Industrial Warehouse with
For Sale
$621,000
44212 Stein Rd, Hammond, LA 70403
Functional industrial facility with upgraded offices, flexible loading, clear-span space, and three-phase power near Interstate 55.
Property Size9,000 SF
Lot Size0.60 Acres
Price / SF$69
Days on Market217
Property Features for 44212 Stein Rd
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.60 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Office Build-Out
1,500 SF
Mezzanine
1,500 SF
Drive-In Doors
3
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Amenities
Vacant
Building Details
Year Built
2018
Buildings
1
Building Size
9,000 SF
Listing Agency:
Stirling Covington/Corporate
(225) 505-6009
Listed By:
Bradley Cook · License #995712511
(225) 505-6009
Source:
Lacdb.resimplifi
Added: Jan 25
Changed: Aug 29
Last Checked: Aug 30 at 1:42PM
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 Stirling Covington/Corporate
Investment Insights
Based on property information with market context.
This 2018 industrial warehouse at 44212 Stein Road in Hammond includes approximately 9,000 SF, with about 1,500 SF of office space and a separate 1,500 SF mezzanine excluded from the total. The clear-span building has an 18-foot clear height, two 12' x 14' grade-level doors, one 12' x 12' grade-level door, a truck well, and a van-level door. A dedicated room retains components from its prior temperature-controlled configuration. The property is subdividable and includes three-phase power, new garage doors, refreshed interior and exterior paint, and updated office finishes.
The facility occupies approximately 0.60 acres at 44212 Stein Road, just off Interstate 55 in Hammond’s established industrial corridor. Its loading configuration and highway access support a range of industrial operations. The building was constructed in 2018 and is suited to immediate occupancy or future reconfiguration.
The facility occupies approximately 0.60 acres at 44212 Stein Road, just off Interstate 55 in Hammond’s established industrial corridor. Its loading configuration and highway access support a range of industrial operations. The building was constructed in 2018 and is suited to immediate occupancy or future reconfiguration.
Key Highlights
- ±9,000 SF industrial building on ±0.60 acres
- ±1,500 SF office and ±1,500 SF mezzanine space, excluded from total SF
- Two 12’ x 14’ and one 12’ x 12’ grade‑level doors
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
$55,037
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
8.86%
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%
$1,100,740
$1.1M
Cap Rate 7%
$786,243
$786.2K
Cap Rate 9%
$611,522
$611.5K
Market Conditions
NOI Build-Up for 9,000 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
$86.4K $9.60/SF
− Vacancy
−$1.7K −$0.19/SF
EGI
$84.7K $9.41/SF
− OpEx
−$29.6K −$3.29/SF
NOI
$55.0K $6.12/SF
Area
Tangipahoa County, LA
Vacancy
2.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,100,740
Cap Rate 7%
$786,243
Cap Rate 9%
$611,522
Alternative Uses
Best Use
Flex RnD
$786.2K
$688.0K – $917.3K
NOI $55,037 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$628.8K
$550.2K – $733.6K
NOI $44,013 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,669 @ 7.0% cap · market cap 27.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
213
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Northshore Moving Company — 44212 Stein Rd, Hammond, LA 70403
- Southern Self Storage — 306 Market St, Hammond, LA 70401
- Value Storage Units of Hammond — 45046 Crapanzano Rd, Hammond, LA 70401
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial facility with upgraded offices, flexible loading, clear-span space, and three-phase power near Interstate 55.
Where is this warehouse located?
The property is located at 44212 Stein Rd Hammond, LA.
What is the asking price?
The asking price for this property is $621,000.
What are key features of this property?
This property features: ±9,000 SF industrial building on ±0.60 acres; ±1,500 SF office and ±1,500 SF mezzanine space, excluded from total SF; Two 12’ x 14’ and one 12’ x 12’ grade‑level doors
