Hammond Commercial Property For
For Sale
$325,000
42238 PUMPKIN CENTER Road, Hammond, LA 70401
Commercial, Hammond, LA
Property Size1,600 SF
Lot Size1.18 Acres
Price / SF$203.13
Days on Market198
Property Features for 42238 PUMPKIN CENTER Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
-
Parking features
Carport
Subdivision
Not a Subdivision
Lot features
1-5 Acres
Standard status
Active
APN
-
Size
1,600 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Description
As Per Title
Legal Description
As Per Title
Utilities
Water source
Well
Building Details
Year built
2011
Floors in Building
1
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Caleb Mayeaux
(225) 505-6019
Added: Feb 7
Changed: Aug 19
Last Checked: Aug 24 at 12:06PM
MLS# 2542087
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, situated in Hammond, Louisiana, encompasses 1.18 acres. The surrounding area is experiencing growth, with new businesses emerging. A 1600 square feet residence is located at the back of the property, suitable for living, rental, or redevelopment for commercial use. The property is located in Tangipahoa County.
Key Highlights
- Over 1 acre of prime commercial property.
- Residence located on the property.
- Potential for commercial development.
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
$10,463
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
3.22%
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%
$209,260
$209.3K
Cap Rate 7%
$149,471
$149.5K
Cap Rate 9%
$116,256
$116.3K
Market Conditions
NOI Build-Up for 1,600 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
$20.9K $13.08/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$19.0K $11.89/SF
− OpEx
−$8.6K −$5.35/SF
NOI
$10.5K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
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%
$209,260
Cap Rate 7%
$149,471
Cap Rate 9%
$116,256
Alternative Uses
Best Use
Apartment 5plus
$149.5K
$130.8K – $174.4K
NOI $10,463 @ 7.0% cap · market cap 3.22%
Second Best
Mixed Use
$104.4K
$91.4K – $121.9K
NOI $7,311 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$441.1K
$385.9K – $514.6K
NOI $30,875 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Over 1 acre of prime commercial property in Hammond.
Where is this mixed-use property located?
The property is located at 42238 PUMPKIN CENTER Road Hammond, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Over 1 acre of prime commercial property.; Residence located on the property.; Potential for commercial development.
