Functional Industrial Building in
For Sale
$621,000
44212 Stein Road, Hammond, LA 70403
Move-in ready industrial building with modernized office and versatile features.
Property Size9,000 SF
Price / SF$69
Days on Market228
Property Features for 44212 Stein Road
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Zoning
unzone
Building Details
Building Size
9,000 SF
Year Built
2018
Stories
2
Listing Agency:
Stirling Properties
(985) 246-3720
Listed By:
Bradley Cook · License #995713150
(985) 246-3720
Source:
Nolalivingrealty
Added: Jan 7
Changed: Aug 23
Last Checked: Aug 22 at 4:47PM
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 Properties
Investment Insights
Based on property information with market context.
The property at 44212 Stein Road features a functional industrial building with approximately 9,000 square feet of space, situated within Hammond’s established industrial corridor. The building is suitable for an owner-user or investor. The property includes a modernized office area, multiple grade-level and dock-high loading options, and 3-phase power. A dedicated room within the warehouse was previously utilized for temperature-controlled purposes; the existing components remain in place and can be adapted or repurposed based on operational needs. Recent improvements include new garage doors, fresh interior and exterior paint, and upgraded office finishes. The building is fully subdividable. The property is located just off Interstate 55, benefiting from visibility, highway access, and proximity to industrial and commercial users. It is suited for a range of industrial and commercial uses.
Key Highlights
- Move‑in‑ready ±9,000 SF industrial building with minimal upfront capital requirements.
- Excellent location just off Interstate 55 with efficient highway access and strong visibility.
- Multiple grade‑level and dock‑high loading options and 3‑phase power.
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
$44,013
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
7.09%
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%
$880,260
$880.3K
Cap Rate 7%
$628,757
$628.8K
Cap Rate 9%
$489,033
$489.0K
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
$56.2K $6.24/SF
− Vacancy
−$4.4K −$0.49/SF
EGI
$51.8K $5.75/SF
− OpEx
−$7.8K −$0.86/SF
NOI
$44.0K $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 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%
$880,260
Cap Rate 7%
$628,757
Cap Rate 9%
$489,033
Alternative Uses
Best Use
Warehouse
$628.8K
$550.2K – $733.6K
NOI $44,013 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$543.5K
$475.6K – $634.1K
NOI $38,046 @ 7.0% cap · market cap 6.13%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Value Storage Units of Hammond — 45046 Crapanzano Rd, Hammond, LA 70401
- Southern Self Storage — 306 Market St, Hammond, LA 70401
- Northshore Moving Company — 44212 Stein Rd, Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Warehouse - Move-in ready industrial building with modernized office and versatile features.
Where is this warehouse located?
The property is located at 44212 Stein Road 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: Move‑in‑ready ±9,000 SF industrial building with minimal upfront capital requirements.; Excellent location just off Interstate 55 with efficient highway access and strong visibility.; Multiple grade‑level and dock‑high loading options and 3‑phase power.
