Corner Commercial Land with Brick
For Sale
$850,000
300 N Cate St, Hammond, LA 70401
MX-CBD-zoned corner property with an existing brick structure and access from two public streets.
Property Size6,500 SF
Price / SF$130.77
Days on Market46
Property Features for 300 N Cate St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Investment
Zoning
MX-CBD
Amenities
Power
Water
Sewer
Vacant
Building Details
Year Built
1930
Listing Agency:
Realty Executives Florida Parishes
(985) 320-0263
Listed By:
Sam DiVittorio · License #995688138
(985) 320-0263
Source:
Lacdb.resimplifi
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 28 at 6:49AM
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 Realty Executives Florida Parishes
Investment Insights
Based on property information with market context.
This MX-CBD-zoned commercial land includes an existing brick structure built in 1930. The corner configuration provides frontage along N. Cate Street and East Charles Street, with the building offering a physical base for redevelopment or reuse. The site is positioned for mixed-use, retail, restaurant, office, entertainment, brewery, or event-center concepts supported by the stated zoning and existing improvements.
At 300 N Cate St, the property is located a short distance from Downtown Hammond, the Historic District, the Amtrak Station, restaurants, shopping, and Southeastern Louisiana University. The parcel contains 6,500 square feet and occupies a prominent intersection within Hammond’s commercial corridor.
At 300 N Cate St, the property is located a short distance from Downtown Hammond, the Historic District, the Amtrak Station, restaurants, shopping, and Southeastern Louisiana University. The parcel contains 6,500 square feet and occupies a prominent intersection within Hammond’s commercial corridor.
Key Highlights
- 6,500‑square‑foot commercial land parcel at 300 N Cate St
- MX‑CBD zoning
- Existing brick structure built in 1930
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
$65,179
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
7.67%
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%
$1,303,580
$1.3M
Cap Rate 7%
$931,129
$931.1K
Cap Rate 9%
$724,211
$724.2K
Market Conditions
NOI Build-Up for 6,500 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
$97.5K $15.00/SF
− Vacancy
−$4.4K −$0.68/SF
EGI
$93.1K $14.33/SF
− OpEx
−$27.9K −$4.30/SF
NOI
$65.2K $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 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%
$1,303,580
Cap Rate 7%
$931,129
Cap Rate 9%
$724,211
Alternative Uses
Best Use
Retail
$931.1K
$814.7K – $1.09M
NOI $65,179 @ 7.0% cap · market cap 7.67%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,702 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,428 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - MX-CBD-zoned corner property with an existing brick structure and access from two public streets.
Where is this commercial land located?
The property is located at 300 N Cate St Hammond, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,500‑square‑foot commercial land parcel at 300 N Cate St; MX‑CBD zoning; Existing brick structure built in 1930
