Industrial Flex Building with
44214 Stein Road Hammond, LA 70403
44214 Stein Road, Hammond, LA, 70403
$517,500
For Sale
$517,500
Industrial facility with updated office areas, new garage doors, and a stabilized laydown yard plus billboard income.
Property Size7,500 SF
Price / SF$69
Days on Market196
Property Features for 44214 Stein Road
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing agency
Stirling Properties
(985) 246-3720
Listed by
Bradley Cook · License #995712511
(985) 246-3720
Source
Nolalivingrealty
Added: Jan 7 Updated: Jul 21 at 1:43PM Checked: Jul 21 at 1:43PM
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.
44214 Stein Road is a versatile industrial facility offering both indoor workspace and additional outdoor operational capacity. The property includes updated office areas, new garage doors, and fresh interior and exterior paint, supporting a move-in-ready environment with minimal near-term capital needs. A stabilized laydown yard on the parcel provides outdoor space for equipment staging, operational flexibility, and related industrial use.
The site is located within Hammond’s established industrial corridor, just off Interstate 55, providing convenient highway access. The parcel also includes an income-producing billboard sign.
The overall configuration supports an owner-user or investor approach, combining functional industrial building space with outdoor laydown capability and supplemental income from the billboard.
The site is located within Hammond’s established industrial corridor, just off Interstate 55, providing convenient highway access. The parcel also includes an income-producing billboard sign.
The overall configuration supports an owner-user or investor approach, combining functional industrial building space with outdoor laydown capability and supplemental income from the billboard.
Key Highlights
- 7,500± SF industrial facility built in 2018, suited for owner‑user or investor
- 0.36± acre stabilized laydown yard for outdoor storage, equipment staging, or fleet parking
- Recent improvements include new garage doors, fresh interior and exterior paint, and updated office areas
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $9.60 |
| − Vacancy | −$1.4k | −$0.19 |
| EGI | $70.6k | $9.41 |
| − OpEx | −$24.7k | −$3.29 |
| NOI | $45.9k | $6.12 |
7,500 SF · lease $9.60/SF/yr · vacancy 2.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$655.2K
$573.3K – $764.4K
NOI $45,864 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$524.0K
$458.5K – $611.3K
NOI $36,677 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,724 @ 7.0% cap · market cap 27.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Legends Distribution
Distribution Center
McGee's Pallet Company
Freight Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial facility with updated office areas, new garage doors, and a stabilized laydown yard plus billboard income.
Where is this flex space located?
The property is located at 44214 Stein Road Hammond, LA.
What is the asking price?
The asking price for this property is $517,500.
What are key features of this property?
This property features: 7,500± SF industrial facility built in 2018, suited for owner‑user or investor; 0.36± acre stabilized laydown yard for outdoor storage, equipment staging, or fleet parking; Recent improvements include new garage doors, fresh interior and exterior paint, and updated office areas
