Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space For Rent Title is generated by Realmo AI

    43015 W PLEASANT RIDGE Road, Hammond, LA 70403

    View on Map
    Claim this Listing
    For Lease
    $2,970/Mo $21 SF/Yr (calc)

    Retail space available for lease in Hammond, Louisiana.

    Property size:
    1,689 SF
    Added:
    Mar 26, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 3 at 11:12 am

    Property Features for 43015 W PLEASANT RIDGE Road

    General Information

    Standard status
    Active
    Size
    1,689 SF

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Judy Solomon
    Judy Solomon

    Listing agent Judy Solomon License #000008979

    Listing office

    Listing date Mar 26, 2026

    Source Evrealestate

    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 Judy Solomon

    HighLights

    • Attached garage for your convenience.
    • Garage included.
    • Oven included.
    • Range for cooking.
    • Located in Tangipahoa Parish.
    • Built in 1957.

    Overview

    This retail space, located at the corner of W. Pleasant Ridge Road on the northwest side of I-12 Service Road in Hammond, Louisiana, is available for rent. The property is accessible from I-12 via the Airport Exit, heading north to the service road. The space offers 1689 square feet of area and is located in Tangipahoa County.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.430176
    Latitude
    30.4798073

    Nearby Similar for Lease

    • $1,600/Mo
      1,500 SF

      Hammond Commercial Space For Lease

      1500 sq ft commercial space with office and warehouse functionality.
      15073 West Club Deluxe Road, Hammond, LA 70403
      View Details
    • $5,000/Mo
      6,000 SF

      Versatile Commercial Space in Hammond

      6,000 sq ft commercial space with warehouse and office.
      109 Tower Drive, 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 Road, Hammond, LA 70403
      View Details
    • $1,500/Mo
      600 SF

      Downtown Office Suites Under Construction

      Small office suites available in a prime downtown location, with estimated completion at the end of 2026.
      211 W MORRIS Avenue, 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 Road, Hammond, LA 70403
      View Details
    • $2,000/Mo
      900 SF

      Newly Planned Office Suites

      Planned downtown office suites with flexible 600- and 900-sf options, targeted for completion by end of 2026.
      207 W MORRIS Avenue, Hammond, LA 70403
      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 Boulevard, Hammond, LA 70401
      View Details
    • $2,000/Mo
      2,000 SF

      Commercial Property on South Holly

      Prime commercial property with high visibility and development potential.
      43391 S HOLLY Street, 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 Street, Hammond, LA 70401
      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 Avenue, 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 Road, Hammond, LA 70403
      View Details
    • $1,500/Mo
      2,353 SF

      Hammond Warehouse Space For Lease

      Warehouse space with prime location and easy highway access.
      1607 North Morrison Boulevard, Hammond, LA 70401
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Hammond, Louisiana.
    Where is this retail space located?
    The property is located at 43015 W PLEASANT RIDGE Road Hammond, LA.
    What is the lease rate?
    The lease rate is $2,970 /Mo.
    What are key features of this property?
    This property features: Attached garage for your convenience.; Garage included.; Oven included.
    (985) 320-9888
    We can help!
    Listing Contact
    Judy Solomon
    Judy Solomon
    Real Estate License ID: 000008979
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    43015 W PLEASANT RIDGE Road, Hammond, LA 70403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!