Industrial Warehouse with Rail
For Sale
$575,000
410 N Holly St, Hammond, LA 70401
Two industrial buildings include an on-site rail spur and I-L light industrial zoning.
Property Size8,550 SF
Price / SF$67.25
Days on Market43
Property Features for 410 N Holly St
General Information
Standard status
Active
Size
8,550 SF
Property subtype
Industrial
Zoning
I-L LIGHT INDUSTRIAL
Additional Details
Rail Access
Yes
Amenities
Power
Water
Natural Gas
Building Details
Year Built
1963
Buildings
2
Listing Agency:
Coldwell Banker Commercial TEC Realtors
Listed By:
Ron Patron · License #0995701890
(504) 782-9373
Source:
Lacdb.resimplifi
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 13 at 2:27AM
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 Coldwell Banker Commercial TEC Realtors
Investment Insights
Based on property information with market context.
The Hammond property contains two industrial structures: a 6,000-square-foot main building and a 2,550-square-foot metal building. Constructed in 1963, the site is zoned I-L light industrial and includes a rail spur on the property, alongside several railways.
Located at 410 N Holly St in Hammond, Louisiana, the property offers a two-building industrial configuration with rail access.
Located at 410 N Holly St in Hammond, Louisiana, the property offers a two-building industrial configuration with rail access.
Key Highlights
- Two buildings totaling 8,550 square feet
- Main building measures 6,000 square feet
- Metal structure measures 2,550 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,812
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,240
$836.2K
Cap Rate 7%
$597,314
$597.3K
Cap Rate 9%
$464,578
$464.6K
Market Conditions
NOI Build-Up for 8,550 SF
Gross rent
$53.4K $6.24/SF
− Vacancy
−$4.2K −$0.49/SF
EGI
$49.2K $5.75/SF
− OpEx
−$7.4K −$0.86/SF
NOI
$41.8K $4.89/SF
Area
Tangipahoa County, LA
Vacancy
7.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,240
Cap Rate 7%
$597,314
Cap Rate 9%
$464,578
Alternative Uses
Best Use
Warehouse
$597.3K
$522.7K – $696.9K
NOI $41,812 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,986 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- University Specialty Shoppe and Gifts — 205 E Charles St, Hammond, LA 70401
- Midway Mini Warehouses Inc — 1000 E Thomas St, Hammond, LA 70401
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings include an on-site rail spur and I-L light industrial zoning.
Where is this warehouse located?
The property is located at 410 N Holly St Hammond, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two buildings totaling 8,550 square feet; Main building measures 6,000 square feet; Metal structure measures 2,550 square feet
