 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • $5,000 /Mo
      9,000 SF

      Renovated Warehouse with Office Space

      9,000 sq ft warehouse with showroom and office space.
      1713 Corbin Rd, Hammond, LA 70403
      View Details
    • $2,625 /Mo
      2,208 SF

      Retail, Office, Warehouse Space Available

      Versatile commercial space in a high-traffic location near I-12.
      42290 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • $850 /Mo
      950 SF

      Downtown Hammond Office Space

      Professionally designed office space in a prime downtown location.
      206 East Charles St, Hammond, LA 70401
      View Details
    • $950 /Mo
      665 SF

      Hammond Office Space For Lease

      Commercial office space in Jefferson Court Business Plaza available for lease.
      1000 N Morrison Blvd, Hammond, LA 70401
      View Details
    • $12,000 /Mo
      29,000 SF

      Industrial Warehouse with Covered Service

      Industrial, manufacturing, fabrication, or distribution use. 3-phase electrical service.
      40515 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • $2,500 /Mo
      2,216 SF

      Hammond Commercial Space For Lease

      High-visibility commercial space near North Oaks Medical Center and Hammond Square.
      42276 Veterans Ave, Hammond, LA 70403
      View Details
    • $1,495 /Mo
      1,891 SF

      Hammond Corner Lot Lease Space

      Commercial lease space in Hammond, 1891 sqft for office/retail.
      44216 S Range Rd, Hammond, LA 70403
      View Details
    • $1,375 /Mo
      750 SF

      Retail Space Near Downtown Hammond

      750 sqft retail space less than 1 mile from Downtown.
      1665 SW Railroad Ave, Hammond, LA 70403
      View Details
    • Sponsored
      Contact for pricing

      LA, Hammond - Westin Oaks Dr

      Flexible workspace in GA, East Point - North Desert Drive
      725 Westin Oaks Dr, Hammond, LA 70403
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for sublease next to Aldi.
    Where is this retail space located?
    The property is located at 2302 W Thomas St Hammond, LA.
    What are key features of this property?
    This property features: - Sublease opportunity available; - Next to Aldi for convenient access
    (504) 581-5005
    Request Owner's contact information
    2302 W Thomas St Hammond, LA 70401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2302 W Thomas St
    Hammond, LA 70401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2302 W Thomas St Hammond, LA 70401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Weber
    Richard Weber
    Real Estate License ID: SALE.0000071088-ACT
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!