Retail Plaza Adjacent to
2751 W Thomas St, Hammond, LA 70403
For Sale
Contact for pricing
Neighborhood shopping center positioned along US Highway 190 near a Walmart Supercenter.
Property Size21,960 SF
Days on Market143
Property Features for 2751 W Thomas St
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Highway Access
Building Details
Building Size
Listing Agency:
JRE Brokerage
Listed By:
Will Chadwick
(225) 753-3573
Source:
Gojre
Added: Jun 25
Changed: Nov 12
Last Checked: Nov 12 at 4:44AM
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 JRE Brokerage
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Investment Insights
Based on property information with market context.
Tangi Plaza is a retail center comprising commercial space for in-line and other retail uses. The property is presented for sale as a shopping center asset.
The center is located along W Thomas Street (US Highway 190) in Hammond, Louisiana. It is adjacent to a Walmart Supercenter, placing it in close proximity to an established retail anchor.
This configuration can suit tenants or owners looking for a highway-oriented retail setting supported by nearby anchored foot traffic. The property’s straightforward retail-center format and adjacency to a major retailer may be attractive for businesses seeking consistent neighborhood convenience within a retail corridor.
The center is located along W Thomas Street (US Highway 190) in Hammond, Louisiana. It is adjacent to a Walmart Supercenter, placing it in close proximity to an established retail anchor.
This configuration can suit tenants or owners looking for a highway-oriented retail setting supported by nearby anchored foot traffic. The property’s straightforward retail-center format and adjacency to a major retailer may be attractive for businesses seeking consistent neighborhood convenience within a retail corridor.
Key Highlights
- Retail center located along W Thomas Street (US Highway 190) in Hammond
- Adjacent to a Walmart Supercenter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,204
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,404,080
$4.4M
Cap Rate 7%
$3,145,771
$3.1M
Cap Rate 9%
$2,446,711
$2.4M
Market Conditions
NOI Build-Up for 21,960 SF
Gross rent
$329.4K $15.00/SF
− Vacancy
−$14.8K −$0.68/SF
EGI
$314.6K $14.33/SF
− OpEx
−$94.4K −$4.30/SF
NOI
$220.2K $10.03/SF
Area
Tangipahoa County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,404,080
Cap Rate 7%
$3,145,771
Cap Rate 9%
$2,446,711
Alternative Uses
Best Use
Retail
$3.15M
$2.75M – $3.67M
NOI $220,204 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.05M
$5.30M – $7.06M
NOI $423,753 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
587
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Coinstar Kiosk | Bitcoin ATM — Albertsons, 1711 W Thomas St, Hammond, LA 70401
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center positioned along US Highway 190 near a Walmart Supercenter.
Where is this shopping center located?
The property is located at 2751 W Thomas St Hammond, LA.
What are key features of this property?
This property features: Retail center located along W Thomas Street (US Highway 190) in Hammond; Adjacent to a Walmart Supercenter
